Axial is the value pegged asset exchange with the focus on native Avalanche application through the use of secure contracts. Axial brings new solution to bridge derivatives and synthetic assets. Axial is created by the same team as snowball.
Axial opposite swaps basically designed for bridge assets with low fees and low slippage. In addition to that axial also supports for the derivatives and synthetic assets.
An example of common dervative tokens on avalanche would be a received token by lending avax on banker joe. The received token would be a representative of how much avax you deposited. Let's say you want to move avax from banker joe to the banky, rather than trading in received token for your avax, and then depositing avax into the banky you could use axial to simply trade your banker joe received token for a banky one.
By creating a new liquidity pools for derivatives axial will pegged the way for new opportunities in the avalanche ecosystem.
Tokenomics
The axial token has a total supply of 365M tokens. 50% of which will be use as an incentives to the liquidity providers and 20% of which will be given as an incentives to those who participating in the snowball governance through staking snowball tokens.
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Conclusion
At the end of the day, Axial is a truly native Avalanche protocol. From the governance structures and smart contracts, to the assets supported, Axial will always hesitate to introduce external factors when axial's ecosystem can be fully self-contained and more robust. Axial places great importance in developing native tools for Avalanche, since there is no one better to appeal to the needs of axial's community than the community itself.