The last edition of ADAX Pro AMA session was held on October 17th, featuring the project’s CMO Dovydas Petkevičius and Lead Dev Architect Harold B.

ADAX, an automated liquidity protocol which facilitates trades in the ecosystem is a decentralized and non-custodial solution.

ADAX allows its users complete freedom of trade, without censorship or loss control. This is how it can be true to its claim to state-of-the artDEX attribute.

Because Cardano is widely anticipated to become the new standard-setter for crypto, and given the recently-launched Alonzo fork, investors recognize the network’s potential to challenge the embedded status quo of monopolistic and bureaucratic power structures within the world of crypto.

ADAX is an attractive alternative with innovative concepts in decentralized finance (DeFi), and new ideas for creating contract-based DEX platforms.

During their AMA session, Dovydas and Harold further expatiated on the project’s status and its future updates. The session was filled with over 30 questions. However, these were the main takeaways.

ADAX to Debut at the Right Time

The majority of the session was focused on technical updates, as expected for any AMA session involving a blockchain project. Harold, who is always available to answer technical questions, made sure that the discussions were centered around Harold’s constant technical updates.

According to him, there will be two main features debuting on the first version of ADAX Pro: ‘swap’ and ‘order book (LIMIT) orders.’ However, Harold did reveal that other basic features such as crypto sentiment, charts, etc., will also be accessible.

As for features that will not be immediately accessible at launch, Dovydas noted that there will not yet be on-chain staking, considering that the host chain itself is yet to support Cardano’s native token staking. Dovydas stated that the feature would be available once the on-chain staking organization is completed on the base network.

Harold explained that the ADAX Pro website’s user interface will not be as complicated than other DEXes. This is because they will use WebSockets.

Integration of the Wallet API is Still In Progress

Many early adopters expect the integration of various wallet APIs. Harold however explained that not all wallets will be included in the initial platform, like the Daedalus wallet. However, integration of some other wallets, such as Yoroi, Nami and Gero is on the horizon.

“Wallet integrations are going well. Multitasking is a priority. Nami, which is implementing Gero, is nearly complete. Yoroi, however, is still being developed.

Daedalus implementation will be planned following the initial release. We want DEX to be as easy-to-use as possible, with low barriers of entry. We are definitely committed to improving ADAX by bringing new mechanisms and features, including wallets,”
Harold described.

Hydra Upgrade Addresses Major Limitations, Like Parallelism And Concurrency

Cardano and many other blockchains are working to solve some of the remaining limitations.

If these issues are not resolved, they could also be a major problem that can impede the development of ADAX. Harold assured them that ADAX v.1 will not face any of these challenges.

Harold additionally noted that a new upgrade, dubbed Hydra, is in the works and that R&D is still ongoing to further eliminate any form of limitations that may surface or perhaps hinder the broader expansion of the network, particularly referring to other versions of ADAX that will be rolled out much later.

“Cardano is responsible for giving tools for developers to create something. It’s not their goal to provide solutions for concrete use cases, a.k.a. Giving AMM source codes. It’s up for projects and developers to complete these challenges,”
Harold added.

Harold further underlined that, although there are existing solutions to the concurrency problem, the vast majority use centralized approaches like ‘batching’ and ‘virtual execution or synchronization.’

Unfortunately, this is not feasible for DeFi apps. Therefore, Hydra which is currently in development, must be a viable solution.

ADAX Pro will use a Decentralized Order book in Genesis

Although the initial version ADAX Pro does not use the automated market maker (AMM) trading system, the order book will be maintained, although with decentralized modifications.

Harold believes orderbook is better known because it can be used anywhere, from stocks to cryptoto Forex to stocks. In his words, “it is fairly simple, doesn’t have slippage, and allows you to execute orders on wanted price (in other words in the future).”

AMMs, on the other hand offer passive income and a more attractive way to earn it. Herold claims that AMMs can be achieved using the orderbook method, which shares fee profits with holders and incentivizes makers.

Herold refrained from speaking further on how they are able to achieve decentralization with the orderbook model, noting that an actual AMM model is planned to be introduced in the project’s future.

Partnerships

Partnerships are critical to ADAX Pro’s growth, as evidenced by their ties with major Cardano ecosystem players such as Gerowallet and Stockgeist, which provide great insight into user behaviors through AI-driven social sentiment, and the recently added VyFinance.

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