#DeFi #Adoption #PoweredByMatic

India’s largest exchange, WazirX, to launch an automated market maker (AMM) DeFi protocol on Matic Network! 🤝

Binance-owned exchange WazirX is launching an AMM DEX, enabling users to swap crypto assets in a decentralized manner and earn fees by providing liquidity.

WazirX has chosen to build on Matic to overcome the current performance bottlenecks of the DeFi space via our high-speed, low-fee infrastructure.

DEX features:
• Decentralized exchange for pair swaps
• Liquidity provider pools for passive interest
• Accumulate WRX for utilizing the protocol
• Low slippage + instant confirmations

We’re thrilled to be working alongside WazirX to further the DeFi movement! This is just the beginning of our DeFi activities: DeFi projects are quickly recognizing the necessity of Layer 2 and we're seeing huge interest 🥂

🌐 Read more: https://bit.ly/2Y2Uq4F

Retweet: https://twitter.com/maticnetwork/status/1294544417278181376

Reminder: you do NOT have to participate in "the latest hot defi thing" to be in ethereum. In fact, unless you *really* understand what's going on, it's likely best to sit out or participate only with very small amounts. There are many other kinds of ETH dapps, explore them!