Zilliqa (ZIL) Launches its First DEX of ZilSwap as a Gateway into Defi
Quick take: Zilliqa (ZIL) has launched its first decentralized exchange, ZilSwap ZilSwap was built by the team at Switcheo There is a plan to transition control of ZilSwap to a DAO, complete with a governance token ZilSwap is at the core of Zilliqa’s push into the DeFi space The Zilliqa Community is currently celebrating the launch of the blockchain’s first decentralized exchange aptly named ZilSwap. Plans to Transition Control of ZilSwap to a DAO Just like Uniswap, ZilSwap will allow owners of Zilliqa based digital assets to trade seamlessly using a constant product automated market maker and a permissionless liquidity protocol.
The team at Switcheo also provided a roadmap for ZilSwap in which they pointed out that their core goal, is to eventually transition control of ZilSwap to a DAO controlled through a ZRC-2 governance token. Zilliqa Stands to Benefit from the Launch and Use of ZilSwap The world of DeFi has caught the crypto-verse by storm since early June and notable decentralized exchanges have gained popularity such as UniSwap, SushiSwap and JustSwap.