Discover more from Picolo Research
Polkastarter (POLS) Review
An independent review of Polkastarter
A permission-less DEX for cross-chain token pools build on Polkadot
Polkastarter is a hybrid of Uniswap, Primablock and Bounce build on Polkadot ecosystem. A permission-less DEX with interoperable token pools and simple KYC features, enabling cheap and fast token swaps and fundraising for new projects. Polkastarter aims to tackle the problems of high ETH network fees and slow platform performances present in current DEXes.
The increasing trend in monthly volumes for DEXes also comes with its shortcomings with high network fees and slow platform performances, particularly on the Ethereum network. Polkastarter aims to tackle these problems by utilizing the Polkadot ecosystem to enable higher throughput and cheaper transactions while at the same time still being connected to other blockchains for liquidity.
Polkastarter’s vision is to create an interoperable DEX for users to participate in a decentralised yet secure and compliant environment. The liquidity pools will include a variety of swap mechanics (such as fixed ratio swaps, dynamic ratio swap) and fundraising auctions (dutch and sealed-bid auctions). It will also enable permission-less listings, token swaps with smart contracts, private pools with password-protected function, whitelisting and high slippage price alerts – resulting in additional use cases that include cross-chain swaps, OTC trades, and crowdfunding with whitelisted addresses.
Theres still alot more to this report…
Thanks for reading Picolo Research! Subscribe for free to receive new posts and support my work.