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DEFI FACE MAJOR ISSUE DUE TO ACCESS TO LIQUIDITY

DEFI FACE MAJOR ISSUE DUE TO ACCESS TO LIQUIDITY 

Cell Protocol is a so-called smart automated market maker that uses bots to try to provide better revenue. Its creator can say “right,” too.


"We want to create democracy for the end users of the CLOBs DEXs," leading Cell Cellocol strategy and co-founder or co-founder Felix Xu, referring to "a separate medium-order book trade." This is a type of open crypto trade that uses the same order book as you might find in the traditional commodity markets.


It is a tool for "financing as professional market builders," explains Xu.


Xu, along with his anonymous founder @ 0x5_7, believes that CLOBs are the future of a world-divided trade. Today, many DEXs use the so-called "automated market maker" to trade - like the famous Uniswap Ethereum. But Solana-based CLOBs like Mango Markets and Serum are growing.


You probably "should be a facilitator" to make sense of current CLOBs, says @ 0x5_7. "You have to know how to enter the code to give money. That prevents many DeFi users," he said.



Although small in the DeFi world - Cell has only $ 250,000 of total locked key (TVL) - it has big ambitions. It seems to dominate the deal in the provision of cash. It was launched in August 2021, and "began to market" the land of Solana.


So it is not surprising that Cell is the final of the Web 3 Pitch Fest, a hackathon hosted by the Extreme Tech Challenge and the winners will be announced at CoinDesk's Consensus Festival.


0x5_7, a Chinese-based Stanford graduate who has requested anonymity, previously worked as an engineer at Coinbase doing blockchain integration and identification services. Wu is a self-proclaimed "serial blockchain entrepreneur" who co-founded the ARPA confidentiality network with Bella Protocol. (To maintain anonymity of some of its founding members, Cell Protocol uses non-affirmative token characters.)


Cell Protocol plans to expand "horizontally and vertically" and become an integral part of purchasing revenue across DeFi. The next step includes other DEX in Solana which include Serum, Drift and Zeta Markets as well as extensions for other blockchains.


"We are expanding to multiple networks and agreements," said 0x5_7. "It's like building an integrated layer of liquidity over DEX ... where we can invest with users in our DEX."

Source: yahoo




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