Oasis Foundation Awards NEBY Grant to Launch DEX on Sapphire
NEBY brings deep liquidity, cross-chain swaps, and MEV resistance to DeFi on Sapphire
- NEBY was awarded an Oasis grant to launch a new DEX on Sapphire.
- NEBY’s DEX opens new opportunities with MEV-resistant trading.
- NEBY offers great UX with deep liquidity, low slippage, cross-chain swaps, and more.
The Oasis Foundation is excited to announce that it has awarded a grant to the NEBY team, who are gearing up to launch a decentralized exchange (DEX) on Sapphire. Set to become a flagship DEX in the Oasis ecosystem, the NEBY platform will be equipped with a range of features that improve the DeFi experience on Oasis.
Built exclusively for the Oasis ecosystem, NEBY taps into Sapphire's scalability and confidentiality to ensure smooth, fast, and MEV-resistant transactions. NEBY also enables cross-chain swaps so users can trade assets from other blockchains even while the DEX operates solely on Sapphire. Assets like liquid-staked ROSE can also be used as collateral, which allows new projects trading on NEBY to easily spin up liquidity pools.
NEBY's user-friendly interface – built on a Uniswap V3 fork – takes some of the headaches out of yield farming and makes trading effortless for anyone. NEBY is built to offer deep liquidity and low slippage to ensure traders get optimal execution across all pairs. Liquidity providers also get full control with customizable reward options, and listed projects can lock liquidity while still accessing rewards. Stakers can lock their NEBY tokens to claim 100% of protocol fees. Altogether, these features offer a balance between community trust and operational flexibility.
Founded in early 2024, the NEBY team leverages a diverse background with the goal of becoming the go-to DEX on the Oasis Network. "We're focused on building a secure, efficient, and easy-to-use platform that pushes Oasis adoption forward," said Neri Ihitz, NEBY’s Head of Product. The team is on track for a full launch by Q4 2024, with cross-chain swaps and clAMM liquidity set to go live by the end of this year.
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