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Atrix reviews

Founded 3 years ago in 2021.

Use anonymously. No KYC required.

Decentralised exchange.

Reviewed by Yunis
18 October 2022 (Updated 25 May 2024)

Atrix Crypto Platform

Atrix is a decentralized DeFi platform built on the Solana blockchain network which utilizes Solana’s core protocol Serum to provide swap, liquidity and staking services. Atrix protocol is an automated market maker (AMM) protocol. The main service that Atrix offer is the permissionless creation of liquidity pools and farms on Serum. There is no sufficient information about the founders, team, investors, and backers on the web.

The platform’s app was paused during the creation of this review, because of some security concerns over Serum. Serum is the pillar of Solana’s liquidity infrastructure and is facing problems since the FTX crash because the FTX was the biggest driving power behind the Solana network. Since the FTX was crushed, Solana lost its major backer and the price of SOL coin fell sharply until Ethereum’s Co-founder Vitalik Buterin shared a tweet about the Solana network and stated how strong its community is. Vitalik showed his support for the Solana network and the price of SOL showed a reaction and started to increase. Solana network stands out with its fast and cheap transactions.

The protocol offers swaps, liquidity pools and farms on the platform. Anyone with a Solana-compatible web wallet can connect to the platform. The platform doesn’t charge any deposit or withdrawal fee and doesn’t require a background check, KYC, or AML processes. Swaps are made using the Serum’s liquidity pools with instant transactions.

The protocol has footprints on social media including, Telegram, Twitter, and Discord channels. The community on the Discord and Telegram channels seemed quiet and not active. Having a big and strong community is essential for decentralized blockchain projects and Atrix finance is not at its best in terms of creating a community.

Not providing details about the project’s founders and team is not a good sign of the project’s transparency and trustworthiness. The protocol’s source codes are not provided on its GitHub address so we assumed that the protocol is not open-source. There is also a lack of information about the security features of the platform and audit reports. No audit report on Atrix protocol is found. The project seems abandoned by the creators or not given due consideration. When we compare crypto platforms, we pay attention to details and check if a platform provides information about the founders, team, security features, audits, and source codes. Atrix Finance failed to pass our transparency test.

Pros

tick $7,207,226 USD currently invested (TVL)
tick Investments in 1 coin pair available
tick Operating on Solana protocol

Cons

cross Investments in liquidity pools can be higher risk
cross Liquidity pool investments are only suitable for advanced crypto users

Atrix Staking Yields

1
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Columns
  Product Yield Chain Term Yield Yield Trend TVL TVL Trend
SOLX-USDC
16.3%
16.3% APY
Solana
Instant Access
16.3%
16.3% APY
$17,322
No matching yield products found

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Atrix Supported Currencies

Atrix supports over 2 currencies including Soldex.

USDC USDC USDC
SOLX Soldex Soldex

Atrix Key Data

Company
Automatic market maker tick Yes
Year founded 2021
Decentralised tick Yes
Security
Know your customer cross No

Useful Links

Atrix Contact Details

https://atrix.finance/

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