GeroWallet x ADAX Integration Partnership

GeroWallet, Cardano’s first all-in-one decentralized finance (DeFi) wallet, is partnering with ADAX to integrate ADAX’s decentralized exchange with GeroWallet! ADAX is gearing up to facilitate trading on Cardano, and with this integration, you will be able to connect GeroWallet to the ADAX dApp and trade your Cardano Native Tokens (CNT’s) directly from your GeroWallet.

GeroWallet is a non-custodial wallet, ensuring the sole control of your private keys. With greater autonomy to security, there can be limitations on what can be done with the funds inside. Pairing a non-custodial wallet like GeroWallet with a decentralized exchange like ADAX means users never give up control of their funds, all while being protected. There are no order books, no intermediaries, and none of the privacy issues typically associated with centralized exchanges.

Decentralized exchanges are popular among the DeFi community, and with that in mind ADAX intends to relieve a particular long standing issue with liquidity pools. Lower volume liquidity pools are more attractive to investors seeking to earn a larger proportion of rewards, and providing liquidity to smaller pools is necessary for the health of the market. Unfortunately, these smaller pools carry burdensome risk in the form of increased Impermanent Loss. ADAX’s approach to this issue includes a unique fee structure: of the 0.3% fee on each transaction, 0.125% goes to market makers and 0.175% goes to takers (for our purposes, market makers and takers are both liquidity providers). To the end user, this will look the same as other exchanges: a 0.3% fee is given to liquidity providers in exchange for their contribution to the ecosystem. Internally, however, this should help tip the balance and make small liquidity pools a more viable choice for liquidity providers. This could help reduce barriers to entry for smaller projects and increase the health of the overall market.

ADAX is built for simplicity, freedom, and decentralization. It’s no accident that these values overlap with GeroWallet’s focus on robust, user-friendly tools in decentralized finance.

About GeroWallet

Our users are our motivation. We are committed to building a dynamic environment for the advancement of blockchain by designing innovative, user-friendly tools for the DeFi community. Our promise is to continuously strive to provide accessibility to all through an intuitive user experience.

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About ADAX

ADAX was founded in 2020 and includes global talent with experience in and outside of the blockchain space. The ADAX team believes Cardano will lead the next wave of trends in crypto, citing the network’s potential to disrupt existing power structures combined with its increased sustainability and efficiency compared to Ethereum.

Once Cardano’s ERC-20 converter is ready, users will be able to easily trade between Ethereum and Cardano. Besides more flexibility overall, this means ADAX (and therefore GeroWallet) users will have the means to use Ethereum tokens without the burden of Ethereum’s high fees and congestion.

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Bridging DeFi and your needs, in one wallet.