- Zenprivex is making a 0x-powered DEX mainly focused on trading stablecoins
- Several other 0x ecosystem projects received updates in January
- Ambo, a startup that wants to attract more new users by improving the UI of crypto projects, bought by MyCrypto
The Zenprivex team has been working hard on making a 0x-powered DEX mainly focused on trading stablecoins. The final product, called ForDex, will have variety of centralized and decentralized stablecoins. These include USDC, DAI and other stablecoins as well as stablecoins not pegged to USD, such as KRWb pegged to the Korean Won. Furthermore, ForDex will have an inbuilt fiat on ramp built in collaboration with Wyre.
Such an exchange would positively affect the whole market, potentially making some stablecoins even less volatile than they were before. The liquidity of 0x-powered exchanges should improve as well due to the fiat ramp.
Building a stronger 0x ecosystem
Besides ForDex, other projects in 0x ecosystem have received useful updates. Here are some of the projects in question and respective updates they received:
- Bamboo Relay – UX is being optimized for smaller screens; Token approvals and wrapping Ethereum are now grouped before placing or filling orders
- Radar Relay – WBTC trading pairs added; Radar announced as a Radar Relay parent brand
- Emoon – top four ERC-721 assets now available; Asset explorer completed
Other updates can be found in the blog post by 0x.
Ambo bought out by MyCrypto
According to the announcement in their blog, open-source interface for interacting with the blockchain MyCrypto has bought out the small but ambitious startup Ambo. The team of the U.S.-based company consisting just of three persons aims to make user experience significantly easier when interacting with cryptocurrency in any way, introducing new users, even the not tech-savvy ones, to the sphere.
According to Jai Bhavnani, the CEO of Ambo, the team initially planned to develop Ambo on a centralized exchange but realized that they share many common ideas with 0x team, which made them migrate to the 0x platform.
Bhavnani believes that they can complement the technology behind 0x with equally good user interface, something the team found to be lacking in many desktop wallets. He commented:
“At Ambo, we believe that protocols like Augur should be focused on producing the protocol and instead allowing people like Ambo, Veil, and Guesser to build on top of it rather than building their own interface. This will allow for protocols to build the best protocols possible, and products to build the best experience.”