DEX is a decentralized exchange service provided by Iskra, where you can exchange game tokens for $ISK or other tokens, and vice versa.
On Iskra DEX, all game tokens supported by Iskra platform can be traded. Because the Iskra Hub chain is like the IBC (Inter-Blockchain Communication) chain of the Cosmos in our ecosystem, DEX is a core service of our platform. DEX is where you can purchase game assets, swap them for assets of another game, or monetize them. Like most DEXs, Iskra DEX charges swap fees, which will be shared with the liquidity providers and the community in accordance with the community reward policy.
Iskra DEX supports AMM-based decentralized exchanges. To this end, There are liquidity pools of exchangeable token pairs. Anyone can participate as a liquidity provider(LP) by supplying these token pairs to the liquidity pool. The role of liquidity providers in DEX is very important because low liquidity can cause rapid fluctuations in token value. Therefore, Iskra will reward liquidity providers with an 83.33% of all DEX swap fees and high level of Contribution Points(CPs) compared to other platform activities to incentivize community members to supply liquidity. In addition to this, game studios that list game tokens on the Iskra DEX also are going to provide various benefits such as game assets to liquidity providers to maintain sufficient liquidity.
Note: Implementation schedule, technical details are subject to change. Please refer to the latest Roadmap and check back for updates.