The cryptocurrency-powered Brave browser has revealed plans to add a decentralized exchange (DEX) aggregator to its platform in a bid to bring the decentralized finance (DeFi) space closer to its millions of users.
According to an update to its roadmap, Brave is planning on enabling token swaps through a decentralized exchange aggregator built on Brave, that would bring distinct advantages to Basic Attention Token (BAT) holders.
These include discounts when using BAT to pay for transactions fee, discounts for users that simply hold the token in their wallet, and multi-chain support allowing them to trade on other blockchains. The roadmap update also hints at the launch of a DEX where “Brave will incentivize liquidity providers to grow the BAT and broader crypto ecosystems.”
The browser is also planning layer-two scaling solutions and other optimizations to allow users “with as little as $1 in BAT earnings” to access decentralized finance.BAT Roadmap 2.0 — Brave Decentralized Exchange (DEX) announced: Discounts when using BAT for transaction fees, discounts for BAT holders, BAT utility for search engines; new Brave Wallet, and more https://t.co/dIVXUwp1rP— Brave Software (@brave) February 23, 2021
Currently, Brave browser users can earn BAT tokens by viewing ads on the browser. These tokens can then be accumulated, or used to reward content creators throughout the web according to the time users spend on their content.
Decrypt quotes Brave CEO and co-founder Brendan Eich as saying one of the platform’s goals is to “make tokens and crypto easy to use for all of our users.” The decentralized exchange Brave plans to create “could help achieve this goal by enabling users to exchange BAT and other assets at lower fees, and with better user interface and security.”
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