DeFi automated market maker IX.Swap debuts on Cardano-backed OccamRazer launchpad

IX.Swap, a pioneering DeFi liquidity pool provider and automated market maker for tokenized stocks and security tokens, is debuting on the Cardano (ADA/USD) backed OccamRazer decentralized launchpad. So far, this is the only launchpad to be backed by official Cardano entities. The IX.Swap IDO (initial decentralized offering) is set to go live on September 8, 2021.  

Amazing opportunity for passive returns on security tokens

IX.Swap gives security token holders a unique opportunity for passive yields on their holdings by enabling them to become liquidity providers. This is achieved by collecting the security tokens in a liquidity pool in exchange for a portion of the pool fees.

Alice Chen, General Counsel and Co-Founder of IX.Swap, says:

Swap is planning to launch core components on the Cardano blockchain. Its ultimate goal is to become the UniSwap of security tokens. It has a deflationary payment and utility token, ticker symbol $IXS, that will augment returns and reward users of the platform, introduce on-chain governance capabilities, and enable payments with IX.Swap partners.

Elliot Hill, Head of Communications at Occam.fi, says:

Bridging the gap between CeFi and DeFi

IX.Swap claims to be the missing link within blockchain infrastructure required to bring the tokenized stock industry and security token to life on Cardano in the wake of the Alonzo hard fork, which led to the release of smart contracts. IX.Swap intends to bridge the gap between centralized finance (CeFi) and decentralized finance (DeFi) with the lofty goal of becoming the biggest liquidity provider for security token exchanges around the world.