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RivrDEX : Redefining DEX Performance with Vara Network
Recorded: Jan. 5, 2026 Duration: 0:52:30Space Recording
Short Summary
Riverdex, a new decentralized exchange on the VARA network, is set to launch with innovative features and liquidity incentives, aiming to enhance the DeFi experience. The platform's focus on community engagement and integration with other projects highlights its commitment to growth and collaboration in the crypto space.
Full Transcription
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Music Music Music Music Music Music Music Music Music Music Oh Oh I'm Thank you. I'm going to go to the next video. I Thank you. I'm going to go to the next video. МУЗЫКАЛЬНАЯ ЗАСТАВКА
МУЗЫКАЛЬНАЯ ЗАСТАВКА GM, GM. Hello, everybody. Welcome. Thank you for joining us today. Let's wait just one more minute so more community members can join to the room. Feel free to invite your friends, your teams or anyone interested in
DeFi, DeFi, and the VAR ecosystem. We'll get started shortly. Thank you. All right, let's get started.
I want to try first the microphone of Beer.
Beer, welcome. Are you there?
Yeah, can you hear me?
Yeah, absolutely. Thank you so much, Beer.
So we are ready then.
Okay, thank you so much, community, for joining us today.
Today we're going to talk with Riverdex,
a new decentralized exchange built on Topol Bar.
First of all, my name is Luis Ramirez.
I'm CGO at the GEAR Foundation.
I focus on growth, ecosystem development, and supporting
builders that are creating the next generation of
decentralized applications.
GEAR Foundation is the organization behind the VARA
network and VARA.eth technology.
For those who are new here, let me give you a quick context about Vara and Gear.
Vara is a high-performance substrate-based blockchain designed for parallel execution,
low latency, and efficient smart contract execution using Wasom and Rust.
And with this technology, we also focus on the Ethereum ecosystem with the Vara.eth,
which brings Vara's execution model closer to the Ethereum ecosystem,
keeping Ethereum security and assets while unlocking faster computation and better performance
or applications like defi gaming ai agents etc and today we're gonna talk with riverdex
one powerful dex on top of vara first of all i'd like to introduce the ceo of riverdex there hey welcome there
hey everyone glad to be here thank you for the introduction luis it's a pleasure
for us to having you here can you please uh share more about you there to the community
Yeah, in short, I've been in this space since 2015.
I started, like many, with trying to understand what the hell is Bitcoin and going and starting my own mining farm.
with that proceeding I started to play in DeFi in the first decks it was
back in the day I started to issue some tokens for fun just to play with it and
understand how everything works in this space I got very pulled into the technology and all of the you can say ideology behind crypto
and blockchain and with time also helped manage a few DEXs led projects projects that built zero knowledge proof products, zero base, if some of you guys know, and also dived in the last, you can say, four years into everything that has to do with security in the space.
everything has to do in security in the space and after seeing what vara is doing and believing in
their goal and what they're trying to achieve I decided that this is also a very good ecosystem
to build the decks and yeah that's like a very short about me and a bit about my last you can
say what is it 11 years in the space there's much more but i
just try to make a chore and not bore you guys i complete og thank you thank you girl all right
so i want to give a brief uh introduction to the today's topic like Riverdex as a DEX but maybe some of you in the
audience for you is the first time that you heard the term DEX or maybe not but let me just
talk a little bit about this and Barry will share with us more information about Riverdex.
Yeah, so ADDEX or Decentralized Exchange basically allows users to swap tokens
directly from their wallets
without intermediaries, custodians or centralized control.
This is like the main difference between ADDEX and ASSEX.
The ASSEX is like, for example,
Coinbase, Gate.io, Bidso, etc. It's completely
centralized with the band of company and servers that control all these mechanics, but the DEX is
completely decentralized and autonomous. Liquidity is provided by users, so the pricing is automated and
everything is enforced by smart contracts. It's one of the key features also of the DEX and the
SX. DEX completely automated by smart contracts and completely open. And well, yeah, let's start, Bira, with some questions about Riverdex.
