The cryptocurrency-powered Brave browser has revealed plans to add a decentralized exchange (DEX) aggregator to its platform in a bid to bring the decentralized finance (DeFi) space closer to its millions of users.
According to an update to its roadmap, Brave is planning on enabling token swaps through a decentralized exchange aggregator built on Brave, that would bring distinct advantages to Basic Attention Token (BAT) holders.
These include discounts when using BAT to pay for transactions fee, discounts for users that simply hold the token in their wallet, and multi-chain support allowing them to trade on other blockchains. The roadmap update also hints at the launch of a DEX where “Brave will incentivize liquidity providers to grow the BAT and broader crypto ecosystems.”
The browser is also planning layer-two scaling solutions and other optimizations to allow users “with as little as $1 in BAT earnings” to access decentralized finance.
Currently, Brave browser users can earn BAT tokens by viewing ads on the browser. These tokens can then be accumulated, or used to reward content creators throughout the web according to the time users spend on their content.
Decrypt quotes Brave CEO and co-founder Brendan Eich as saying one of the platform’s goals is to “make tokens and crypto easy to use for all of our users.” The decentralized exchange Brave plans to create “could help achieve this goal by enabling users to exchange BAT and other assets at lower fees, and with better user interface and security.”
Brave already shows users widgets for centralized cryptocurrency trading platforms like Binance, Gemini, and others. These appear on new tab pages and allow users to connect to the exchanges without moving to their websites, potentially avoiding phishing schemes.
The browser’s team is also planning on improving its community outreach by providing regular updates about the status of its initiatives, AMAs with team members, expanding its community, and more.
Most users of the privacy-centric browser do not use its cryptocurrency features, it’s worth noting, according to Eich. In May of last year, when Brave had 13.8 million monthly active users, only about 1.7 million were using its BAT ad program.
Featured image via Pixabay.