As an analyst with a background in blockchain technology and decentralized finance (DeFi), I’m excited about the latest development from Cardinal Cryptography – the launch of Common AMM on Aleph Zero. This innovative DeFi platform is poised to offer user-friendly trading experiences, enhanced privacy, and increased liquidity within a multi-chain ecosystem.
Zug, Switzerland, May 21st, 2024, Chainwire
Expert: Cardinal Cryptography, the chief developer of privacy-centric blockchain Aleph Zero, unveiled today the debut of Common Automated Market Maker (AMM) – the inaugural mainnet launch of a new Decentralized Finance (DeFi) platform called Common. As a decentralized exchange (DEX), Common’s AMM offers an intuitive trading interface and integrates the MOST bridge connecting Aleph Zero and Ethereum networks, along with the initial deployment of the broader platform functionalities.
Introducing Common AMM and Bridging on Aleph Zero
Using the Common AMM launch as a foundation, Common aims to evolve into a comprehensive DeFi platform focused on enhancing trading efficiency, enhancing on-chain confidentiality, and increasing liquidity, all while allowing users to maintain full control over their assets. Leveraging research from Cardinal Cryptography and Nethermind, this multi-chain platform will surpass conventional trading experiences by providing an integrated, user-friendly application. Features such as a built-in wallet, smooth on- and off-ramp access, and IBAN account connections will set new benchmarks for convenience and financial integration.
On Aleph Zero’s platform, Common AMM represents the network’s dedication to ensuring on-chain anonymity, strong security, and superior performance, all wrapped up in an intuitive interface for users.
Key Features of Common AMM Now Live:
- Liquidity Pools and Farming: Allows users to provide liquidity and to potentially earn through farming, starting May 21st.
- Bridging: Common AMM includes a built-in bridge between Aleph Zero and Ethereum called MOST, which allows users to seamlessly move assets between the different networks.
- Swapping Mechanism: Enables straightforward token exchanges, to be enabled on May 23rd, after a liquidity building period.
Moving forward, Common is planning to broaden its horizons and transform into a comprehensive DeFi platform, as outlined in the Common Whitepaper. In the future, we can anticipate additions such as a confidentiality-preserving trading order book, advanced tools for institutional investors, and integration with Ethereum Virtual Machine (EVM) blockchains. These enhancements are grounded in Aleph Zero’s dedication to data privacy and regulatory adherence, catering to the ever-evolving needs of the decentralized finance sector.
Common Drops: A New Reward Initiative
At the same time that the Common Drops campaign is initiated, community members’ involvement will be recognized and remunerated. Initially, these tokens cannot be transferred but will eventually be exchangeable for CMN, our native platform token, following its official launch. To take part in Drops, users simply need to commit AZERO tokens and contribute liquidity to the Common Automated Marketplace (AMM).
For more information, users can refer to the latest blog post.
Navigating Regulatory Challenges with Privacy-Focused Solutions
As regulatory requirements change, Common provides a flexible solution that effectively combines rigorous compliance with strong safeguards for financial privacy.
Users can enjoy hassle-free trading on Common AMM now and keep up with the progression of the Common platform as it advances into the most comprehensive privacy Decentralized Finance (DeFi) solution in the future.
If you’d like to learn more about Common, please check out their website at https://common.fi/ for detailed information. Additionally, you have the opportunity to experiment with the app on the Aleph Zero Mainnet right now.
About Aleph Zero
Aleph Zero is a high-performance, layer 1 blockchain designed for both swiftness and data security, with a user-friendly development experience. Its efficiency levels approach those of traditional web2 systems, while strictly adhering to Zero Knowledge Proofs for robust data protection. With over 40 active use cases under development, Aleph Zero demonstrates its versatility in various industries and applications. These use cases are backed by an engaged community and expanding ecosystem of web3 apps, all nurtured by Aleph Zero’s initiatives.
For more information, users can visit https://alephzero.org/
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2024-05-21 20:07