Ruby.Exchange uses collectible NFT "gemstones" to deliver permissioned rewards, including trading fee rebates and yield farming APY boosts. Because Ruby is built on the SKALE network for Ethereum, there are no gas costs and no front-running.
Ruby.Exchange is an NFT-powered AMM built on the SKALE network for Ethereum. Many of its unique features result from the functionality provided by SKALE.
All trades on Ruby are gas-free, allowing users to trade or stake any amount of funds efficiently. Transactions have fast finality, meaning they are confirmed almost immediately on the blockchain.
SKALE also encrypts every transaction using threshold encryption, with validators only decrypting them once they are confirmed. This means the contents of a transaction cannot be viewed until they are permanently recorded on the blockchain, effectively preventing the front-running and MEV attacks that plague Ethereum mainnet.
Decentralized file storage allows Ruby to hold all NFT images and metadata on the blockchain, ensuring that it is always accessible. Finally, the SKALE IMA Bridge enables fast, decentralized, and secure transactions between SKALE Chains and back to Ethereum mainnet.
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