# What is The Nexus

## Welcome To Nexus Protocol <a href="#welcome-to-oracle-swap-on-the-songbird-network" id="welcome-to-oracle-swap-on-the-songbird-network"></a>

What is The Nexus?\
The Nexus is a Multidimensional Decentralized Exchange (DEX) and DeFi Ecosystem, intended to create a unified singularity of different chains such as XDC & XRP EVM!\
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Users can create markets for their own tokens or pre-existing ones by creating liquidity pools to make their assets tradeable.\
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Liquidity providers can put their liquidity tokens into the NexusGenerator to earn more $NEXU and potential Superfarm multi-rewards, which can help mitigate the impermanent loss that comes from being a provider in a decentralized system.\
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Users can stake their $NEXU or $CELEST in multi-staking to earn swap fees, NEXU token inflation and other tokens in the form of Liquidity Tokens.\
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A portion of the swap fees (WXDC/NEXU pair) are used to buy and burn $NEXU which makes the supply long term deflationary.

The Nexus is currently deployed on the XDC Network, XRP EVM Sidechain.