So the community can dig deeper into what is Riverdex, how it was built, what is the focus with the community and the long-term strategy.
term strategy so let's start with um can you explain us please uh how does riverdex work under
the hood in terms of liquidity trading pairs and fears and fees please sure so riverdex is being
is built on a proven amm automarketer market maker architecture architecture we have two core smart Proven AMM, Automarket, Market Maker Architecture.
We have two core smart contracts.
Factory, which creates and manages trading pairs and pair individual liquidity pools with swap logic.
So when users provide liquidity, they receive thep tokens representing their share of a pool
swaps are executed directly against these pools using the constant project formula
and the total fee is 0.35 per swap 0.3 goes entirely to the liquidity providers as an incentive for providing the
liquidity and the other 0.5 goes to the protocols treasury for ongoing funding of the projects and
other initiatives okay yeah i guess it's pretty clear like in terms of the the fees and also
it sounds kind of uh uniswap it's uh can you explain if this is a liquidity model like uniswap
or uh some variations on this yeah yeah it's exactly like uh uniswap v2 liquidity model that means that for example x
times y equals k so constant product formula that was proven to be reliable across hundreds of
billions in trading volume each pool holds reserves of two tokens and the price is determined by the ratio of these reserves so
we chose this model for its simplicity uh you know it's been here for a while so it's battle
tested security and pretty much easy for understanding for also the users and the
developers uh so as we grow're evaluating potential improvements like concentrated liquidity.
But right now for Lant, we prioritize stability and security, which the V2 model provides.
Got it. Yeah.
In the past weeks, we run different strategies with the community.
the community. One, it was about the VARA AI bot challenge. The community explained how it was a
One, it was about the Vara AI bot challenge.
protocol. It was built on top of our network. They imagined how it could be Uniswap, how it could be
Lidl and other DeFi protocols. What will be if those protocols were built on top of VARA? And then now Riverdex,
it's basically Uniswap version 2 built on top of VARA, right? So what are the technical advantages
that Riverdex gain by running on VARA compared to other DEXs?
uh river decks game by running on what i compared to other deckses
sure yeah uh good question um so the key the key advantages come from basically vara network
architecture uh which is fast finality block time on vara is about three seconds. Extreme low gas-free, often less than $0.01 per transactions,
if I recall correct.
And parallel execution.
Gear Protocol's actor model allows smart contracts
to process operations concurrently, meaning no congestions
during high-volume volume periods which is super important
and lastly the native async messaging so contracts communicate as synchronously enabling more complex
defy primitives in the future and all of that makes uh our contracts are up and additionally
our contracts are written in rust which provides memory safety and reduces
the risk of common vulnerabilities all of that together i think offers much more that
decks on average currently offered today makes it also very easy for the user and easy for us
okay yeah uh you know where i feel really uh excited to have this conversation with you today user and easy for us. Okay. Yeah.
You know where I feel really excited to have this conversation with you today because in the past weeks, we used to talk with different products,
protocols, and explaining how it will be if those protocols were built on top
of Vara instead of EVM, for example.
And now that you're mentioning that using the technology of VARA
like Rust as a programming language provides the first level of security
on the smart contracts level.
And I guess that this is a really important topic to talk about the security
as the DEX is basically the backbone of the DEFI ecosystem.
So how do you approach security in the RiverDEX?
Sure. Security is our top priority,
which I think it's supposed to be of any project in our space.
Our approach includes comprehensive testing so we unit test integration tests and simulated
stress testing code reviews of course multi-stage review process with gear foundation and engineering
team mit licensed open source all the code is publicly available on github for community review
and gradual rollout so extensive testnet period to identify and fix issues on top of of course
security that building on rust gives us as a starting point right now we're on live on testnet specifically to catch any edge cases before real funds are at risk.
So this is another last measure that we're doing.
And of course, auditing.
Okay.
You mentioned that it's open source.
The smart contracts are in the github public repository i guess that this is important for
the community because one thing that i really love about the blockchain and the smart contracts
and the protocols that are open it's basically that you as a developer you can go and check the
smart contract and validate that the protocol is using this smart contract.
So you don't need to trust in someone, you just need to verify the smart contract.
If you are not technical, for sure, maybe you can just ask the help of somebody that can help you to analyze and confirm that this smart contract is exactly the one that is using the protocol. But absolutely, this is important because we can be sure that we are using the same components
that the protocol say that they built and they are sharing with the community.
