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”.
Guide/steps (bridge/add liquidity/farming):
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.
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