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Swtcheo new partnership with Obolus to birth a new EOS DEX

FX Street
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  • Obolus is a research firm that offers both finance and blockchain solutions.
  • The EOS DEX is going to launch using a propriety staking system.

The very first decentralized exchange that launched on EOS blockchain Switcheo has announced a new strategic partnership with Obolus; a research firm that offers both finance and blockchain solutions. Switcheo, on the other hand, offers Ethereum and NEO trading. Moreover, the platform plans on commencing EOS tokens trading soon.

The new partnership will give Swicheo DEX customers to buy and sell on EOS blockchain. The service will be made possible through an on-chain matching engine designed by Obolus. The trading is completely trustless, fair as well as transparent.

To get users on the platform, the EOS DEX is going to launch using a propriety staking system. The system will pay the network fees for users while they use the exchange contract. The announcement says that this is the first-of-its-kind system because it will allow the trading of EOS tokens without requiring users to stake their EOS tokens.

 

 

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