LCX DeFi Terminal launches limit orders for Uniswap

By Ted Brockmeier On Apr 2, 2021

NEW YORK, 29th September 2020 / PRNewswire / – Liechtenstein-based LCX today announced the launch of Project Fire Salamander, LCX’s intelligent DeFi terminal for decentralized financial markets.

LCX DeFi Terminal, also known as “Fire Salamander”, is a decentralized trading platform that is based on Uniswap and enables limit orders for Uniswap DEX. The LCX DeFi Terminal is an intuitive dashboard for displaying all DeFi assets (all ERC20 tokens and ETH) and liquidity pools in a user-friendly interface. The market area on the LCX DeFi Terminal displays all of the trading pairs available at Uniswap to sell digital assets by name, total liquidity, 24-hour volume, 7-day volume, 24-hour fee and 1-year fee / liquidity based on the Filter and rate annualized 24-hour fees.

“Decentralized Finance (DeFi) has seen tremendous growth in the past few weeks, but the biggest growth in the entire industry is yet to come,” he says Monty CM Butcher, CEO and Founder at LCX. LCX found that the current systems have many shortcomings and challenges. Many users complain about the poor user interfaces and lack of detailed information. It is complex, time consuming, and difficult to keep track of and manage all balances, pools of liquidity, and assets. One of the most pressing problems that users face when trading on decentralized exchanges is the lack of functionality when buying and selling at a defined price limit.

The LCX DeFi Terminal enables traders to execute limit orders and place sell or buy orders at target prices with Uniswap. LCX developed a Layer 2 protocol as a secondary smart contract framework based on Uniswap’s blockchain system. The LCX DeFi protocol has an integrated price determination engine that monitors the price of each trade in sequence and automatically executes the limit order for Uniswap if the set parameters match.

About LCX:
LCX, the Liechtenstein Cryptoassets Exchange, is a fintech company for the global token economy. The LCX STO Launchpad as a tokenization platform from a single source for the automation of fundraising and investor management in the blockchain. The LCX terminal combines real-time and complete historical data on all cryptocurrency markets, news, social analysis and trading signals, powerful analysis, intelligent order routing and trade execution functions – all in one solution. LCX has now introduced DeFi Terminal as a decentralized trading platform based on Uniswap. LCX is headquartered in Vaduz with offices in Zug and New Delhi. To find out more, visit www.LCX.com and follow us on Twitter at @LCX.