Cerra.io entered the bull market with the AMM Swap Launch
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Profit sharing DeFi protocols have garnered a lot of attention recently, prompting projects to review their business strategy and allocate some revenue to their community.
Cerra.io has embraced this philosophy since its inception, and structured its architecture accordingly. Various DeFi tools, including P2P lending, AMM and derivatives, contribute payments to Treasury smart contracts, which are distributed among CERRA tokens. This translates into a platform owned by the community.
Cerra.io AMM Testnet is Live!
This represents a major achievement for the project, which marks the introduction of the second product in the DeFi hub to transfer payments to treasury smart contracts. The product is distinguished by several new features:
Streamlined, all-in-one design – prioritizing the user experience – the team opted for a unified interface where users can seamlessly perform a variety of actions, from basic swapping to fluid reservoirs or pool creations.
Decentralized oracles to be provided with free price sources – Cerra AMM token prices are set in inline datum, convenient through reference resources. This solution allows all Cardano dApps and Smart Contracts to access price oracles at any time. Plutus V2 – Represents a significant advance over the predecessor Plutus V1 in terms of modern contract language usage. This update provides significant benefits to the Cardano ecosystem, and compared to existing DEXs, this solution outperforms previously used iterations. This version significantly increases efficiency and performance by reducing block space demand and chain load during application usage. Cerra.io's AMM uses websockets for fast synchronization with blockchain state. This allows users to receive instant notifications about blockchain status changes within milliseconds, providing a real-time experience unprecedented from other AMM solutions on Cardano.
What's next for Cerra.io?
With the launch of their 2nd product, Cerra AMM, the team is now focusing on implementing a decentralized profit-sharing treasury model as a key feature of the platform as previously announced. This milestone marks the completion of the first cycle of product releases planned for the first half of 2024, unlocking the true potential of the platform. With the pre-sale phase ending on March 29, the remaining two weeks offer a great opportunity to get in on the project early.
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