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Astra DEX and P2P Marketplace
Astra DEX and P2P Marketplace
  • ❓What is Astra?
  • 💱Astra Product Walkthrough
  • 🔜Coming Soon
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What is Astra?

NextAstra Product Walkthrough

Last updated 9 months ago

Astra, the Crypto Decentralized Exchange and Peer-to-Peer marketplace, offers a novel platform for users to engage in secure and efficient cryptocurrency trading. Its initial design will offer users unique shared liquidity opportunities, as well both a liquid DEX and a static P2P marketplace.

Background:

A decentralized exchange (DEX) is a type of cryptocurrency exchange that operates without the need for a central authority. This means that users can trade cryptocurrencies directly with each other, without having to go through a third-party intermediary.

To facilitate trades, DEX’s like Astra create liquidity pools (LP). These pools are essentially smart contracts that hold a specific pair of cryptocurrencies, allowing users to trade between them. Liquidity providers (LPs) deposit their cryptocurrencies into liquidity pools in exchange for a share of the trading fees generated by the pool. This provides liquidity to the DEX, making it possible for users to trade quickly and efficiently.

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