Linea, Consensys, and Nile collaborate to launch the decentralized exchange platform Etherex

BlockBeats News, July 21st, Linea, Consensys, and Nile announced the launch of the decentralized exchange platform Etherex, aiming to achieve true user alignment and end-to-end infrastructure.

Etherex is an upgraded version of Nile Exchange, built on Ramses v3 technology, and features the x33 tokenomics model. Its design goals include 100% of native incentives (REX) allocated to liquidity providers (LPs); 100% of trading fees going to xREX staking voters.

The native token REX will be distributed as a liquidity reward to LP users. Users can convert REX to xREX to vote for their preferred pool incentives.