A new DeFi project seeks to revolutionize liquidity provision by prioritizing user experience and viral growth. The HyperEVM-based platform combines automated market making with psychological incentives to attract mainstream users.
Project X launches a next-generation decentralized exchange on Hyperliquid’s HyperEVM chain, positioning itself as “Uniswap with rizz” by focusing on user psychology and simplified interfaces. The platform automatically routes trades between HyperEVM and HyperCore to ensure optimal pricing, a first for the Hyperliquid ecosystem.
The team criticizes existing AMMs like Uniswap for stagnant UX since 2021, noting even crypto-native users struggle with complex liquidity provisioning. Project X’s solution features a drag-and-slide interface for LP management and enhanced fee structures that return more value to liquidity providers than competitors.
With Hyperliquid planning to tokenize non-crypto assets, Project X aims to become the go-to platform for novel liquidity pools. The project combines lower fees (0.15% vs typical 0.3%), an intuitive points system, and dopamine-triggering design elements to attract both retail and institutional liquidity.
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CryptoFeedHub Note: This article is a rewritten summary based on external reporting. Original source: Decrypt