NEW: Wintermute_t backed decentralized exchange bebop_dex has launched on 0xPolygon. 0x_tracy reports
, a decentralized exchange incubated by crypto trading firm Wintermute, has launched on Polygon.
Compared to other DEXs, Bebop has the ability to trade a basket of tokens in a single transaction, a feature the project calls its signature “one-to-many” and “many-to-one” trading. "Imagine the future where you are able to convert any digital asset you own to any other asset, from an NFT collectible on one chain to tokenized crypto company bond issued on another,” said Evgeny Gaevoy, CEO of Wintermute, referring to non-fungible tokens.
Bebop says it chose to launch on Polygon due to the network’s “low fees, high speed and sustainable proof-of-stake model." Bebop firstBy decentralized finance standards, “Polygon fees are negligible, which is paramount for delivering this efficiency to all users, for any transaction size,” said Bebop’s head of product, Katia Banina, in a statement.Bebop’s announcement also coincides with several other recent partnership announcements for Polygon.
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