Introduction
Last updated
Last updated
Perpetual futures are one of the hottest trading products in finance that allow traders to profit from the price risk of a particular financial instrument without actually owning the underlying asset. Previously, only well-known centralized platforms offered those trading products. However, since the fall of FTX, users have been more concerned about securing their funds and the other potential risks of centralized exchanges. Not your key- not your coin. That’s why more users are now moving to trading on a DEX as an alternative to CEX’s.
From the team that brought the highly respected Yummy Finance, we are proud today to introduce Yummy Finance, an All-in-One DEX implementing cutting-edge technology to provide traders with an unparalleled experience to reshape the concept of trading on the Berachain network. Time to trade blue-chip tokens today with Yummy Finance.
Yummy Finance is a swap and perpetual All-in-One DEX on Berachain that offers a variety of trading options and high liquidity for a wide range of blue-chip crypto assets. The platform represents a new type of decentralized exchange due to the innovation of its developers.
Yummy Finance aims to become the solution for all traders who want to keep control of their capital and enjoy the best trading experience on Berachain, with distinctive advantages:
Pyth price feeds determine when liquidations occur. This keeps positions safe from temporary wicks.
Enter and exit position with minimal spread and zero price impact. Get the optimal price without incurring additional costs.
Open positions through a simple swap interface. Conveniently swap from any supported asset into the position of your choice.
Berachain is a high-performance EVM-Identical Layer 1 (L1) blockchain utilizing Proof-of-Liquidity (PoL) to solve stake centralization, build security via liquidity, and better align protocols, validators, and stakers.
Proof of Liquidity is an innovative and novel consensus mechanism that addresses key issues inherent in today’s Proof-of-Stake (PoS) systems. PoL aligns network security and liquidity by having validators reward liquidity providers on Berachain with the non-purchasable staking token of the network- BGT.
Builds Security via liquidity
Aligns protocols, validators, and stakers
Solves stake centralization
Validators direct network emissions towards decentralized dApps on the Berachain
Is EVM-identical and compatible with all existing Ethereum ERCs and opcodes
Berachain’s innovative approach to blockchain design aligns with the Yummy’s team’s proven innovative approach to protocol and DEX design. Being EVM-Identical allows us to seamlessly build on the network and integrate into the ecosystem in a fast, secure, and robust way.
Berachain’s framework, Polaris, offers us the high scalability, interoperability, and flexibility needed to develop Yummy as a premier protocol on the chain. And its EVM compatibility ensures access to a plethora of assets developed in the Ethereum ecosystem.
We are particularly excited by Berachain’s unique PoL mechanism and the opportunities it allows us as a protocol to operate on the blockchain. Berachain’s fertile ground for innovation, its compatibility with Ethereum frameworks, and the advanced features built into its Cosmos SDK provide us a unique environment to build a sophisticated and innovative DeFi application- Yummy Finance.
And our users benefit just as much from Berachain, enjoying fast transaction times, reduced costs, and enhanced security and liquidity, all while enjoying the rich features and ecosystem being developed on the network.
A multi-asset pool — the solution for trading without price impact: For every X amount of assets deposited in the pool, and equivalent dollar amount of index tokens, named $MGLP, are minted. A liquidity provider can withdraw at any time by burning $MGLP in exchange for any asset in the pool This is why Yummy Finance can be used to swap large volumes without price impact.
Blockchain technology and oracle pricing: To set the price of each asset, the platform aggregates Pyth price feeds. Pyth’s pricing mechanism benefits leverage traders in a huge way because it reduces the risk of liquidation from the temporary wicks.
In addition, Yummy Finance has unique innovations that put it ahead of both CEXs and competing DEXs
