Introducing Ascent: A New Age of Automated Market Making on Polygon
The revolution on Polygon starts with Ascent’s vision for a decentralized and community-driven future.
Join our launch campaign and share a $2,000 prize pool: https://gleam.io/tEhKm/ascentexchange-exclusive-launch-giveaway
Ascent is an innovative Automated Market Maker (AMM) launching soon on the Polygon network. Our mission is to establish a truly native liquidity layer within the Polygon ecosystem that emphasizes collaboration and community-driven growth. Ascent is a ve(3,3) decentralized exchange (DEX) that masterfully adapts Andre Cronje’s initial vision of Solidly, and we aim to go back to Solidly’s long-forgotten fundamentals.
Ascent aims to revitalize these three core tenets:
- Community — Ascent will launch with a strong emphasis on the wider ecosystem, offering our NFTs to top protocols on Polygon, enabling them to manage their positions in the best interest of their platforms.
- Decentralization — Ascent strives to be as fully decentralized as possible, while still maintaining functionality and a council of trusted entities from the wider community to enact in emergency situations.
- Functionality — Ascent houses some of the best features implemented in DEXes to date, widely known and used by many. The platform’s functionality is tied to the innovations and underlying value that Ascent provides.
Ascent x Polygon
Polygon has experienced significant growth and development since its inception, making it an ideal platform for our next-gen AMM. By deploying Ascent on Polygon, we can tap into a vast pool of early adopters and visionaries who will be instrumental in driving the project and the broader vision for decentralized finance (DeFi).
Ascent aims to address incentive misalignment and pricing inefficiencies within the current platforms on Polygon. Our primary focus is to foster sustainable growth by introducing a novel, demand-driven model that benefits all stakeholders involved.
Polygon’s scalability is crucial for our goal of reaching as many users as possible. Additionally, the DeFi ecosystem on Polygon is extensive and well-connected; however, liquidity incentivization on Polygon is currently inefficient. Ascent has been designed to fix this issue by providing a more efficient way for protocols to incentivize liquidity.
Core Pillars
Ascent is inspired by the best practices of existing AMMs while introducing several key differentiators that make it a superior liquidity layer and AMM. Our approach combines the strengths of various models to solve liquidity problems at the start, enabling a free market for incentives and more efficient capital allocation.
Ascent leverages a hybrid vAMM/sAMM model, enabling more efficient routing between assets. This combination of technologies allows for tighter spreads, lower price impact, and greater trading efficiency.
The Ascent Token — $AEX
Ascent’s token, $AEX, is an ERC-20 token designed to facilitate liquidity and encourage decentralized governance within the platform. The emissions of $AEX target two primary objectives: maintaining adequate liquidity for optimal trading conditions through farming rewards, and promoting decentralized governance for the continuous development of the platform.
Supercharging Community Growth Through aeNFTs
The aeNFTs are a limited and exclusive collection of bull-themed NFTs, designed to invigorate the community by offering multiple revenue streams, access to private clubs, and dedicated roles within the community. Becoming an aeNFT holder comes with numerous benefits, but one of the most amazing is this: DEX fee revenue sharing.
During months 1–3 after launch, holders will earn a share of 20% of all fees generated on the DEX, moving to 15% in months 4–6, and then 10% from month 7 onwards. Original minters earn 2% of secondary royalties forever, while aeNFT secondary holders can stake for 1% of the royalty.
Ascent’s Vision
Ascent is an ambitious attempt to create an inclusive, future-proof liquidity layer that incentivizes users who believe in the long-term potential of DeFi. We aim to become the liquidity backbone of the Polygon network, making it easier for new and existing protocols to onboard through capital-efficient liquidity bootstrapping.
Our cooperative approach and fair launch will enable us to onboard early Polygon users and reward their exploratory spirit. We are excited to spearhead this new chapter on Polygon and look forward to sharing more information about our launch plans and partnerships in the coming weeks. A new era of collaboration awaits.
Be sure to visit and follow us on Twitter, Telegram, and Discord to find out even more about Ascent and any upcoming news.
About Ascent Exchange
Ascent is a cutting-edge ve(3,3) DEX on Polygon, dedicated to fostering community, promoting decentralization, and providing advanced functionality. This innovative platform integrates top-tier features and an exclusive aeNFT program to enhance user experience. The Ascent ecosystem encourages active participation and sustainable growth while supporting decentralized governance through its $AEX and veAEX tokens, making it a go-to choice for traders seeking a seamless and rewarding experience.