It's really, really important.
Okay.
Let's talk about what are the features that you are using.
You mentioned, for example, that for you, as the RiverTex protocol,
some features of VARA are really important, like the block time in three seconds,
and also the actor model.
But what will be the main features of vara that were decisive when you were choosing between different blockchains
yes okay yeah it's pretty uh straightforward you can say uh there were several factors who made Vara our obvious choice
one is the transaction speed and cost so for DeFi user experience depends heavily on fast
and cheap transactions which Vera provides the other would be the gear protocols actor model.
Contracts behave like independent actors with their own state,
enabling sophisticated and synced interactions,
which is also something that we looked on really closely and decided it will be very beneficial for our decks.
And lastly, and I think most importantly,
is the growing ecosystem.
So being a part of a Polkadot stop-straight ecosystem
provides interoperability potential.
And being the first player in an ecosystem like this
provides most of the attraction
and also giving us the option to lead the race in this ecosystem.
So VARO was a pretty easy choice with all of that to take in place.
Thank you so much.
You mentioned about the community and the ecosystem. And for example,
here in the audience we have AMBL. It's a really interesting project that's being built
on top of VARA. Also, I can see here too Andromeda is the CEO of Gaia ecosystem. Also another protocol built on top of VARA.
And you're right, Bair, about the community and about the projects. Now it's like the best timing
to run one and the community is ready to launch different protocols on top of VARA. So I guess that was the best time to start with this new technology.
Thank you, Bear, for this.
Also, I am curious about, like, for example, many other teams used to think about EBM first.
Even sometimes they ask about EBM compatibility because they only know Solidity and for them is Rust something new.
But you choose non-EBM ecosystem and what makes VARA different for Riverdex as VARA is not an EBM?
Yeah, that's a good question.
So EVM chains are familiar, but they come with many limitations.
First, I think everyone knows about the high gas costs during congestion,
the sequential execution, and of course, the most important is the smart contract vulnerabilities that are common on the solidity.
What VARA offers, which is different than an EVM channel or another LL2, is the web assembly, there was some execution. It's more efficient than EVM.
Like we said before, the rust based development,
which is a stronger type safety
and memory safety than solidity.
We don't have the often gas wars
that we have on EVM chains.
Here on Vira, there's's no gas force so consistent low fees
regardless of the network activity and lastly the native parallelism so no waiting in queue
behind other transactions so for a dex where every mile second every cent matters these advantages translate directly to a better
user experience and also like we said before it also offers more safety so it was again
an easy decision than just another decks on another evm or layer 2 chain yeah yeah pretty clear and uh i don't know where if you if you read yesterday
about what vitalik puterin said about ethereum he basically said that the blockchain trilemma
it doesn't exist anymore on ethereum because the Fusaka update, they can solve everything.
Now they are faster, etc.
But I guess that I don't still agree with him 100% because as we know, Ethereum can bring like a faster execution using only the layer twos.
In fact, Fusaka was focused on improving the blob system for the layer twos. In fact, Fusaka was focused on improving the blob system
for the layer twos. And then I guess that it's really important that you share this now with
the community that VARA can provide the security, the speed, the centralization, which was one of the
challenges years ago. And now the great technologies and blockchains like VARA are doing without a problem,
but others like EVMs based basically are still facing the same struggles.
Well, it is like it is in terms of technology, but also the community is important.
And I want to focus now the conversation into the community because you mentioned that VARA is growing also in terms of projects.
And how does Riverdex plan to integrate with other projects in the VARA ecosystem?
Yeah, first of all, I agree with you on the point that you said about Ethereum and what Vitalik said.
I'm with you on that.
I also don't see that really solving most of the problems that EVM has.
And again, like unless they are using the layer twos um yeah so about us and other projects in the
barra ecosystem so basically we see riverdex as a core defy infrastructure for vara our integration
plans include the lending protocols enabling lp tokens as collateral um existing ecosystem
projects so integrations with projects that i think some of them are also today here joining us
on the ama like guardian gara and other native of our projects that we're enabling them to have their trading pairs
on the decks and nft marketplace that is supposed to be launched pretty soon so
token swaps for nft purchases and cross-chain bridges as the bridges deploy on Vara will support also the bridges, the breached assets.
