Veax Labs Officially Launches Advanced NEAR-Based DEX on Mainnet, Introduces Major LP Incentive Program

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Schwarzenbach, Switzerland, April 27th, 2023, Chainwire

Veax Labs has officially launched its advanced decentralized exchange (DEX) on mainnet. Built on NEAR Protocol, the platform aims to seamlessly bridge features commonly found in the traditional finance (TradFi) with that of the decentralized finance (DeFi) market. Together with the launch of the platform’s mainnet, it has introduced the Veax Liquidity Provider (LP) Incentive Program, a unique opportunity to reward community members who commit liquidity to the platform, further accelerating its growth.

Since the platform’s public testnet launched in late January, over 12,230 users accessed the platform, creating over 120,000 liquidity positions and generating nearly 2 million native NEAR testnet transactions. Following the success of the platform’s public testnet, the team has developed a unique trading experience for the NEAR ecosystem, building on feedback received and implemented during the testnet phase.

“We have set out to develop a platform that will greatly enhance the trading experience on NEAR. Although some of our more advanced features are still under development, we are confident that the NEAR community will enjoy some of the features that will be available upon launch. One of the key features that users will be able to try out is our flexible fee levels which will optimize the trading experience for both regular traders and liquidity providers,” said James Davies, Chief Product Officer at Veax Labs.

“Our public testnet has proven to be highly successful, and we have received a lot of positive feedback from both