Long-standing smart-contract platform Qtum will be home to a new decentralized exchange on Friday after QiSwap, an independent liquidity protocol, completed its testnet phase.
Qtum indicated in a recent press release that the integration of QiSwap has moved the platform “one step closer to realizing its decentralized finance ambitions.”
The launch of the QiSwap mainnet on Friday will allow anyone to build decentralized finance applications and provide liquidity on top of the Qtum blockchain. QiSwap is a decentralized exchange that provides liquidity for the Qtum cryptocurrency and other native assets, dubbed QRC20 tokens.
During Phase 1 of the mainnet, QiSwap will enable trading between Qtum and the Qcash (QC) stablecoin. In the weeks following launch, QiSwap plans to add additional trading pairs and pursue listings on major exchanges. In the more distant future, dubbed Phase 4, the platform will launch the governance contract for its Qi token.
QiSwap founder and chief operating officer Robert Gaillard told Cointelegraph: