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What is SODAX?

How SODAX helps you move assets and access financial opportunities across different crypto networks.

John avatar
Written by John
Updated over 3 weeks ago

💡Tired of jumping between applications? What if you found an option that could just work everywhere?

SODAX is a system that helps you swap, earn, and borrow across different crypto networks without getting stuck in technical details. Instead of worrying about bridges, gas fees on different networks, or complex settings, you simply choose the asset you have and the outcome you want. SODAX handles the coordination in the middle.

You can think of SODAX as your travel adapter, but rather than letting you plug a device into a wall socket anywhere in the world, SODAX lets you use your assets on any supported network without worrying about how they connect.


Why does SODAX exist?

Crypto is split into many different "chains" or networks. Usually, moving money between them is difficult, requiring multiple wallets, different gas tokens, and complicated steps. SODAX acts as an execution/coordination layer. We believe you shouldn't have to be an infrastructure expert to use your money. You should just be able to say, "I have this token here, and I want that token there," and let the system figure out the best way to make it happen.

  • Behind the Scenes: When you request a transaction (like a Swap), SODAX acts as an "execution brain". It looks at the available liquidity across different networks and finds the best path available to get your asset to their destination.

  • Invisible Complexity: While the process involves technically complex steps (like finding the best route and moving data between networks) SODAX doesn’t burden this on you. Your experience is focused on the outcome, not the mechanics.


What to Expect from SODAX

SODAX is built for you to be able to confidently navigate decentralized finance (DeFi), without needing to be a technical expert. For us to achieve this though, there are still some limitations of blockchain technology that you should be aware of in order to make the most of SODAX:

  • Speed: Because SODAX coordinates across different networks, transactions are asynchronous (they don't happen instantly). Speed depends on the specific networks you are using. We prioritize getting the transaction done safely over doing it instantly.

  • Safety and Recovery: Sometimes, network conditions change while a transaction is in progress. SODAX is designed to handle these moments. If a transaction cannot complete exactly as planned, the system includes recovery paths so your funds don't get stuck.

  • Transparency: We believe in being honest about constraints. We will always show you clear status updates so you know exactly where your assets are during the process.


What can you do on SODAX?

  • Swap: Exchange assets between different networks (e.g., Ethereum to Solana).

  • Migrate: Participate in the ICX to SODA (Governance token for SODAX) migration.

  • Save (Coming Soon): Supply assets to the money market and generate yield.

  • Borrow (Coming Soon): Access liquidity on one network using collateral from another.

  • Stake (Coming Soon): Stake your SODA for rewards.

  • Earn (Coming Soon): Deposit assets into yield-generating accounts.

  • Rewards (Coming Soon): Earn additional rewards through your actions on SODAX.


Need Help?

If you have any further questions about SODAX or need assistance, visit our Support Center for more articles and resources, or contact our support team via the button in the bottom right.

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