Blockchain infrastructure company THORChain is testing its new Asgardex decentralized exchange. According to a blog post that details what the company is trying to do with Asgardex, THORChain said the exchange is an “interface” with its own blockchain infrastructure that is “more secure, reliable and powerful than any existing digital exchange.”
Asgardex will allow users permissionless access as well as “on-chain incentivized liquidity and cross-chain compatibility while all ‘floating’ on top of THORChain. Asgardex is designed to allow for traders to arbitrage the market and perform instant trades, and allow for token holders to stake liquidity on-chain and earn a return while doing so,” the company said.
For now, you can make as many trades as you want on the system for free.