The first decentralized exchange on the Internet Computer blockchain from the Dfinity Foundation went live this week, following the recent release of a new whitepaper. And according to information shared with Cointelegraph, there are already two other exchanges in the works.
The first version of the new DEX called Sonic was released on the mainnet on Sunday. Initially, there are only three pools for token swaps that use your Internet Computer Protocol (ICP) token: InterICP/WICP (wrapped ICP), ICP/XTC (Cycles Token (T:)), and WICP/XTC. Users can also earn rewards for providing liquidity.
Sonic, the first DEX to launch on the Internet Computer, is now live.@sonic_ooo offers a suite of DeFi products for the #InternetComputer blockchain, operating on a gasless AMM. ⛽️DeFi on the IC has arrived. https://t.co/IjClg4LRxo pic.twitter.com/CH3f3qgIVM
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