Maiar Exchange works as a so called Automated Market Maker (AMM). Sounds complicated, but isn’t. An AMM is a protocol on a decentralized exchange and a core concept of the DeFi ecosystem. Instead of using an order book like a traditional exchange, assets are valued according to a mathematical formula – in this case a pricing algorithm.
Great news from Elrond: the in-house platform Maiar Exchange has been released on Devnet for final testing. Maiar Exchange is a decentralized online marketplace (DEX) for global and low-cost trading of tokenized assets, enabling its users to build passive income. For maximum performance, Elrond relies on the power and scalability of the Elrond network.