Dexalot users will be able to deposit and withdraw assets on the Avalanche C-chain and then trade on the Dexalot subnet through the released app.
Decentralized exchange (DEX) Dexalot aims to combine the user experience of centralized exchanges (CEX) with the transparency and decentralized nature of a DEX.
Dexalot Aims for a Better User Experience with Hybrid DeFi Network
Decentralized cryptocurrency exchange Dexalot has launched its Layer-1 protocol Avalanche as a Subnet, which seeks to combine the user experience of centralized exchanges with the transparency and decentralized nature of a DEX.
According to a press release, Dexalot users will be able to deposit and withdraw assets through its app on the Avalanche C-chain and then trade on the Dexalot subnet.
The press release from the company said that the communication between the mainnet and the subnet will be via message passing using inter-chain communication protocols. The company added that this could reduce slippage in trading practice and allow traders to have confidence without giving up custody of their assets.
In this context, it refers to the difference between the expected price of a transaction and the price at which the transaction is executed. Slippage tends to occur when markets are volatile.
