VeChain Foundation Welcomes New DEX To Its Ecosystem

The VeChain ecosystem continues to grow and recently saw the deployment of a new decentralized exchange (DEX). Called ZumoSwap, it was designed as an alternative to Vexchange, the automated market maker (AMM) and liquidity provision protocol already launched on this network. Related Reading | VeChain’s DEX To Launch Governance Token And Yield Farming Program In a Medium post, the team behind ZumoSwap addressed the questions most VeChain users must be making: why launch a new DEX when Vexchange is already functional? According to ZumoSwap, there is “something that doesn’t feel right” about its competitor. Inspired in Uniswap, the most popular DEX running on Ethereum, the team behind ZumoSwap presented data that suggest Vexchange could have higher fees for its users. In step of the standard 0.3% fee for slippage on Uniswap, Vexchange charges around 1% which represents a significant increase when compared to the Ethereum protocol. Therefore, ZumoSwap was created to meet users demand for a “native DEX” capable of providing them with an cost-efficient alternative and multiple features. The team behind the VeChain DEX claimed the following: After careful thinking, we decide to get rid of ALL Uniswap + Web3 code and build from scratch. This is a VeChain project, not one of the Ethereum dApp. The DEX should be able to integrate with “any wallets that VeChain provides” and operate with what the team called “one-click swap”. They c...