Logo
Cardano Ecosystem

Cardano Feed

03/16/2024

·

252 views


Âtrium</Lab> partners with Dexhunter

Âtrium</Lab> is excited to announce a strategic partnership with Dexhunter, Cardano’s largest DEX aggregator.

Âtrium</Lab> partners with Dexhunter

Âtrium</Lab> is excited to announce a strategic partnership with Dexhunter, Cardano’s largest DEX aggregator. The partnership will see sharing of technologies to advance both platforms ecosystems and accelerate growth of the Cardano blockchain.

Dexhunter combines multiple advanced tools to simplify and enhance user experience, integrating real-time alerts, DEX aggregation, and an NFT sniping platform to empower users to make informed decisions and execute optimal trades.

Dexhunter will be the first organisation outside of Âtrium to integrate Staking baskets, building a custom basket using their own stake pool network and rewarding users with HUNT token on top of the usual staking rewards.

Staking Baskets are a brand new innovation on the Cardano blockchain, allowing users to delegate their ADA to a large number of Stake pools in a user-friendly way whilst receiving additional tokens. The testnet for ‘Diffusion’, the first ever staking basket on Cardano has been a resounding success, and will be released on mainnet in the coming months. Following Diffusion’s launch, the Dexhunter basket will be released shortly after. Users can deposit Ada into the Staking Basket smart contract, which will delegate to Dexhunters 39 partner pools. Users will then receive ADA staking rewards generated by the pools, and be eligible to earn HUNT tokens as an as additional token.

Melon, CEO of Dexhunter, states:

“We’re excited about this partnership between Dexhunter and Âtrium because it helps to bring much-needed incentives to our partner SPOs and opens more unique opportunities to reward both stakers and pool operators which are crucial not only for our infrastructure but to Cardano as a whole”

Âtrium will be integrating Dexhunter DEX aggregation facilities into the Âtrium platform, enabling user to find the best prices for token swaps across exchanges.

Peyton, co- founder of Âtrium</Lab> states:

“We’re huge fans of DEXhunter, and have seen how their aggregator has increased the accessibility of trading assets for Cardano users. DEXhunter also has a large group of SPOs that support Cardano’s decentralization. With Staking Baskets these SPOs will be rewarded with more delegation, and users that want to support these SPOs can delegate to all of them in one transaction.”

Conclusion

This collaboration is highly anticipated, and will see the two entities and their communities benefit from each others innovations, growing stronger together. We are delighted that Dexhunter will be the first Custom Basket creator, helping to pioneer this new technology and demonstrating its utility. Eventually, we foresee hundreds of Staking Basket compositions coming to fruition, meaning that stake can be spread much more evenly across the stake pool network, supporting small pool operators and strengthening the Cardano network.

AD

SNEKbot by DexHunter on CARDANO

Cardano's Telegram Trading Bot live on Cardano mainnet!TRADE NOW!


Read Original Article on Cardano Feed

ORIGINAL SOURCE

https://medium.com/atrium-lab/%C3%A2triu...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


Rare Evo: A Blockchain Event

More from Cardano Feed

See more
Today is Cardano #AdaPayDay! ADA is $0.42, welcome epoch 497
Cardano Feed
Today is Cardano #AdaPayDay! ADA is $0.42, welcome epoch 497

last Saturday at 11:46 AM

·

107 views

Related News

See more

Argentina Digital Nation 2024
Rare Evo: A Blockchain Event
Argentina Digital Nation 2024

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)