Ravendex is a Cardano blockchain-based decentralized exchange. It enables blockchain participants to offer liquidity and establish a market for others to swap their native tokens. Swappers pay a modest charge in exchange for this service, while liquidity providers get a return on their Investment. Ravendex will be a decentralized automated market maker protocol that will enable users to swap and trade native cardano tokens in a trustless manner. A cross-chain swap enables trading tokens across different blockchains without using an intermediary party (e.g. an exchange service) in the process.

Ravendex follows the HTLC protocol to create a trustless environment for the decentralized exchange of assets. The protocol guarantees that if all participants agree, the swap will take place. On the contrary, each participant should receive their locked funds back if some of them decide not to conclude the process.