CoralX brings together the liquidity of multiple DEXs to provide users with a broad pool of funds. At the same time, in order to ensure the security of funds, CoralX adopts advanced encryption protocols and multi-factor authentication.

CoralX aims to be the most innovative decentralized exchange (DEX) on Sei Network with all the necessary features in the protocol. By providing ample liquidity pools, CoralX enables users to access any supported trading pair at low cost and fast transaction times. In addition, users can quickly transfer assets to Sei through the CoralX bridge, and experience liquidity mining with the most attractive annualized rate of return in the ecosystem. Users can enjoy seamless, fast and secure token swaps on CoralX, while CoralX offers competitive prices and low fees, ensuring a hassle-free trading experience.

Based on Sei Network

Sei Network is a decentralized blockchain based on the Cosmos SDK, which is an intermediate between the application chain and the blockchain Layer1, and utilizes a new method different from the existing order book-based DEX protocol. Sei Network transforms users' trading experience by combining off-chain speed with on-chain security. One of its standout features is the use of a single-block order execution mechanism, which eliminates the need for separate steps of placing and executing an order.

• Focus on specific transactions

Sei Network has become the blockchain of choice for DEXs, DeFi protocols, NFT platforms and gaming applications by tailoring its functionality to the needs of the entire cryptocurrency trading industry, which ensures that Sei can provide specific optimized solutions for the trading ecosystem .

• Performance enhancements

Sei Network redefines the transaction experience in the DeFi space by prioritizing performance, security and interoperability. At the same time, Sei Network's local order matching engine model is superior to the traditional AMM transaction model, improving transaction efficiency and liquidity.

• Safety Measures

Sei Network addresses security concerns by employing frequent batch auctions to mitigate the risks associated with MEV and front-end transaction risks.

• Facilitates Interoperability

Sei Network has reached strategic cooperation with well-known cross-chain infrastructure providers such as Axelar to enhance its bridging capabilities and establish seamless communication with other protocols.

Features

exchange

On CoralX, users can enjoy seamless, lightning-fast and secure token swaps. With CoralX's clean interface and competitive exchange rates and low fees, users will be more comfortable exchanging cryptocurrencies.

Increased Liquidity

By depositing assets into CoralX, users can contribute to the efficiency and stability of the market. As a reward, users earn transaction fees. This dual benefit enables users to support the ecosystem while rewards increase as the market develops.

• Classic pool: The classic pool is universal and uses the common x*y=k constant product algorithm to facilitate various types of transactions.
• Stable pool: The stable pool is specially designed for trading stable coins, using a hybrid algorithm that combines elements of constant product and constant sum mechanism.
• Concentration pools: Concentration pools are designed to dynamically concentrate liquidity around market prices, resulting in smaller spreads in current market prices.

Liquidity Mining

CoralX provides a variety of liquidity mining, users can mortgage LP tokens and get native CRX token rewards. Through liquidity mining, users can multiply their income. Users can explore CoralX's diversified liquidity mining to maximize returns.

Pledge

Users maximize their assets by staking tokens on CoralX, which not only helps secure the Sei Network, but also provides users with generous rewards. CoralX's staking feature provides users with a sustainable growth portfolio.

Launchpad

CoralX's launch pad enables the most promising projects on Sei Network to become a reality. We have strict standards for products, teams and communities to ensure excellent quality and the benefits of participants.

The launchpad on CoralX is where users join and incubate the most promising projects on Sei Network. Projects registered for fundraising on CoralX must undergo rigorous review in terms of product, idea, team, experience, and community, which will ensure that CoralX The quality of the agreement and the benefits of the participants on the launch board.

Cross-Chain Bridge

Through CoralX's cross-chain bridge, users can go beyond the boundaries of a single blockchain to tap the huge potential of multiple networks. At the same time, CoralX connects different blockchains, which can expand its own liquidity pool and trading opportunities, thereby reducing spreads and slippage, and improving transaction execution.

recommend

Users can unlock rewards by spreading the word through CoralX's referral program. At the same time, invite friends to experience Coral Exchange, and you can also get extra incentives.

Price Forecast

This feature allows users to speculate on whether $SEI or $CRX will end up costing more or less than when the "live" phase started. If at the end of the 5 minute real-time period, the closing price is higher than the locked price and the user enters an up position, the user wins. If the user guesses correctly, they will receive part of the reward pool for that round. The pool consists of participants depositing $SEI or $CRX and is distributed to the winner's party at the end of the stage.

Roadmap

Second Quarter 2023

During this period, CoralX focused on extensive market research to gain insight into user preferences and market trends. During the period of product release and test network deployment, CoralX provides users with a variety of choices by launching exchange, increasing liquidity, and key functions of liquidity mining. In order to ensure a smooth user experience and resolve any potential issues, CoralX launched a Beta test network with more than 6,000 testers joining and executing more than 24,000 transactions.

Poseidon Testnet

Based on the achievements of the Beta testnet, CoralX launched the Poseidon testnet on Sei Network. This marks a notable milestone in the development of the platform and brings it one step closer to mainnet deployment.

2023 Q3 and Q4

CoralX will focus on establishing strategic partnerships and expanding the ecosystem in the third quarter of 2023. In addition, the platform will also launch new liquidity mining to provide users with more choices. At the same time, CoralX aims to promote community development through a referral program, rewarding users who bring new participants to the platform.

CoralX will launch several key features in Q4 2023, including limit order options and perpetual trading. These additions will enhance the CoralX trading experience, providing users with advanced functionality. In addition, CoralX will undergo major upgrades in the trading user interface and user experience, ensuring intuitive interaction for all participants.

Partner

Integration Partners

CoralX partners with leading protocols to create a thriving ecosystem for DeFi enthusiasts. One of them is a partnership with SeaSwap, a well-known DEX built on the Cosmos network. The collaboration between CoralX and SeaSwap paves the way for the integration of $CRX and $SEA tokens. Cooperating users from both parties will be able to exchange and add liquidity on both protocols, opening up endless possibilities for the Seilors community. Seilors can now enjoy enhanced trading options and a more comprehensive trading experience.

Official Partner

CoralX’s official partnerships with over 20 potential projects on Sei Network show its commitment to driving the future of DeFi. Through these partnerships, CoralX enhances user experience, expands transaction options, and maximizes convenience, and most importantly, CoralX's strategic cooperation strengthens its influence.

Summary

CoralX brings together the liquidity of multiple DEXs to provide users with a broad pool of funds. Allows users to enjoy efficient trade execution, tight bid-ask spreads and low slippage. At the same time, in order to ensure the security of funds, CoralX adopts advanced encryption protocols and multi-factor authentication. In addition, CoralX enhances users' trading strategies through the latest features, helping users make informed decisions and gain market advantages. Users can broaden their investment horizons through CoralX, and transfer funds between different networks through seamless cross-chain bridges.