Omnidex is the Telos EVM's first native decentralized exchange.
The Telos EVM blockchain hosts OmniDex, a decentralized exchange. OmniDex allows investors to avoid many of the possible drawbacks of investing in other networks by using this super-fast, scalable network.
OmniDex is a decentralized trading platform that uses an Automated Market Maker (AMM). You don't have to trust anybody else with your tokens since everything you do on OmniDex is routed via your own wallet. When you conduct a token swap deal on the exchange, you'll be charged a 0.25 percent trading fee, which is split up as follows:
👋0.17% is returned to Liquidity Pools and allocated to LP providers as an incentive.
👋0.04% - Sent to the OmniDex Treasury to help support future projects
👋0.04% - Used to support the platform's continuous development.
👋APR > 1000% Ultra High APR
👋EVM 10K Tps (Extremely Fast)
👋Fees are low
👋Protection from frontrunners
👋First native decentralized exchange.
Members of the Telos community laid out the concept for OmniDex in December 2021, with the goal of creating a native trading platform to meet the demands of the growing community. Omnidex was established to service this fast-expanding community and to attract new users to the incredible Telos platform.
For your information, Omni is the mascot, a personable, warm-hearted character, and a central figure of the community.
And if you want to open a Telos EVM Network wallet in your Metamask. just import the following RPC into Metamask or any custom RPC wallet to create an account:
Load balanced main RPC URL: https://mainnet.telos.net/evm
US RPC: https://rpc1.us.telos.net/evm
EU RPC: https://rpc1.eu.telos.net/evm
Network/Chain Name: Telos EVM Mainnet
Chain ID: 40
Currency Symbol: TLOS
Main Block Explorer URL: https://teloscan.io/
US Explorer: https://rpc1.us.telos.net/v2/explore
EU Explorer: https://rpc1.eu.telos.net/v2/explore
If you want to have a TLOS Native account (has a wallet address of "12 characters/like a username"), well, you need to open a Telos Account, visit this link: https://wallet.telos.net. The site will require you to use a Signer. A signer will authenticate/confirm any transactions that you make in the telos wallet. You may use Anchor app by Greymass https://greymass.com/en/anchor/
Well, if you have more questions to ask, you are to ask in the comment section below. 😉