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Chainge Finance officially becomes the most liquid cross-chain crypto trading venue on the market

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In early 2009, bitcoin trading was peer-to-peer, originally through PayPal. However, it was only a few months before the first ramp was launched. Mt Gox and earlier variants were, as expected, rudimentary and centralized. Fast forward less than a decade: crypto trading is a dynamic industry with billions of dollars moving around every day.

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Exchanges are important channels for moving billions of assets between users and chains. As the industry expands and the spread of cryptography, their role will only increase. This growth is especially important as decentralized finance (DeFi) comes to the fore with compelling offerings.

DeFi and the role of liquidity aggregators

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In less than three years, DeFi’s total recorded value (TVL) is in the billions of dollars, with demand driven by the sub-sphere’s value proposition.

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DeFi, as the name suggests, decentralizes finance through smart contracts, allowing users from all over the world to access funds. As exciting as it is, there must be reliable ramps with acceptable levels of liquidity for a smooth token exchange without trust.

Decentralized exchanges (DEXs) run from leading smart contract platforms such as Ethereum and BNB Chain and have a relatively high level of liquidity. However, since there are over a dozen blockchains with active crypto projects whose tokens control hundreds of millions of market capitalization, most traders manually switch between exchanges or use DEX liquidity aggregators.

DEX pooling, such as 1Inch, allows you to seamlessly exchange different tokens listed on different DEXs from the same user interface. Through this, DEX liquidity aggregation saves time and resources, encouraging more users to send funds to DeFi.

However, while liquidity aggregating DEXs play a huge role in DeFi, most of them are single-chain and some are multi-chain, allowing users to aggregate their assets, but none of them have cross-chain aggregation capability. As a result, traders receive fewer tokens than if they could access liquidity on multiple chains at the same time… Oh wait. Now they can.

Chainge Finance: Better Pricing, Cross Chain and Fast Settlements

There is a huge problem that Chainge Finance is currently addressing. Developers of the cross-chain liquidity aggregator DEX have released a blockchain-based trading platform focused on allowing traders to exchange assets in the most liquid environment, providing the best rates.

Exchange of tokens through Chainge Finance does not require storage and is offered through an easy-to-use mobile interface. The platform also has useful asset management tools used by over 400k users for a combined TVL of over $160 million and a total combined liquidity of over $40 billion. The outstanding tools available in Chainge Finance include spot, DEX futures and options, versatile digital assets with cross-chain roaming capabilities, a timeframe module, and more.

Each order initiated by Chainge Finance will be requested on all 20 supported DEXs and “scanned” for the best prices. Once the chords are taken, the order splits into several liquid chains for the trader to get the best prices. It is convenient to see the taken batch in the order details section of the application.

Chainge Finance does this with its own smart router that uses DCRM technology and a swap lookup algorithm. The Smart Router tool looks for integrated DEXs across multiple chains for the best rates to reduce slippage and also sets a route for fast calculation.

Practical example

When a user wants to exchange token A for token B, the smart router will query the DEX and determine real-time liquidity for the A/B pair across all DEXs on each chain.

Considering the cost of gas, the smart router will return the best route to complete the order.

For example, a fixed number of A tokens to be exchanged for Ethereum in the Uniswap DEX + a fixed number of A tokens to be exchanged for the Ethereum chain in Sushiswap DEX + a fixed number of A tokens to be exchanged for the BSC chain in Pancake DEX, and so on until the total amount is reached swap.

After the user places an order, the following steps will be performed:

  1. Token A is included in the Fusion chain (regardless of which chain token A is on)
  2. A transaction was signed to burn all tokens. Universal assets on the merge.
  3. The burn receipt is used to invoke various proxy exchange smart contracts on each chain to use token A on those particular chains to perform the exchange.
  4. Within the slippage, the swap order will be filled.

NB: If the slippage margin is exceeded, the swap trade will only be partially completed and the user will immediately receive back the rest of the A tokens.

This use case should make clear the huge benefits of using the Chainge Finance cross-chain liquidity aggregator, also known as the most liquid DEX on the market.

Chainge Finance has combined over 20 DEXs and 1 aggregator across 9 chains.

Notably, Change Finance’s DCRM technology is patented and developed by the Fusion Foundation in collaboration with some of the world’s leading experts in security and cryptography, including Louis Goubin, professor of computer science at the University of Versailles, and Pascal Payet, Ph.D.

Chainge Finance has already integrated with over 20 DEXs and 1 aggregator on 9 popular blockchains (with more to come). For example, in Ethereum, Chainge Finance integrates 1 inch, Uniswap and SushiSwap. Meanwhile, on the Cronos blockchain, they chose VVS and Cronaswap.

This DeFi protocol is well thought out and head and shoulders above the rest. It is specifically designed to address the existing pain points of inconveniently low liquidity resulting in unfavorable exchange rates, as well as eliminating the need for bridges between chains.

Ultimately, Chainge Finance has developed a platform where traders can confidently exchange assets between networks at the best exchange rates in highly liquid environments and manage their crypto assets backed by top-notch security protocols.

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