And we're actively talking with our projects in the ecosystem to ensure smooth integrations.
So we are planning to be the harbor of all the Vara project, VARA ecosystem projects tokens on our decks
and they can come and launch their pairs
and offer liquidity
and have their place where they can swap and trade.
Yes, you mentioned Gaia, B-Street, Guardian Protocol.
And also I can mention that there are some other projects that are coming in the VARA ecosystem.
We will have a conversation with them pretty soon.
So please stay tuned, community, because we're going to share more information about new products launching on VARA.
As I mentioned, AMBL, a financial system on top of Vara also, it's here.
Soon we will share with them what is about these products and what is the solution that they have
for the financial system on chain. And also, well, you already know about Gaia, but they are preparing
other updates and other products also that are working really hard to bring more functionalities to the products. Okay, and continue with the
community. What are the liquidity incentives, farming or yield programs that you are planning to launch with Riverdex for the community
Yes, so regarding that we
Actually have a few things that are about to come
We are developing a pool incentive system
Which allow boosting liquidity on specific pools with additional API rewards. We will have pools that not only one asset
will be a yielding asset, but there will be a few,
which is not something that is common on other DEXs.
And of course, on launch, we will have high APY rewards
on specific pools for celebrating the launch of the DEX.
So there's a lot of things to come, some online, some in the coming months,
but I can promise you it will be a very incentivized DEX.
incentivized Dext and also we will offer a lot of other things that not a lot of I don't think
maybe very specific ones or are offering today but we are trying to also in some way
revolutionize the way of incentivizing and farming and yielding works that because in the end
of the day we want everyone to be happy for users the lp providers the traders and also us and so
we're we're there's a lot of things uh under the hood right now and all i can say is just
stay tuned and and you will see as it comes all right and i can share that also
uh like for example what kind of tokens uh the community can bring for me this is important uh
to share with them because basically if you launch an erC20 token on VARA, which is a VARA Fungible Token, BFT, you can provide liquidity and you can start swapping your token into the DEX.
RiverDEX is ready for this and you can find some tokens already, some pairs also, and it's really easy to launch yours so you can you can try it
it's already on testnet and uh as you as you already mentioned umber about like
river tax is currently live on testnet what features are being tested right now
sorry yeah uh yeah so currently on testnet uh what we're testing is the core swap functionality
so token to token exchanges liquidity provision and removal so adding and withdrawing liquidity
also adding and withdrawing liquidity pool creation of course anyone can create new
trading pairs feed distribution sorry distribution ensuring lp rewards are calculated correct
correctly and the ui ux environment so collecting feedback on the interface
um of course and seeing that everything works smoothly and our indexer service
is also being tested to ensure accurate analytics and data display so we are right now we're just
going on and testing every functionality on the decks itself to make sure that it all works as it should. And if there's any issue, to take care of it and resolve it very fast.
And this is a welcome for the community also to try Riverdex.
You can find the website at riverdex.io, R-I-V-R-D-E-X.io,
and there you can try the DEX on testnet.
A lot of people are asking,
when is the RiverDEX launching on mainnet?
We know that for this,
you need to pass a process
before to launch on mainnet.
So what milestones do you need to be achieved before mainnet launch there?
Yes.
So our mainnet checklist includes the testnet stability,
so no critical bags for an extended period the ui polish so initiative
interface ready for mainstream users the documentations of course comprehensive guides
for users and developers to go through. Initial liquidity strategy,
ensuring sufficient liquidity at launch.
And lastly, the emergency procedures.
So, pause mechanisms and incident response plans
just to make sure that in the case of an emergency,
that in the case of an emergency,
everything is set to be tackled right away.
Once we will see that all of these checklists are done
and we pass them correctly,
we should be ready to launch on main end pretty quick okay okay any specific day that
you want to share any alpha you want to share with the community maybe i don't see it
not happening this month, so pretty soon.
I do encourage everyone to go on the testnet and also to play a bit and share your feedback.
It's also always welcome.
But yeah, other than that, stay tuned.
Yeah, I guess this is a good answer
because different things can happen in the way
and any protocol usually works like this.
