Excalibur Decentralized Exchange Review

Excalibur is a decentralized protocol that primarily focuses on sustainability and capital efficiency. It works on the Fantom blockchain, but it supports bridging. Though the platform offers different types of bridges, Portal is the to go bridge since it provides limitless transfers across chains for tokens. The protocol’s ownership and governance will be decentralized from the first day vesting into the hands of traders, providers of liquidity, and listed projects growing the ecosystem. 

Excalibur overview

Find below some of the features that distinguish this DEX from others:

• Flexible and adaptive

The devs say that they have set up several operating parameters that can be modified to align with the changing market needs. 

• Fair to everyone

All fees charged on the platform (majorly swaps and deposits) gathered are redistributed in an exclusive manner to reward in a fairer and more subtle way all users in the ecosystem. 

• Ecosystem-oriented

The DEX was designed in such a way that it can integrate easily with an existing performing ecosystem as well as develop its own. 

• A distinctive shareholding mechanism

This mechanism is based on two tokens—EXC (the platform’s native token) and GRAIL (a token representing the shares of a company). So, users who contribute most and assist the platform in building up stable liquidity can receive rewards with passive income in the form of daily dividends from the DEX’s fees. The fees increase as the project grows. 

How does Excalibur work?

These are the activities you are allowed to engage in on the platform:

• Swap tokens
• Create and provide liquidity
• Farm
• Transfer assets from one blockchain to another

What can you buy on Excalibur?

You are allowed to carry out transactions on the wallet using the following assets:

• FTM
• USDC
• BTC
• ETH
• UST
• WFTM
• EXC
• GRAIL
• DAI
• fUSDT
• LUNA

Is Excalibur safe?

Excalibur maintains the security of its protocol using systematic good code practices and an exhaustive suite of unit and functional tests. It is also audited by what the vendor says is the best auditing company, Paladin. This ensures the platform has the most effective code review possible. Management and processes are secured by timelocks, multisig wallets, and constant feeding of project-owned liquidity.

Excalibur fees, compatible wallets, and transactions

The exchange only supports one wallet—Fantom. There are different fees charged on the platform. For instance, users incur a 0.15% default swap fee, but it can be set between 0.01% and 0.2%. Liquidity providers normally receive 50% of these fees. Deposit fees are also charged, and they are paid directly to the Excalibur FeeManager contract.   

What are the ways to trade on Excalibur?

There are various ways to trade on this platform. We have described some of them below:

• Yield farming

This entails lending or borrowing assets on the DeFi and earning more assets in return for the services offered. The vendor explains that yielding on this exchange has been revamped to house various investment strategies, giving incentives to long term liquidity providers to offer them an above market return. 

• Time vault staking

This type of staking is provided in the exchange via the 2 lock slots of each farm present for all users. As such, you can select a lock duration which you will not be able to withdraw your deposit. In return, you will get extra farming rewards. More bonus rewards are earned by extending the lock period.  

• Traditional staking

This is available on the platform via the regular slot of each farm. As per the vendor, this type of trading works the same as any classic yield farm. 

• Swapping

Traders get a chance to exchange one asset for another and earn income as a result. Differences that come about from volatility in the market enable users to make gains from the many swaps they conduct. 

• Redeeming shares or tokens

You can redeem Excalibur shares or GRAIL tokens anytime for EXC and earn better rewards, especially if you are a long term staker. 

Customer support

Customer support is available in various forms. You can reach the devs through email or directly on their discord and telegram channel. FAQs and manual guides are also provided to answer and address some of the issues you may encounter while using the service. Furthermore, Excalibur has a social media presence, so you can follow its activities on YouTube, Medium, and Twitter to learn more about it.  

Should you trade with Excalibur?