Overview

Velo Finance is a decentralized exchange (DEX) that allows digital assets to be traded automatically and permissionless by using liquidity pools instead of a traditional market of buyers and sellers (Order book). Initially, it will launch on Binance Smart Chain (BSC), but will also be able to run on several other networks in the future including Ethereum and our own Evrynet Chain.

For trading mechanism, Velo Finance uses a combination of Automated Market Maker (AMM) and Dynamic Market Maker (DMM), an all new protocol developed by Kyber Network. We decided to incorporate DMM as when compared to the traditional AMM model used in most other DEXs, the DMM made an improvement that allows flexible fee adjustment and dynamic pricing curve setups. This dynamic fee approach helps reduce the impact of impermanent loss and optimize capital efficiency.

With the combination of AMM and DMM, Velo Finance aims to bring a greater trading experience for all traders.