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9/19/2024 5:55:07 PM
DeFi liquidity solution from RDX Works
DeFi,Web3,Decentralized
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App Developer Magazine
DeFi liquidity solution from RDX Works

Blockchain

DeFi liquidity solution from RDX Works


Thursday, September 19, 2024

Richard Harris Richard Harris

RDX Works recently introduced Flash Liquidity, a DeFi liquidity solution developed with Keyrock, G-20, and Portofino, and backed by Instabridge. Flash Liquidity tackles fragmented DeFi liquidity by letting market makers offer liquidity without upfront inventory, enhancing market depth and efficiency on Radix.

RDX Works is excited to announce the development of Flash Liquidity, a groundbreaking DeFi liquidity solution being built in collaboration with leading market makers Keyrock, G-20, and Portofino, and powered by the VASP-registered token wrapping service Instabridge. 

DeFi liquidity solution from RDX Works

Flash Liquidity is set to solve one of DeFi’s major challenges—fragmented liquidity. By allowing market makers to offer liquidity without requiring upfront inventory on Radix, Flash Liquidity aims to unlock deeper, more efficient markets with liquidity and asset availability that is comparable to centralized exchanges, but all within a non-custodial DeFi setting.

"Today’s DeFi users face fragmented ecosystems and multiple barriers to accessing liquidity. Flash Liquidity is poised to revolutionize DeFi liquidity, bringing together the depth of centralized exchanges with the control and transparency of decentralized finance. This will create a seamless trading experience across the crypto market while upholding DeFi’s core values," says Piers Ridyard, CEO of RDX Works.

Radix as the ideal platform

Radix, a layer 1 purpose-built for DeFi, provides the foundational technology for Flash Liquidity. Its full-stack architecture - powered by the Cerberus consensus protocol and Scrypto programming language - enables the building of secure, scalable, and intuitive decentralized applications. Radix ensures that Flash Liquidity operates efficiently with faster transactions, reduced slippage, and scalability to meet market demand.

Transformative partnerships

Keyrock is a crypto market-making and liquidity provision firm supported by notable industry players, including Ripple, SIX Fintech Ventures, and Middle Games Ventures, among others. Founded in 2017 in Brussels, Keyrock offers services like on-chain liquidity provision, market making, OTC, and venture investments. They are active on 85+ trading venues and are well-known for their extensive collaborations with leading Web3 industry giants such as Binance, HTX, Kraken, and Crypto.com, to name only a few.

"While intent based trading on other platforms, like COW Swap, is growing quickly, our analysis shows that the diversity of traded assets remains small. Without the ability to cross-margin in the way that Flash Liquidity enables, market making effectively using intents is highly constrained. With the invention of Flash Liquidity this constraint is removed, and finally we can start to see DeFi liquidity and asset diversity start to really compete with centralized venues. We are excited to join RDX Works on this journey," says Juan David Mendieta, CSO of Keyrock.

Portofino Technologies is a global market maker in digital assets. Standing at the forefront of innovation, it brings unparalleled expertise and advanced technology to web3 disruptors and is dedicated to driving the evolution of digital markets, empowering traders, and enhancing the overall stability and growth of the digital asset ecosystem. Portofino provides deep liquidity on exchange and OTC on 100+ tokens to institutional clients and is a member of the Financial Services Standards Association (VQF), and is registered with the UK FCA and the BVI Financial Services Commission under the Virtual Assets Service Providers Act.

"Portofino has always striven to be at the cutting edge of liquidity provision in the crypto markets. We believe that Flash Liquidity represents the next era of what is possible in creating liquid token markets directly within DeFi. We are incredibly pleased to be supporting the development of this system and are excited to see what this means for the future of decentralized trading," says Leonard Lancia, Founder of Portofino.

G-20 is a leading market maker in the crypto space, renowned for its innovative strategies and strong industry connections. Active on over 60 crypto exchanges and a wide range of on-chain venues and protocols, G-20 ensures comprehensive market coverage. The firm partners with more than 50 token projects and serves hundreds of other clients, providing essential liquidity to token issuers, exchanges, and OTC counterparties. G-20 delivers liquidity across all instrument types including: spot, futures, and options.

"DeFi holds tremendous promise for the future of crypto markets, but the success of any market relies on efficient price discovery and seamless trading. History has shown that liquidity consistently gravitates toward the most efficient marketplaces. Radix's innovative solutions offer a promising path to achieving this efficiency, enabling price discovery independent of centralized exchanges—something DeFi has yet to fully realize. The G-20 team is excited to contribute to this groundbreaking project and to be part of the journey towards creating more efficient crypto markets," says Dr. Nagendra  Bharatula, Founder of G-20.

Building toward the future of DeFi liquidity

Building toward the future of DeFi liquidity

Flash Liquidity will allow Radix’s decentralized exchanges to offer liquidity and pricing that rival centralized venues. By eliminating the need for pre-funded positions, liquidity providers can reduce costs and pass on better pricing to traders. Whether for retail or institutional users, this system will simplify trading by aggregating crypto liquidity into a single ecosystem.

"Flash Liquidity isn’t just an improvement—it’s a breakthrough in how decentralized liquidity is managed. By enhancing capital efficiency, we’re laying the foundation for a more competitive and accessible DeFi," says Edward Adlard, CEO of Instabridge.

Radix’s top decentralized exchanges are already preparing to integrate Flash Liquidity, bringing deeper liquidity and better trading experiences to users.

"Astrolescent gets traders the best price for each swap by looking at all liquidity sources available, whether that is on-chain, cross-chain, and now even off-chain. Radix' new Flash Liquidity program brings a whole new dimension of liquidity sources to Astrolescent, while preserving the radically better user experience of its dApp and the Radix mobile wallet," says Timan Rebel, Co - Founder of Astrolescent.

"At CaviarNine, we are driven by our mission to provide seamless access to professional-grade innovative DeFi products. The Radix Flash Liquidity program is a major development, bringing unprecedented depth and diversity to liquidity across the crypto ecosystem. By integrating this unique solution, we're not just enhancing liquidity options; we're revolutionising the trading experience for our users, combining the power of on-chain, cross-chain and now off-chain liquidity with the seamless, user-friendly interface of the Radix mobile wallet. This is how we unlock the full potential of Decentralised Finance—by staying adaptable, forward-thinking and committed to our users," says Oliver Tronn, Co-Founder of CaviarNine.

"Ociswap is the Front Page of Radix, the platform for confidently exploring and exchanging tokens. Radix's new Flash Liquidity program solves the chicken-and-egg problem of attracting users and liquidity to bootstrap an exciting new ecosystem. It will also draw significantly more on-chain activity, active users, volume, and use cases that leverage the unique strengths of the Radix L1," says Lukas, Co-Founder of Ociswap.

A new era of liquidity for DeFi

As Flash Liquidity continues to develop, it is expected to become a cornerstone of Radix’s decentralized finance ecosystem. Once live, it will reduce costs, expand market reach, and dramatically improve trade flows. Flash Liquidity is positioning Radix as a preferred venue for both institutional traders and retail users, enabling them to benefit from cutting-edge decentralized finance opportunities.


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