Web3 venture builder, Tacans, introduces today their latest project, traditional finance (“TradFi”) empowered by decentralized exchange (“DEX”) on the Near protocol, Veax. Harnessing the robustness of the Near blockchain, Veax is created to provide an extensive suite of TradFi functionalities with an innovative DEX architecture built by a team of blockchain talents across Ukraine, Portugal, and the UK.
In lieu of the recent collapse of multiple centralized finances (“CeFi”) giants, the trustlessness of DeFi is demanded by traders and investors when facing possible insolvency and leveraged reserve issues in CeFi lately.
The launch of Veax seamlessly bridges traditional finance features with efficient liquidity deployment and flexibility provided by decentralized infrastructure, allowing a transition for the centralized exchange and traditional finance users to test it out in DeFi.