Truly Open Finance: xExchange V3 is Here

DeFi has been great at widening access to financial services and laying the groundwork for an alternative system. However, UX challenges, such as complex onboarding, confusing jargon, and clunky interfaces, have hindered its broader appeal.

The current DeFi user experience dilemma is a hindrance in the way towards truly effective, accessible and inclusive Open Finance. To achieve mainstream relevance, protocols must simplify workflows, making them accessible to a wider audience and moving past bloated interfaces that characterize Web3 finance nowadays.

xExchange V3 seeks to solve this problem by offering a radically intuitive platform where users can engage with DeFi easily, regardless of technical expertise or prior knowledge. All while giving builders the blocks required to further expand the infrastructure for next-gen Web3 financial products.

What’s New?

This upgrade brings significant improvements in user experience, trading capabilities, and liquidity provision, positioning xExchange as a more efficient and powerful platform for both new and experienced users.

Let's dive a little deeper into these three main areas brought by xExchange V3:

New Trading Experience

Price Charts

• Introduced detailed price charts for both tokens and pools.
• Added advanced candlestick charts via TradingView with multiple time resolutions.

Frictionless Value Exchange

• Swap page renamed to “Trade” for easier understanding.
• Removed the need for separate "wrap/unwrap" EGLD transactions.
• Simplified trade form by removing unnecessary categories (Community, Ecosystem, Core).
• Trade form inputs remain even after login/logout or changing token pairs.

Shareable Trade Links

• URLs now capture trade form inputs, enabling easy sharing of specific trade setups.

Liquidity Enhancements

1-Click Liquidity Creator

• Simplified liquidity provision process, reducing the number of steps from requiring multiple transactions to just one.

xExchange Liquidity Fund

• Introduced a fund to incentivize liquidity by providing loans for liquidity pools and development grants.
• Focused on enhancing liquidity and supporting projects through funding and liquidity incentives
  • For projects outside MultiversX, xExchange would provide 100% of the MEX.
  • For MultiversX projects, xExchange would provide 80% of the MEX.

Boosted Staking & Dual Farms

• “Metastaking” split into two concepts: “Dual Farm” (LP token) and “Staking” (single token).
• Boosted rewards for staking and dual farming (up to 2.33x more rewards).

UI/UX Upgrades

New Homepage Design

• Added direct access to trading, earning, and discovery features from the home page.

Energy Simplification

• New, clearer "energy" concept with simplified calculations (Energy = Amount x Charge).
• Updated league names and thresholds (e.g., Bronze, Silver, Gold).
• Dedicated energy pages for easier management of xMEX and LP positions.

Portfolio v2

• Redesigned, easy-to-navigate portfolio page with direct access to manage LPs, staking, farms, and rewards.
• Clear presentation of total portfolio value and energy rewards.

Lightspeed Navigation

• Global search and quick action shortcuts for rapid access to essential pages.

Enhanced Analytics

• 8x faster load times with 3x more metrics, including new trending and trading activity scores, and multiple chart types for enhanced analysis.

Please note that the Discover program, which will replace Metabonding, is part of an upcoming upgrade, with full details to be released in the coming weeks.

The full list of V3 features and improvements can be accessed on the xExchange Agora: agora.xexchange.com/t/xexchange-v3-user-friendly-release-notes/2029

If you have suggestions, feedback or questions regarding the new xExchange, reach out to us using the regular channels:

• official xExchange Telegram: t.me/xExchangeApp
• xExchange Agora: agora.xexchange.com/c/xexchange-v3-feedback/5

The Path is Open

Driven by a UX-first philosophy, xExchange V3 focuses on enhancing user experience with simplified interfaces, faster navigation, improved analytics, and easy-to-use features like 1-click position creation.

Proving once again that, despite its nascent stage, and the current level of complexity, DeFi is powering ahead and evolving at a rapid pace. Many challenges lie ahead, but xExchange is one step closer to making Web3 finance accessible to all.

Already battle tested by the MultiversX community, this latest upgrade offers a first glimpse into how smooth and seamless Open Finance platforms can be.

To mark the xExchange V3 launch, we will soon reveal exciting details around a rewards campaign to incentivize new users, top traders and liquidity bridgers.

‍