Capital DEX Goes Gasless with SKALE
Zug, January 5, 2022 — Recently we asked our community which event in the CurioDAO pipeline they were most excited about. The vast majority said… SKALE!
Now the wait is finally over: Capital DEX is live on SKALE mainnet, providing the very first AMM and yield farm on SKALE, powered by CurioDAO’s native token, $CGT. This means Capital DEX users can now enjoy lightning-fast, gasless trading, thanks to SKALE’s fully decentralized, Ethereum native, multichain scaling solution. This represents a major step for CurioDAO in their commitment to an accessible and inclusive multi-chain future.
“We’re excited to see how CurioDAO has continued to raise the bar on tokenization of assets and decentralized applications. Now built on SKALE’s network we believe they have a powerful combination for bringing their Dapps to millions of consumers globally.” said Fabio Tomaschett, Director of Business Development and Operations, NODE foundation.
Yield farming has been a core feature of DeFi ever since Compound started distributing their COMP token in June 2020. On Capital DEX, those who contribute to the Curio protocol in a relatively simple but essential way, providing liquidity, are rewarded with Curio Governance Tokens (CGT). The pools for these rewards are DAI-CGT, ETH-CGT, SKL-CGT, USDC-CGT, LINK-CGT, CSC-CGT, wCT1-CGT. CGT has a number of functions throughout the CurioDAO ecosystem, including voting for key protocol actions, and purchasing NFTs on Rollapp, CurioDAO’s Real-World Asset NFT launchpad. Soon we will start distributing $SKL rewards (SKALE Network Token) to liquidity providers staking their SKL-CGT LP tokens.
Rollapp’s full integration with SKALE is underway, and will follow shortly after the launch of Capital DEX on SKALE mainnet. Capital DEX is also deeply integrated via API with Rollapp, a launchpad built for NFTs representing physical collectible assets such as cars, fine wine, watches and more. The integration of Capital DEX and SKALE is already great news for Rollapp users, who can now benefit from gasless swaps.
Clearly, gasless Real-World Asset NFT minting and trading secured by Ethereum will help onboard a critical mass of eager traders, investors and creators locked out of the often needlessly expensive and exclusive NFT market. “As Ethereum’s high gas fees become impossible to work with, when the cost of a USDT-ETH swap can reach 200 USD on Uniswap, and when NFT minting costs are through the roof, CurioDAO and SKALE give users the ultimate solution. We are very pleased to offer zero-cost swaps, followed by gasless NFT minting on our Rollapp marketplace,” says Vladimir Kislinskii, co-founder and CTO of CurioDAO.
Our partner at Skynet Trading is providing liquidity for traders. “Skynet Trading is excited to be working with CurioDAO,” says Pancho Vanhees, co-founder of Skynet Trading. “CurioDAO is utilizing SKALE technology to provide gasless mining and trading of assets in their marketplace and AMM. Skynet Trading brings its expertise in liquidity and trading to further stimulate the growth of their ecosystem”.
Useful links:
Guide/steps (bridge/add liquidity/farming):
Detailed guide: https://docs.google.com/document/d/1WUqHIWWIOg_lGUOM69VB9_jWKzQUBy1A/edit?usp=sharing&ouid=116786742432966378842&rtpof=true&sd=true
In short: https://docs.google.com/document/d/1kEltTCgMAEXXRuk3vjAJ37oKj735m8cnPeJTFx--Siw/edit?usp=sharing
Bridge app: https://bridge.capitaldex.exchange
Capital DEX app: https://capitaldex.exchange/#/swap?network=skale
Capital DEX Info app: https://info.capitaldex.exchange
Metamask connection parameters: https://bridge.capitaldex.exchange/help
SKALE explorer: https://fit-betelgeuse.explorer.mainnet.skalenodes.com/
About Capital DEX
Capital DEX is a gasless decentralized exchange and yield farm on SKALE. It was launched on December 25, 2020 in Switzerland. Powered by Ethereum, Capital DEX uses a liquidity protocol based on the Automated Market Maker (AMM) algorithm to exchange ERC-20 tokens. Wrapped tokens of the world’s first tokenized Ferrari F12tdf by CurioInvest are now traded on Capital DEX. Chainlink Oracles are used to ensure the integrity of price feeds for the CT1 Ferrari token.
For more information, please visit:
Capital Dex | RollApp I CurioInvest | Twitter I Discord I Telegram I YouTube
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This press release shall not constitute an offer to sell, the solicitation of an offer to buy, or a solicitation of interest in any contemplated offering of, securities, nor shall there be any offer or sale of securities in any state or jurisdiction in which such offer or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Any offering of securities will be made only by means of a duly qualified offering circular, which can be obtained by qualified investors through our platform. Information about our offerings must be read in conjunction with such offering circular in order to understand fully all of the implications and risks of the offering of securities to which it relates.
This press release contains forward-looking statements, which include, but are not limited to, statements concerning the Company and its plans and projections, whether express or implied. You should not rely upon forward-looking statements as predictions of future events. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, as more fully described in an offering circular. In light of such risks, uncertainties and assumptions, the forward-looking events and circumstances discussed in this press release may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements.
