Zug, Switzerland, May 21, 2024, Chainwire
cardinal encryption, a leading developer of zero-knowledge, privacy-focused blockchain Aleph Zero, today announced the launch of Common Automated Market Maker (AMM), the first mainnet release of a novel DeFi platform general. Positioned as a decentralized exchange (DEX), Common’s Automated Market Maker (AMM) offers a user-friendly trading experience with a built-in bridge between Aleph Zero and Ethereum largelyand initial deployment of the platform's extensive capabilities.
Introducing Common AMM and Bridging with Aleph Zero
With the rollout of Common AMM, Common takes the first step into a multi-chain DeFi suite designed to optimize the trading experience by addressing trading efficiency, increasing on-chain confidentiality, and increasing liquidity. At the same time, it ensures complete storage status for users, rooted in the study. Developed by Cardinal Cryptography, nethermind, Common goes beyond traditional trading platforms by integrating a comprehensive all-in-one app experience. This includes a built-in wallet, seamless on- and off-ramps, and IBAN account integration, setting a new standard in user convenience and financial integration.
Launched with Aleph Zero, Common AMM embodies the network's commitment to on-chain privacy, robust security, and high performance within a user-friendly framework.
Key features of Common AMM currently available include:
- Liquidity pools and farming: Starting May 21, users will be able to provide liquidity and earn money through farming.
- Bridging: Common AMM includes a built-in bridge between Aleph Zero and Ethereum called MOST, which allows users to seamlessly move assets between different networks.
- Swapping mechanism: It will allow for easy token swapping and is expected to go live on May 23rd after a liquidity build-up period.
As detailed in the Common whitepaper, Common will be expanded into a full-fledged DeFi suite in the future. Future upgrades will include a privacy-enhanced order book, a comprehensive solution for institutional trading, and support for EVM-based blockchain. These features build on Aleph Zero's commitment to data privacy and regulatory compliance and address the needs of the evolving DeFi environment.
Common Drop: A new reward initiative
Upon release, a Common Drops campaign will reward community participation. These tokens are initially non-transferable, but after publication they will be redeemed for his CMN, the platform's native token. Users can participate in Drops by staking AZERO and providing liquidity with Common AMM.
For more information, please see the latest information. blog post.
Overcome regulatory challenges with privacy-focused solutions
As the regulatory landscape evolves, Common provides a robust platform designed to seamlessly blend strict compliance with financial privacy.
Users can experience seamless trading with Common AMM today and follow the development of the Common platform as it evolves into the ultimate privacy DeFi suite.
For more information about Common, users can visit: https://common.fi/ and read Common white paper. User has already Try the app on the Aleph Zero mainnet.
About Alephzero
Aleph Zero is a layer 1 blockchain designed for speed, data privacy, and ease of development. It is as efficient as traditional Web2 systems and maintains strict data protection standards with zero-knowledge proofs. The versatility of Aleph Zero is underlined by the fact that more than 40 use cases are under active development, demonstrating its adaptability to different sectors and applications. These use cases are part of an active community and growing ecosystem of Web3 applications supported by the Aleph Zero program.
For more information, users can visit: https://alephzero.org/
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Source: www.the-blockchain.com
