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DeXFi, novel decentralized finance ecosystem on XRP Ledger, invites XRPL enthusiasts to access modern DeFi functionalities<\/p>\n<\/div>\n<\/div>\n
The team of DeXFi, a novel on-chain trading and lending ecosystem on XRP Ledger, has shared a demo of its operations. With its instruments, holders of assets on XRPL are able to benefit from non-custodial trading and on-click cross-asset swaps.<\/p>\n
DeXFi, a platform for non-custodial DeFi products based on XRP Ledger, has released a demo video to display its existing and upcoming functionalities. Through DeXFi, users can exchange various XRPL-based assets like XRP, Sologenic (SOLO), CasinoCoin (CSC) and various synthetic coins, in a non-custodial way.<\/p>\n
With its trading module, XRPL enthusiasts can enjoy a CEX-level UX\/UI and experiment with various types of limit and market orders. DeXFi’s interface looks like that of major centralized exchanges with an order book, price charts, trading history and so on.<\/p>\n
Through the “Swap” module, visitors can convert XRPL-based assets in a single click. Not unlike Uniswap (UNI) and PancakeSwap (CAKE), DeXFi allows users to set estimated price slippage before initiating a trade.<\/p>\n
In the “Strategy” module, traders can try automated order placement instruments. With a back-tested strategy, users can automate their trading processes.<\/p>\n
As covered by U.Today previously, another DEX on XRP Ledger, Magnetic (MAG), faces backlash over an alleged memo spam attack<\/a> that slowed down XRP transfers.<\/p>\n Besides existing trading and swap functions, DeXFi is going to release a peer-to-peer lending protocol, liquidity pools for various XRPL-based assets and fiat-pegged synthetics and a futures trading mechanism.<\/p>\n XRPL enthusiasts asked the team about the possibility of adding advanced trading features like sophisticated order types.<\/p>\nLiquidity pools, P2P loans and more to come soon<\/h2>\n