Decentralized finance, or commonly referred to as DeFi, has gained massive growth over the past year and continues on pioneering new models for individual financial autonomies and opportunities.
We are a group of enthusiastic and early adopters of the crypto world, that strongly believe the crypto world is the future. We understand the necessities of the crypto ecosystem and aim to bring as much real-world application using blockchain technology and make it more attenable and closer to everyone, even for someone who has just begun their crypto journey.
Why DuckyDeFi?
Not just me and not just you, it's us. In DuckyDeFi, we believe in our motto "By Community, For Community. We want to be as transparent and as fair as possible. That's why we adopt a fair launch protocol: NO PRE-MINT, NO SEED, NO IFO, and NO PRESALE.
What's even more, is that trading fees are lower than other decentralized exchanges too!
In the real world, most publicly accessible markets use a centralized style of exchange, or often refer to an Order Book style in which buyers and sellers create orders that organized by price level that are filled based on constantly shifting demands.
In contrast, in Decentralized Finance (DeFi), Automated Market Maker (AMM) model or sometimes referred to as a Constant Function Market Maker is used to replace the order book.
From a high-level view, an AMM replaces the order book market with a liquidity pool of two assets, which are both valued relative to each other. The price for these two assets will be re-determined whenever one of the assets is traded for another. In such a case, the buyer or seller trades directly with the pool instead, rather than with specific parties.
