FalconSwap announced their partnership with DEXTools to ensure collaborative efforts towards the expansion of the Decentralized Finance (DeFi) ecosystem.
FalconSwap partners with @DEXToolsApp 🎉🎉
— FalconSwap (@Falcon_Swap) September 1, 2020
In the decentralized markets, DEXTools have been known for designing great tools that provide vital real-time information concerning the markets. As there has historically been a lack of such information, DEXTools has focused on providing information on Uniswap trading and is now expanding into other platforms.
Built on Uniswap, FalconSwap is a layer-2 scaling solution that extends towards other DeFi platforms like Balancer. Other platforms FalconSwap is aggregating include Kyber, Mooniswap, Bancor, and Airswap.
As a second layer Uniswap solution, FalconSwap aggregates all orders before sending said orders to liquidity pools. Apart from aggregating orders, FalconSwap has an engine that matches the integrated order in the second layer, while sending other orders to Uniswap and other exchange platforms. The result is that a good deal of the trading volume will actually be generated on FalconSwap.
FalconSwap and DEXTools partnership
In this strategic partnership, $DEXT will be listed when FalconSwap is launched. $DEXT will be a trading pair and will feature lower fees trading support by FalconSwap.
In addition to listing $DEXT, FalconSwap will add the $DEXT trading pair for its liquidity mining program. When this is done, users will be able to mine $FSW tokens on the FalconSwap platform while trading $DEXT.
When the exchange is launched, FalconSwap will be integrated on DEXTools and this will include data trading from the FalconSwap exchange. In reciprocation, FalconSwap will provide a means through which DEXTools can be integrated into its platform. This process will allow users to enjoy trading directly on FalconSwap through the DEXTools website.
From the plans stated, it is clear that the partnership between FalconSwap and DEXTools is focused on integration and adoption. This is expected to create more synergistic avenues for both platforms.
FalconSwap also partners with OpenPredict
As FalconSwap is working towards strategic collaborations, they have also partnered with OpenPredict, a protocol that is known for the creation of liquid options that hedge against the price risk of staked assets in DeFi protocols.
Read More https://t.co/euDyzl3Txo
— FalconSwap (@Falcon_Swap) August 31, 2020
Due to this partnership, FalconSwap will support the OpenPredict community, making them one of the first coins to gain support from FalconSwap.
Not only will they be one of the first coins to gain support from FalconSwap, but the OPT token will also be one of the first coins that will be used to mine FSW, the native token of FalconSwap.
These partnerships are clear proof that FalconSwap believes in collaborative efforts towards the advancement of the DeFi ecosystem.
Recently, Uniswap announced Token Lists, a new standard for creating lists of ERC20 tokens. Token List is an initiative from the Uniswap community aimed at improving discoverability and confidence in ERC20 token lists.