India has many crypto exchanges and the more the competition its better for us (users) With wazirx, Coindcx etc having orderbook Remitano is going with different approach. AMM for FIAT-CRYPTO pair.
What is AMM pool?
An automated market maker (AMM) is a tool used to provide liquidity in decentralized finance (DeFi). They are used to enable the automatic trading of digital assets. They do this by using liquidity pools as a replacement for traditional buyer and seller markets.
You see in the image even with 10k USDT trade the slippage is only 0.27% which is much better compare to other exchanges where you have to either wait for buyer or sell for higher slippage.
You can also provide liqudity with USDT/INR and earn fees, just like other DEX. Currently the APR is not so good, because they just launched this and volume is low.
But with AMM, more the Volume = more fees and more fees = high APR.
You can see in the image that, with Nigeria and Vietnam the APR is 20-30% with close to none impermanent loss, bcz the beauty of FIAT/CRPYO STABLE coins AMM.
Remitano.com operating in Indian and since 2016 and established in 2014. Its one of the biggest exchange in Vietnam, Malaysia, Nigeria, South Africa and other 32+ countries.
Just one more option for Indian users to arbitrade or get better USDT rates.
#NFA
#DYOR
Topic: First ever FIAT/CRYPTO AMM on centralized P2P exchange. Remitano.com (Read 114 times)
Jump to: