BlockBeats news, on July 21, Linea, Consensys, and Nile launched the decentralized trading platform Etherex, aimed at achieving true user alignment and full-chain infrastructure.
Etherex is an upgraded version of Nile Exchange, built on Ramses v3 technology, and adopts the x33 token economics model. Its design goals include 100% native rewards (REX) allocated to liquidity providers (LPs); 100% of trading fees belong to xREX voting users.
The native token REX will be distributed as liquidity rewards to LP users. Users can convert REX into xREX to incentivize voting for their preferred liquidity pools.