STEPN Launches Its Own Multi-Chain DEX DOOAR

Move-to-Earn Web3 platform STEPN announced on August 17 its launch of DOOAR, a multi-chain decentralized exchange (DEX) built by Find Satoshi Lab for STEPN users and beyond, with a brand new UI/UX design.

STEPN is a Solana mobile app within which users can earn GST tokens by walking, running, or jogging, while DOOAR is a platform seeking to channel sustainability into STEPN’s ecosystem and giving back to the community at the same time.

STEPN unveiled the plan as early as June this year to boost liquidity for its GST and GMT tokens and take full control of the fee structure. At that time, it said the plan would undergo three stages.

The first is a STEPN in-app swap without an independent front end, and the swap only serves users within the STEPN app. The second stage is a DEX with a front end. Anyone can provide liquidity to GST/USDC & GMT/USDC pairs. The last stage is a DEX with a front end, and anyone can create liquidity pools for other tokens.

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A July report by CoinDesk showed that with about 77,000 daily active users, according to data from Dune, STEPN’s DOOAR had surpassed Solana-based DEX Orca.