The latest products of the Pi Network can change everything for pioneers. Just a few weeks later, when the Pi Network announced the launch of new features to establish its name in the DeFi ecosystem, the team provided further details on how the DEX and AMM will work.
Both products have begun testing on the Pi Testnet, and the team has called them one of their largest and most exciting updates to date.
The project's decentralized exchange (DEX) will allow users to trade tokens directly on-chain, eliminating the need for an intermediary. It is designed to operate similarly to other well-known DeFi solutions like Uniswap or PancakeSwap, enabling fully transparent peer-to-peer (P2P) trading using on-chain mechanisms such as order books and liquidity pools.
According to the core team of the Pi Network, this step is a crucial milestone for the project's growing ecosystem, which is building its financial infrastructure before the complete transition to the mainnet.
At the center of the DEX is the Pi Automated Market Maker (AMM). This is a system that automatically adjusts token prices based on supply and demand within each liquidity pool.
