A new decentralized exchange whose goal is to provide a frictionless token swap experience on the EOS network just launched. It is called YOLO.

YOLO claims that the audience it’s targeting is general public, rather than traders. The exchange claims to provide an instant token swap experience and uses term “swap” rather than “trade” to create a “simplified” trading experience. However, one should not forget that there is still trading happening behind the scenes. So if you want to be in control of your trades, this simplification may not necessarily be right for you.

YOLO technology is supported by Kyber Network, which runs a highly popular decentralized exchange on the Ethereum network.

To try out YOLO, you can sign in with Scatter, just like you would with the multitude of other EOS DEXs. As of now there is only a number of tokens available for swapping. But the team promises that this number will grow fast:

You can read the official announcement here and the interview with YOLO’s head of growth here to get a better understanding of the principles behind the new DEX.