Baskadia

WHAT IS DEXE NETWORK

DeXe Network, or DeXe, offers a decentralized social trading platform, operating through the DeXe decentralized autonomous organization (DAO). As a decentralized protocol running on Ethereum, the largest smart contract-enabled blockchain, DeXe aims to offer a “one-stop-shop for DeFi trading”. The platform provides a wide variety of trading tools.

How Does DeXe Decentralized Social Trading Work?

DeXe Network offers an enticing range of tools and services for both new and experienced traders. Moreover, with decentralized social trading, DeXe rewards both the traders being copied alongside the followers

Firstly, DeXe users can take advantage of wallet information tools to choose which trader to follow. Then, users will lock their assets into a smart contract linked to the “DeXe Follow” smart contract. This releases a fully collateralized synthetic token with the value corresponding with the trader. Tokens are collateralized with real assets, while the value is dependent on the trader’s skill. Under the hood, traders continue trading as per usual while managing the DeXe Follow contract.

The DeXe platform allows users to copy multiple wallets simultaneously, enabling users to manage different trading strategies at once. Also, DeXe facilitates multiple tokens per trader so that users can copy multiple trading strategies from the same individual trader. Moreover, users are free to hodl or send the synthetic token whichever wallet address they like, with the trader copying protocol continuously