The Web3 City of Gold and Soon, the Web3 Empire of Gold.

El Dorado Exchange (EDE) is a Decentralized Perpetual Exchange and incorporates the beauty of other Decentralized Exchanges (DEXs) whilst providing a unique twist and an ecosystem driven focus.

Anyone can fork, but only few can iterate, and we have done just that. EDE is not a fork of GMX, but an emulation and evolution of something we respect. Using the core mechanisms found on the GMX protocol, we have adapted it to suit our future vision for the EDE protocol.

EDE is the first step in our journey towards Web3 dominance by providing a leveraged trading opportunity for hungry individuals seeking to make their mark and accumulate their own wealth of on-chain gold.

What Does El Dorado Exchange Offer

For each traveler journeying to the city of gold, there are three core offerings for each traveler to choose in order to make their wealth. These offerings are:

1. Leveraged Trading & Simple Swap function — Trade with leverage of up to 30x for top cryptocurrencies. Claim the wealth your knowledge and expertise enable for you. Participate in regular trading competitions for lucrative prizes. Perform simple swaps with no slippage.
2. ELP Liquidity Provider — Provide liquidity in the form of our indexed liquidity provider token, ELP. Enjoy a hedged token against market volatility whilst sharing 70% of platform revenue. Stake ELP and receive additional $EDE tokens. Multiple variants of ELP will exist, with different tokens forming the ELP pool, tailored to different risk classes of assets.
3. $gEDE Governance Token Holder — $EDE is the utility and tradable token for the El Dorado Exchange protocol and can be staked in curve-esque locking mechanisms for the governance token $gEDE. $gEDE enables governance rights over El Dorado Exchange, share of 30% of platform fees, and additional $EDE rewards.

Build the Web3 Empire of Gold

As we said, we aren’t just trying to build the Web3 city of gold, we are building the Web3 empire of gold. Here’s a peak at how we are doing it:

Creating The Next Evolution in Decentralized Perpetual Exchanges

Our vision is to iterate on a tried and true formula, creating one of the greatest on-chain Decentralized Perpetual Exchanges, for each and every user to profit from. User safety, fast transaction speed, diversified pool of tokens to trade, profitable & sustainable rewarding for liquidity providers, a seamless trading experience for every user and low transaction fees are just a drop in the ocean for what our vision demands of us.

To ensure our city of gold enjoys a long lasting golden age, our vision incorporates what we believe to be three essential pillars which form a successful DEFI ecosystem. These pillars are:

1. Functionality — A protocol functioning is one thing. A protocol with great functionality is another. The range of functionality your protocol provides must be inline with the scope of your project and each additional function must serve a valid purpose. Build it and they will come, but build something great and they will stay.
2. Adoption — A singular protocol may have an extensive reach, but providing adoption and use cases creates an ecosystem which will reach even greater heights. When adoption occurs, a humble protocol becomes a trend setter within the DEFI & Web3 space.
3. Greater Depth for Liquidity Providers — Liquidity providing is the cornerstone of DEFI. Liquidity providing incentives fuel the beginning of an ecosystem. Increasing the range of offerings to promote capital efficiency, such as borrowing potential or leverage mechanisms enables greater depth of your liquidity providing capabilities. This depth will attract more liquidity providers to your platform.

The Road to El Dorado is Fueled Through $EUSD

What is $EUSD you ask? Simply put, $EUSD is what will put EDE on the map and fuel the expansion of our ecosystem. $EUSD is a collateralized revenue-based algorithmic stablecoin. When we say revenue based, we mean revenue based. Through trading fees earned by the protocol, these fees are sent to the $EUSD reserve treasury. $EUSD is minted and paid to both ELP liquidity providers & $gEDE governance token holders.

Revenue defines the expansion of $EUSD supply and a reserve treasury ensures it stays collateralized. To incentivize holding $EUSD, we pay out additional $EUSD rewards to those who stake it. These rewards are NOT fueled by unsustainable growth factors such as double figure APR with no pairing mechanisms to support it’s collateralization, but rather fueled by $EUSD being overcollateralized.

All the Pieces Present to Build the Perfect Puzzle

El Dorado intends to expand throughout its native chain, as well as building on multiple chains, capturing the wealth that exists within the expansive decentralized space Web3 intends to build.

El Dorado aims at being not just a competitor to other on-chain decentralized perpetual contract protocols, but a leader within the market and ultimately, building an ecosystem that truly represents an empire of gold, wealth and success.

Stay tuned for more information regarding our testnet launch and IDO activities. Follow our twitter, join the discord, start participating in our journey together.

Twitter: https://twitter.com/ede_finance

Website: https://www.ede.finance/

Discord: https://discord.gg/