Like first test all the solution,
all the initial versions
and after launch officially once everything is ready.
So yeah, for sure we will be
stay tuned and um let's see when will be this date uh officially share with the community
okay um all right so the community can try the text is already live on testnet
The text is already live on Testnet and you can find it in the official website.
And what are the early Testnet users or contributors be rewarded in any way?
So do you have any rewards for the early adopters?
So, of course, we welcome and appreciate our OLE community and OLE adopters.
I don't want to make any specific promises, but I can tell you that we definitely are
tracking meaningful testnet participation and contributors and early supporters are
very important to us and we exploring ways to recognize their involvement so again i just
don't want to share too much like i said a few times before stay tuned and let's see okay yep
and um let's uh make a a brief recap about what do you have on riverdex in terms of functionality
now it's a non-testnet you can create a pair if the token is compatible with pft
and also uh you you can use the tokens on on the bridge as uh maybe some of you guys know that
bridge as uh maybe some of you guys know that ethereum bridge is live for vara so you can
basically bring ethereum assets uh to tokens on the ethereum ecosystem then
what is uh the roadmap for riverdex in the upcoming months here what you can share oops
of course maybe it's also um i don't know many things can be like internal, but what can you share with the community about the roadmap?
Okay, yeah, sure.
So near-term roadmap, I would say that quarter one will finish finalizing the testnet testing.
Quarter one will be main at uh with core features as well quarter two you can say
pool incentivize system deployment uh like I said before we will have more than the normal
incentives for pools um so those will also be added I believe in quarter two uh maybe even in quarter one let's see and uh
uh let's say quarter two quarter three advanced features potentially limit orders analytic
dashboard improvements and additional integration so we prefer to under promise right now and over deliver so specific dates
will be announced when we are confident in them but i can tell you that most of the stuff will be
probably ready uh in the next few months um but there will be much more to be added so like I said before it's not just the usual decks
there will be a lot of uh things on these decks a lot of incentives on these decks a lot of ways
for people to yield and to form and I cannot wait uh when everything will be live and for people to actually uh use it and explore but sorry but right now this is what I can share I
don't want like I said to under promise and I'm sorry I prefer to under promise and to over deliver
so let's stay with that and just uh I think it becomes like kind of my my uh famous uh line in this ama but stay tuned and see
yeah yeah yeah i understand a hundred percent uh at least like for example you you can say
that the dex initial version of the dex is live on thisnet and anyone that tried so the next
functionalities will come when the time comes when the times come it's pretty
pretty understandable all right and okay you mentioned also that the user
interface is being called polish so you will improve the interface in the time when the community can share like maybe some initial bug fixes if we finance the community.
But also you share that you have tested and approved the initial version.
Then this will be performed through the time improvements
uh what about like um what advice would you give to someone using a dex for the first time like
what will be to use river text as a newbie
what advice you mean or how to use yeah yeah advice about how to start using driver text
oh okay yeah so it's it's pretty simple uh to be honest first of all get a var wallet um you can install a polka.gs extension or a compatible wallet like talisman and more
get testnet VARA so use the VARA Fouquet visit our website we visit the Riverdex testnet which
is Riverdex like Louis said before riverde index.io and start trading uh swap testnet tokens
and liquidity export features uh you know um deposit withdraw and just like play with it
there no there's no need for any kyc no registration just you know uh pretty straightforward just connect and start exploring
we encourage users to type different features and to report out any issues or suggestions
but like what i say is just like go and have fun play enjoy the playground try and do everything on the decks uh create your own pairs um and deposit liquidity withdraw liquidity trade swap whatever uh whatever you can just
go ahead and do it it's pretty simple so like i said get the vera wallet uh if it's a pocket
gs or any other one and get the testnet vera on the user vera pocket and visit our website go and
testnet and justin you're done you're good to go easy pc okay yeah thank you so much it's uh
it sounds really easy and if you have any questions guys please don't hesitate to share your questions with
river text team or also if you want to reach the vara team we will be always open to help
um okay let's uh we are reaching almost the end of our session there but I invite the community if you want to join us to this talk please just send the
request to start with your microphone and we will activate the rights to your microphone okay so
last but not least I want to talk about challenges that are normal decks can face like for example the slippage lower liquidity or
front running what can you share there about this problem so user usual challenges that any decks
can face yeah uh so you know with every project in the beginning it's very usually you can say
uh best court birth court and in the decks usually it comes into three
categories which is the slippage the low liquidity and front running. So the way that we are planning to handle this three
is regarding the slippage.
