Trade Okcash • OK is now on ApeSwap Finance

[OKupdates]

https://okcash.news/trade-okcash-ok-is-now-on-apeswap-finance-665fe5743a13
https://twitter.com/OkcashCrypto/status/1613155846682296320


Trade Okcash • OK is now on ApeSwap Finance



OK is now listed on ApeSwap over the Binance Smart Chain network.

Now you can trade OK on ApeSwap over the OK/BUSD pairs at:
https://apeswap.finance/swap?outputCurrency=0x523821d20a283d955f6205B4C9252779Cd0f964B&inputCurrency=0xe9e7CEA3DedcA5984780Bafc599bD69ADd087D56



What is ApeSwap Finance?

ApeSwap Finance is an Automated Market Maker (AMM) built on Binance Smart Chain for yield farming and staking. It's a decentralized exchange that gives users access to different financial markets for lending, payments, staking, and derivatives. Also, through alternative savings, users can get tokenized assets.

The protocol aims to decentralize most aspects of the traditional financial sector, such as credit, insurance, and others. Most of these services remain inaccessible by most societal members, especially those at the bottom pyramid and in underdeveloped countries.

With the use of blockchain services and crypto tokens, ApeSwap Finance pushes solutions to challenges in centralized finance. Some of these issues include mismanagement and third-party influences, hacking risks, arbitrary fees, and others. Thus, the protocol functions as a replacement to centralized institutions in loans, insurance, and derivatives.

Understanding the Operations of ApeSwap Finance

ApeSwap Finance functions as an Automated Market Marker (AMM). We'll give a little explanation of the operations of AMMs for a clear understanding.

Traditionally speaking, trading involves the creation of order books with prices recorded in them. As a public document, traders on a platform can easily access the order books. For traders that want to buy at the seller's price, they can input their bid.

However, there could be a mismatch between the price of the sellers and the biding price from potential buyers. Thus, there will be no trading occurring until one of the parties compromises with its price stand.

Normally, both the seller and the buyer want to make a profit. So the seller goes for higher prices while the buyer looks for lower prices. When the two stick to their stands on prices, there will be no market.

Thus, the only option is for a trader that will buy the product at the seller's price. That forms the role and function of Market Makers.

The market makers will trade with sellers that have high prices for their products. Also, they trade with buyers that demand low prices for products.

Thus, in the Defi ecosystem, ApeSwap Finance as an Automated Market Maker (AMM) operates with technological codes or smart contracts. These help to set a definite price for digital assets that trade on the platform. Through such automation, customers will always get the market prices.

Core Values of ApeSwap

    Accessibility. Create tools for users to leverage DeFi opportunities without the limitation of location, wealth, background, or experience.
    Transparency. Transparent governance and processes ensure the community to understand its goal.
    Security. Ensure the safety of the users and partners' funds as their first priority.

Learn how to use ApeSwap Finance with this short tutorial:
https://youtu.be/7Tu2XKJcnus

Learn more about OK:
https://okcash.co