Brave browser is now building its decentralized exchange aggregator.
The creator of Basic Attention Tokens (BAT) wants to incentivize people to use it in a DEX.
Privacy web browser Brave, which rewards over 25 million users with its Basic Attention Token (BAT) is now building new functionality into its platform.
According to the BAT Roadmap 2.0 that was announced today, Brave is creating a decentralized exchange (DEX) aggregator and also a new “Brave Wallet” to replace its recent crypto wallets.
The said additions will extend the firm’s reach beyond web browsing and into decentralized finance (DeFi), the multibillion-dollar industry of crypto-based protocols that will allow people to earn interest, lend assets, and trade tokens without having to go through a financial institution.
A DEX aggregator helps the users find and lock in the best possible price in multiple exchanges, the roadmap also allows Brave to create its own DEX – something the company confirms it is exploring.
“One of our goals is to make tokens and crypto easy to use for all of our users. The custom DEX which we plan to explore could help achieve this goal by enabling users to exchange BAT and other assets at lower fees, and with better user interface and security, by being built into Brave.”
Brave CEO and co-founder Brendan Eich
Brave already shows widgets for exchanges like Binance, Gemini, and Crypto.com on its homepage so that the users can connect easily to their exchange accounts without logging into a website. But decentralized exchanges open up new trading possibilities.
Details about Brave’s DEX aggregator are minimum, but the software company says that it will differentiate itself by giving discounts for BAT holders who use the native token to pay for the transaction fees – or indeed, giving discounts to the users who simply have BAT in their wallet. All inside the Brave browser.
“Ease of use is in our experience the key to adoption,” said Eich. “Reducing friction brings in new layers of users as we work to normalize crypto for everyone.”
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