So Riverdex uses automatic slippage tolerance,
which is set to 5%.
We show the estimated output before confirming
and transaction revert if the slipp hit exceeds this setting so it's pretty
straightforward users can see it gives a volume information even and if it's exceeded it's gonna
be revert uh regarding uh low liquidity we display liquidity depth so users know what to expect
liquidity depth so users know what to expect our upcoming incentives program will help boost up
liquidity in key pools and of course we have plans to bring more liquidity and for and and boost that in the beginning uh regarding the the last one which is uh common is the front
running so far fast three seconds finality and low cost transactions they basically make front
running significantly less profitable than slower chains the quicker the confirmation time it reduced the the window for a mev attack
extraction so again that's also like security vulnerabilities which one of them is the
front running so because the transactions are very very fast and fair and low cost it makes makes fun running pretty uh less profitable and not worth uh doing so yeah
thank you there it's pretty clear now and then let's make a recap um
now riverdex is ready on testnet and all of you guys can try it if you go to the website
net and all of you guys can try it if you go to the website and you can create your
payers you can create even your own token and just you just need to share the address of your bft
and you can create a pair with your with your uh token and another token already listed on the
another token already listed on the river decks on testnet,
and you can provide liquidity so you can try it
and you can check what are the core functionalities
for this and interact with the platform.
It's ready for you.
Thanks, Bear.
I want to share with the community
that this is a really important step for the VARA ecosystem.
A lot of people were asking about the techs in the past months, and we knew that you were working really hard, but we couldn't share information about this until now, officially.
And thank you that you joined us today to share how it was this journey and that you are ready to share with the community.
And also that you will continue the work on this direction so riverdex can bring new functionalities
and growing with the vara community anything else that you want to share with the with the community
there about river text about you about the project any alpha again maybe so first of all, I want to thank everyone that joined us today for the space.
And I can tell you guys that, like I said before, this is a very important project for
And also, I see there is a very special ecosystem and chain. I do believe that we're gonna come and offer yields and rewards that are very
incentive driven for the community. There's a lot of other plans of things that we may launch in the future like games on the decks have to do with
betting and lottery and so on and there have a lot of fun to do over
things on the desk than just trade and swap that we want to bring and me we
here in River and also you Luis Vera we are doing a lot here in the back scenes to make this ecosystem great and
uh welcome everyone to join us and helping that goal to be achieved and again thank you everyone
i wish you a happy new year and uh yeah i can't wait to start working getting the decks on maintenance
and to start uh getting the ball rolling you can say
yeah thank you and uh thank you everyone not only the one star here because it's important to mention that, for example,
beer is the public person on Riverdex and now I am here to represent the VAR
ecosystem. But there are a lot of people and effort behind all of this in the
team, not only like the public people, but also here, for example, I can see Claire.
Thank you so much, Claire, for staying here, connecting with us today.
And also Karen, they are part of the VARA team.
But also, for example, Vadim, that is a core engineer on gear and Andre. I can see also Andre here and he is like the great architect of different solutions on VAR.
And the ambassadors, I can see also here a lot of ambassadors. Thank you all of you guys because without you this won't be possible now we're sharing a new um a new step on the vara
network with you and we are really happy to share it but also we are really happy that you are here
with us today so thank you all of you guys um let's talk about Riverdex and another sessions.
And if you have any question about this, again, you can reach to Riverdex team RiverDEX is basically try it and share your feedback.
So when the time comes, the DEX will be on mainnet. And if you want to be part of the liquidity
providers, you can do it. If you want to participate on a different feature on the river decks you will be able to
do it also and yep thank you ver for your time uh wikipintouch i hope that we can have another
conversation about river decks in the upcoming weeks congratulations for this milestone. And let's continue the path through the initial and great part of this DeFi ecosystem together.
Thank you, Bert.
Thank you, everybody.
Thank you, Luis.
Thank you, everyone.
Have a great week ahead.
See you.
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