Dystopia Crypto Platform

Pros

$747,406 USD currently invested (TVL)

Investments in 11 coin pairs available

Operating on Polygon protocol

Cons

Investments in liquidity pools can be higher risk

Liquidity pool investments are only suitable for advanced crypto users

Dystopia Reviews

Dystopia exchange was founded by Dystopia Labs, that is co-founded by Hsin-Ju Chuang in 2020. Dystopia Labs is a startup studio that incubates blockchain projects. Dystopia is a decentralized exchange and automated market maker that is built by the Tetu team on the Polygon blockchain network. Providing minimal slippage and trading fees is the ultimate goal for the Dystopia exchange. You can swap the coins listed on the Dystopia app for a very low fee. The platform offers staking, and liquidity farming besides the swap tool. Users can earn passive income by staking or farming.

The Dystopia exchange is forked from Solidly which has been audited and found safe by some independent auditors. The main difference between Dystopia and Solidly is tokenomics. Dystopia Exchange distributed its tokens with a fair launch. There was no private sale, VC, ICO, or pre-mining before the launch day. 20% of the total supply was given to Polygon DAO and other Dapps in the Polygon ecosystem with a lock period. Dystopia’s governance wallet is a 3/6 Gnosis Safe multi-signature account. There six different parties have access to the main wallet and at least 3 of them must approve a transaction to be initiated.

Anyone can connect to the Dystopia web app with a digital crypto wallet and use it anonymously. When you click on the «connect wallet» button on the main page, it directs you to choose the way how to connect a wallet. The web app currently supports Coinbase wallet and BlueWallet.

DYST is the native utility token on the platform and it is used for governance too when staked. When you stake Dyst tokens, you start earning VeDyst governance tokens. 90% of the emission created on the platform is distributed to LP providers. Only 10% of the emission goes to VeDyst lockers.

Dystopia Exchange is relatively new on the market and doesn’t have a long history. But there is no hack or exploit in its history so far. Decentralized exchanges are gaining popularity after many centralized exchanges collapsed in 2022. But DEXs are still in the development process and there might be some bugs or unforeseen situations.