VulcanDex

VulcanDex is a decentralized exchange (DEX) for gaming tokens. This DEX rewards you with valuable NFTs besides the usual tokens. If you are a gamer, and crypto enthusiast, this is the solution for you!

Tokens and Pairs

Exciting projects will be listed on VulcanDex. The DEX currently has the following pairs and pools for NFT reward farms:

• PYR-USDC
• PYR-MATIC
• PYR-WETH
• PYR-LAVA
• PYR-GM

The DEX supports trading the in-game token, LAVA. This Play2Earn (P2E) token is the core token of many Vulcan Forged games. It is used as a reward for playing the games in the ecosystem.

In the first year of VulcanDex, the highlights are as follows:

• First gaming token DEX
• Over 50 NFT farms filled
• More than 1000 NFTs awarded
• $13.4M Total Value Locked (TVL) All-Time High
• Official DEX of the "Blockchain of Metaverses"

Liquidity Pool (LP) Staking and Single Asset Staking

Liquidity Pool (LP) Staking

VulcanDEX offers LP staking. For example, if you own PYR and MATIC tokens, you can put these tokens inside the liquidity pool and earn rewards. This is called yield farming.

A DEX is made for trading tokens from one to another. You need to have loads of both tokens in order to be able to offer these trades. This is why the pools with tokens are created.

VulcanDEX is based on Uniswap 2.0 and acts the same with a different layer on top (NFT rewards, for example). For all asset pairs, liquidity pools exist on VulcanDEX. Let's look at a hypothetical example for PYR-WETH:

• Total liquidity = $1,000,000 inside both the PYR and WETH pool
• Daily volume = $500,000 (trading volume in USD)
• Pooled WETH = 200 (amount of WETH inside the pool)
• Pooled PYR = 90,000 (amount of PYR inside the pool)
• Total transactions = 10,000 (amount of transactions done)

As you can see, there is $1,000,000 worth of PYR and WETH inside the liquidity pool. These tokens are available to trade. 90,000 PYR is available. You can imagine the price will boost up if you buy PYR and the price will lower if you sell PYR to the pool. It is not possible to do a 100,000 PYR buy, as there are only 90,000 PYR tokens inside the pool.

Single Asset Staking

When you put liquidity inside a pool, you will receive special LP tokens. These will be available inside your wallet. You can trade these back for your tokens and the reward. But what if we could use these LP tokens while relaxing and watching our daily rewards go up? VulcanDEX offers single staking farms for LP tokens. You can, for example, put your LP tokens inside a pool and receive/win NFTs. This is unique and has never been seen before.