Venom - Decentralized Exchange Case with Tor & AWS Implementation
Challenge
Develop a PancakeSwap-like decentralized exchange (DEX) with features like Tor integration, forking, and enhanced security and privacy.
Create decentralized crypto exchange that allows users to swap tokens, manage liquidity pools, and earn rewards on farming.
Develop a PancakeSwap-like decentralized exchange (DEX) with features like Tor integration, forking, and enhanced security and privacy.
Create decentralized crypto exchange that allows users to swap tokens, manage liquidity pools, and earn rewards on farming.
Solution
Comprehensive Open-Source Evaluation
The development team conducted an in-depth analysis of existing open-source decentralized exchange projects. This research allowed them to identify best practices, avoid common issues, and build a solution tailored to the client’s strategic goals.
Rapid MVP Development
Within four months, OmiSoft delivered a minimum viable product including essential DEX features: a Chrome wallet extension, a Swap tool for token trades, and a Liquidity Provider function. This allowed for early market entry and user testing.
Enhanced Privacy with Tor Integration
The team successfully integrated the Tor network into the platform. This ensured user anonymity without compromising system performance, addressing both security and usability requirements from the client.
Feature Expansion Post-MVP
After MVP delivery, two additional months were spent implementing advanced features such as token farming, a governance DAO, a network Bridge for interoperability, and a Vesting mechanism to manage token distribution transparently.
Comprehensive Open-Source Evaluation
The development team conducted an in-depth analysis of existing open-source decentralized exchange projects. This research allowed them to identify best practices, avoid common issues, and build a solution tailored to the client’s strategic goals.
Rapid MVP Development
Within four months, OmiSoft delivered a minimum viable product including essential DEX features: a Chrome wallet extension, a Swap tool for token trades, and a Liquidity Provider function. This allowed for early market entry and user testing.
Enhanced Privacy with Tor Integration
The team successfully integrated the Tor network into the platform. This ensured user anonymity without compromising system performance, addressing both security and usability requirements from the client.
Feature Expansion Post-MVP
After MVP delivery, two additional months were spent implementing advanced features such as token farming, a governance DAO, a network Bridge for interoperability, and a Vesting mechanism to manage token distribution transparently.
Results
Our client got a set of PancakeSwap-like services, saving time and money. By creating a fully functioning Broxus ecosystem-based DeFi platform, our team was able to exceed the client’s expectations.
The DEX app, like PancakeSwap, has achieved amazing market results. It has over 200,000 unique monthly users, demonstrating its increasing popularity. The DEX trading app, which was created in just 6 months, shows quick delivery of a high-quality product. It provides consumers with a robust and dependable experience, with an uptime of 99.95%, all thanks to the AWS implementation.
Overall, the Venom DEX app has established itself as a reliable platform in the decentralized exchange environment, gaining a large user base and becoming a popular choice among cryptocurrency traders and investors.
Our client got a set of PancakeSwap-like services, saving time and money. By creating a fully functioning Broxus ecosystem-based DeFi platform, our team was able to exceed the client’s expectations.
The DEX app, like PancakeSwap, has achieved amazing market results. It has over 200,000 unique monthly users, demonstrating its increasing popularity. The DEX trading app, which was created in just 6 months, shows quick delivery of a high-quality product. It provides consumers with a robust and dependable experience, with an uptime of 99.95%, all thanks to the AWS implementation.
Overall, the Venom DEX app has established itself as a reliable platform in the decentralized exchange environment, gaining a large user base and becoming a popular choice among cryptocurrency traders and investors.