Introduction to Cardax DEX on Milkomeda

Getting started with Cardax on Milkomeda

We are happy to introduce Cardax DEX on Milkomeda. Launching our platform on Milkomeda allows our users to trade wrapped tokens (e.g. Wrapped ADA) with normal ERC-20 tokens. This is powerful because it allows you to finally trade Cardano native tokens for stablecoins, which is currently not possible on the Cardano blockchain.

What is Milkomeda C1?

Milkomeda is a groundbreaking new protocol that brings EVM capabilities to non-EVM blockchains. As development progresses, Milkomeda will expand to offer L2 solutions (rollups) for several major blockchains including Cardano, Solana, and Algorand. Currently, Milkomeda has an EVM-based sidechain connected to Cardano up and running.This the Milkomeda C1 sidechain.

Why did Cardax build its DEX on Milkomeda?

• Milkomeda provides non-EVM ecosystems the ability to inherit key elements such as rollups and Solidity support from EVM-based ecosystems.

• Developers have access to all of the tooling from the EVM ecosystem. Building, deploying, debugging, and auditing all work the same as in Ethereum. The capability for developers to port projects over from Ethereum will significantly broaden the selection of dApps available on supported L1 blockchains.

• Security consistency among deployments: Multi-chain deployed code has the same security properties, eliminating the need to do individual audits per chain.

• Future innovations in zero-knowledge technology will be implementable as L3+ solutions on top of Milkomeda.

• Milkomeda empowers Cardax to build on chains like Cardano, Algorand, and Solana while tapping into the talent and resources of the largest community for smart contracts (Solidity).

• Scalability. Using Milkomeda, Cardax DEX can scale to hundreds of transactions per second without sacrificing long-term decentralization.

Is Cardax DEX audited?

Cardax is using the Uniswap V2 Smart Contracts, which have been independently audited by several industry-leading auditing companies. See Uniswap V2 Audit Report

The validity of on-chain deployed contracts can be verified on launch, simply by comparing their bytecode to our GitHub repositories.

How can I make money on Cardax DEX?

You will be able to earn by providing liquidity into liquidity pools and from transaction fees that occur in those pools. Liquidity providers make 0.3% fees.