Dec 14, 2021
AEX & BOBA | AEX Partners with BOBA Network
AEX LISTED CRYPTO CARD — About BOBA
We are very excited to announce that BOBA has been successfully listed on the AEX exchange!
Boba is an L2 Ether scaling and enhancement solution built by the Enya team (as a core contributor to the OMG Foundation.)
AEX LISTED CRYPTO CARD — About BOBA
Boba is a next-generation Ether Layer 2 Optimistic Rollup scaling solution that reduces Gas fees, increases transaction throughput, and extends the capabilities of smart contracts. boba provides a community-driven liquidity pool to support fast exits, reducing Optimistic Rollup exit periods from 7 days to just minutes, while providing LPs with incentivized high-yield mining opportunities.
Boba’s scalable smart contracts will enable developers across the ethereum ecosystem to build dApps that call code executed on web-scale infrastructures such as AWS Lambda, allowing the use of algorithms that are too expensive or impossible to execute on the chain.
Project Highlights
1. Boba Network is an Ethernet L2 scaling network launched by decentralized infrastructure solution Enya, renamed from OMGX Network, is a scaling solution based on the Optimistic Rollup concept, combining Optimisms open-source technology and Enya and Boba teams efforts in networks top-up, fast withdrawal, cross-chain.
2. Boba Network has developed a swap-based mechanism to provide a smooth user experience for moving funds across chains, whether from L1 to L2, L2 to L1, or between two L2s (as long as they are both EVM compatible). Users who choose to take advantage of this benefit will pay a small facilitation fee, which is shared by the liquidity provider of the pool of funds supporting the chain.Boba\’s scalable smart contracts will enable developers across the ethereum ecosystem to build dApps that call code executed on web-scale infrastructures such as AWS Lambda, allowing the use of algorithms that are too expensive or cannot be executed on the chain.
3. Boba can empower smart contract developers to call algorithms from off-chain to perform calculations and integrate the results into smart contracts, enabling the use of multiple computational models such as machine learning classifiers, multi-factor risk-reward models, or privacy-preserving calculations.
4. Boba thus makes smart contracts scalable, allowing ethereum developers to call code executed on web-scale infrastructures (such as AWS Lambda) when building DApps, enabling algorithmic calculations that were previously too expensive or impossible to perform on-chain, thus creating more attractive and competitive DApp products.
5. Compared to Optimistic Rollup\’s average withdrawal period of around a week, Boba Network provides users with fast withdrawal capabilities through a community-driven liquidity pool that can reduce withdrawal times from a week to within minutes.
6. This feature is also based on their experience in developing Quasar (the fast withdrawal feature of OMG Plasma) — a liquidity pooling mechanism designed to allow liquidity providers to add sufficient token liquidity pools on different chains, thus enabling a faster cross-chain experience when users do so.
7. The NFT Bridge provided by. Boba Network also allows NFT to be transferred efficiently and cost-effectively on Boba and back to the main ethereum chain at any time, thus ensuring that the security and decentralization of ethereum are not compromised while allowing currently expensive NFT transfer transactions to be completed with lower transaction costs and faster confirmation times.
About AEX (Your Best Asset Guardian)
AEX crypto exchange was founded in 2013 operated by Bit World Investments Limited, which has become one of the earliest digital asset exchanges. As an important link of the blockchain, AEX has always played an indispensably important role in token circulation and trading. With the market growing in size and various cryptocurrency derivatives springing up in recent years, AEX has gradually evolved its positioning from the original transaction matchmaker towards a global digital asset management service provider that advocates safe investment and stable asset appreciation.
Over the past 8 years, the number of users converging on the AEX platform to exchange digital assets has reached millions, spreading across more than 100 countries and regions around the world. With the growth of the market scale and the emergence of various cryptocurrency derivatives, AEX has completed its metamorphosis in the direction of a global commercial bank for digital assets, aggregating multiple financial business models such as Spot Trading, ASwap, AEX Earn, AEX Loan, DeFi Pool, and Staking, etc.
AEX: Your Best Asset Guardian
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