Archly operates a decentralized exchange (DEX) protocol that launched on November 25, 2022 with the goal of providing fair and balanced access to DeFi on the Telos EVM. Since launch, Archly DEX has expanded into a cross-chain decentralized exchange available on multiple networks, offering low fees and near-zero slippage on correlated asset swaps. The protocol has a strong focus on secondary markets for tokenized locks represented as NFTs (veArc = lpNFTs), and provides features such as swapping, liquidity pools, vote-escrowed vesting, voting, rewards, and whitelisting. Archly targets users in the cryptocurrency and DeFi space, particularly those interested in stablecoin and volatile asset swaps while maximizing yield through various strategies. The protocol has undergone multiple security audits, though it notes inherent risks associated with smart contract interactions.
