Blockworks AI
New ChatExplore Blockworks AIReport Templates
Team Reports
Scheduled Tasks
What is AshDAO on MultiversX?

What is AshDAO on MultiversX?

AshDAO is the decentralized autonomous organization (DAO) that governs AshSwap, a major DeFi project and decentralized exchange (DEX) built on the MultiversX blockchain. AshSwap is modeled after Curve Finance and is notable for introducing both a stable-swap algorithm for pegged assets and a concentrated liquidity model with dynamic pegging for volatile assets. AshDAO is responsible for protocol governance, including upgrades, incentive allocations, and the strategic direction of both AshSwap and AshPerp, the ecosystem’s flagship on-chain perpetual contracts trading platform12.

Key Details:

  • Role on MultiversX: AshDAO manages AshSwap—the second-most prominent DEX on MultiversX—and AshPerp, the leading perpetuals DEX for on-chain leveraged trading.
  • Ecosystem Integration: By leveraging the speed and scalability of MultiversX, AshDAO enables advanced DeFi products and high-performance trading directly on-chain, supporting assets like EGLD, BTC, ETH, and various non-native tokens.
  • Governance: AshDAO's structure allows the community to vote on critical parameters, such as emissions, fees, and protocol upgrades, giving holders significant influence over DeFi infrastructure within MultiversX.

Why is AshDAO significant?

  • DEX Market Share: AshSwap (under AshDAO's management) holds a substantial share of the DEX volume on MultiversX, driving liquidity and innovation in the network's DeFi sector.
  • Product Innovation: The introduction of AshPerp by AshDAO marks a milestone for on-chain leverage trading, with features like 100x leverage, access to diverse assets, and smooth user experience modeled after centralized exchanges—all achieved through decentralized liquidity pools2.

Summary Table

ProjectRoleGovernancePowered byKey Innovations
AshDAOProtocol GovernanceDecentralized (DAO)MultiversXManages AshSwap & AshPerp platforms
AshSwapDEX (Curve-inspired)Governed by AshDAOMultiversXStable-swap, dynamic concentration
AshPerpPerpetuals DEXGoverned by AshDAOMultiversXOn-chain 100x leverage trading
AshDAO represents decentralized governance and innovation at the core of MultiversX’s DeFi ecosystem, powering the development and expansion of advanced trading protocols on the network.
You're viewing a shared conversation. Your questions will start a new chat.