Blueshift Announces Cardano Deployment Of Its Novel AMM DEX Via Milkomeda
Milkomeda is excited to announce that Blueshift, a new capital-efficient AMM DEX, has committed to launching on Milkomeda as one of the latest in a push to bolster Cardano DeFi at large.
Milkomeda is excited to announce that Blueshift, a new capital-efficient AMM DEX, has committed to launching on Milkomeda as one of the latest in a push to bolster Cardano DeFi at large.
Blueshift’s goal is to take a large step forward in the world of Automated Market Maker DEXes by utilizing a novel approach based on liquidity portfolios and community-managed portfolio composition. Blueshift states that it will be able to offer low price slippage, low impermanent loss, and high APR on investments with their new protocol.
“Joining forces with Milkomeda was a game-changer on our journey,” says Igor Igor Mikhalev, CEO and Cofounder of Blueshift. “Milkomeda allowed us to tap into the great potential of Cardano while integrating everything smoothly, thus allowing us to create the product we envisioned from the outset.”
Milkomeda unlocks opportunities for DEXes like Blueshift to take advantage of the liquidity of multiple Blockchain ecosystems from day 1. With the first Milkomeda deployment being on Cardano, this opens up the gates for Ethereum and Cardano assets to be tradable against one another, something that has never been possible before.
Moving forward DEXes will be able to take advantage of so much more. Milkomeda’s plan includes launching in the Algorand, Solana, and Terra ecosystems, thus allowing both the DEXes themselves, and as such the users as well, to enjoy access to new pools of liquidity and trading pairs.
“AMM DEXes have a proven track record showing that both users and liquidity providers prefer to use them on a daily basis. We are excited to see projects such as Blueshift pushing out new AMM technology on top of Milkomeda, thereby offering the Cardano ecosystem an opportunity to be the first to try it out.” stated Nico Arqueros, CEO of dcSpark and contributor to Milkomeda.
About Milkomeda:
Milkomeda delivers EVM compatibility to the leading Layer 1 ecosystems by offering the most popular smart contracting language, Solidity, while enhancing inter-blockchain interoperability, user experience, and developer traction, all at the Layer 2 level.
Website: https://www.milkomeda.com
Docs: https://dcspark.gitbook.io/milkomeda-getting-started/
Twitter: https://twitter.com/milkomeda_com
About Blueshift
Blueshift introduces a new capital-efficient and community-driven AMM digital exchange protocol. It is based on liquidity portfolios with low price slippage, low impermanent loss, and high APRs on investments.
Website: https://blueshift.finance/
Twitter: https://twitter.com/blueshiftfi/status/1417857650122006531
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