Deepwaters is a DeFi project that aims to revolutionize the way exchanges work. It brings the trustlessness of DeFi to centralized finance, building the first provably fair centralized exchange. Essential information for their token is available on the MEXC Digital asset introduction page. Furthermore, we are listing (WTR/USDT – Trade it here) on our Innovation Zone, check it out now!
What is Deepwaters Trying to Solve?
Current exchanges face significant challenges that put traders at a disadvantage. These problems can be broadly divided into two categories: lack of confidentiality and poor integrity of the order flow, and violations of the custody of customer funds.
The lack of confidentiality and poor integrity of the order flow leads to front-running, order flow reordering and blocking, spread deterioration, poor fill rates, privileged rent-seeking, and other issues that negatively impact traders. Violations of the custody of customer funds, such as rehypothecation and commingling, result in customer funds loss, particularly during tail risk events.
While decentralized financial platforms have attempted to solve these problems, they have brought about a new set of issues that are similar to those seen in traditional markets. Inefficiency, poor execution, and loss of funds are just a few of the problems that DeFi has faced. Efforts to solve these problems have often come at the cost of decentralization and/or trustlessness, which is the current paradigm in which markets are trapped.
To address these challenges, new approaches are needed that provide the benefits of decentralization and trustlessness while also delivering efficient and secure trading experiences. Therefore, Deepwaters is attempting to solve these problems with its hybrid architecture and confidential computing features, which aim to provide privacy and security for users while maintaining high levels of efficiency and throughput. By addressing these challenges, we can create a new paradigm for trading that benefits all users and restores confidence in the markets.
How Does Deepwaters Work?
Deepwaters uses a hybrid architecture that combines centralized and decentralized components. The centralized components include a system of market makers and liquidity providers that work together to provide liquidity and price stability on the platform. The decentralized components include the DEX, which allows users to trade assets without intermediaries, and the blockchain, which provides transparency and security to the platform.
The market makers and liquidity providers play a key role in maintaining price stability on the platform. These entities provide liquidity to the DEX and use a proprietary algorithm to stabilize the price of the WTR tokens and prevent sudden price fluctuations. The use of market makers and liquidity providers is a unique feature of Deepwaters that sets it apart from other DeFi platforms in the space. For more information, do check out their whitepaper!
Is Deepwaters a Good Investment?
Deepwaters is a new and interesting project in the DeFi sphere. It is garnering a lot of attention and people are loving it. Overall, it is a good project with great potential. Therefore, users can try for short and long-term investments. However, It is important to conduct your own research and due diligence before making any investment decisions. This is not financial advice.
Where to buy WTR Token
You can find WTR Token here at MEXC! We are listing WTR/USDT in our Innovation Zone!
What is the Price of WTR Tokens?
WTR price is coming to MEXC soon! You can check the live price of their token right here!
How to buy WTR Tokens
You can buy WTR Tokens on MEXC by following the steps:
- Log in to your MEXC account and click [Trade]. Click on [Spot].
- Search “WTR” using the search bar to see the available trading pairs. Take WTR/USDT as an example.
- Scroll down and go to the [Spot] box. Enter the amount of WTR you want to buy. You can choose from opening a Limit order, a Market order, or a Stop-limit order. Take Market order as an example. Click [Buy WTR] to confirm your order. You will find the purchased WTR in your Spot Wallet.
You can find a detailed guide on how to buy WTR Tokens here.
Keep Yourself Updated With The Crypto Trend
Check out all of the listings in the Innovation and Assessment zones as well as the major tokens in the Main Zone – we have more amazing projects to come! What’s more, MEXC lists moonshots and offers access to trade major cryptocurrencies. Visit the Hot Projects section as well to uncover more featured popular tokens. Lastly, feel free to visit MEXC Academy to learn more about cryptocurrency!
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