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🚨 PI DEX is actively running on the testnet! 🔥
Just open the Pi block explorer, and you’ll see a steady stream of transactions appearing—names like managing buy offers, liquidity pool deposits, path payments… These are the core functions of decentralized exchanges (DEX).
In short:
🟣 🛒 Manage buy offers
Like posting an ad: “Whoever sells the token at this price, I’ll buy!”
This order will wait in the system until someone accepts the offer.
🟣 💧 Liquidity pool deposits
Like funding and setting up a currency exchange booth. You put two assets into the pool so others can trade them, and in return you have the opportunity to earn fees from those trades.
🟣 💸 Path payments strictly sent
You only need to say: “I’m sending exactly this amount of Pi.”
The blockchain will automatically find a way to convert it and send it to the recipient in various tokens.
🟣 🎯 Path payments strictly received
On the other hand, you demand: “The recipient must receive exactly this amount of tokens.”
The blockchain will automatically calculate and find the right transaction path to fulfill the request.
📌 Worth noting?
These operations are no longer just simple Pi transfer transactions.
They’re common, general-purpose functions in the DeFi ecosystem:
✅ Order book
✅ Liquidity pool
✅ Multi-hop swaps
✅ Smart payments across multiple asset classes (path payments)
In other words, the testnet is being used to test key components of the decentralized exchange ecosystem.