Chainge Finance officially becomes the most liquid cross-chain crypto trading venue on the market
June 07 2022 - 3:00AM
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In early 2009, Bitcoin trading was peer-to-peer, initially via
PayPal. However, it only took 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 later,
and crypto trading is a vibrant industry with billions moved every
day. Exchanges are critical channels for moving billions of assets
between users and chains. As the industry expands and crypto finds
adoption, their role will only be magnified. This rise is
especially when decentralized finance (DeFi) is at the fore,
dangling irresistible offers. DeFi and the Role of Liquidity
Aggregators In less than three years, DeFi commands billions in
Total Value Locked (TVL), with demand stemming from the
sub-sphere’s value proposition. DeFi is, as the name suggests,
decentralizing finance using smart contracts, allowing users from
across the globe to access funds. Exciting as it may be, there must
be reliable ramps with acceptable levels of liquidity for smooth
trustless swapping of tokens. Decentralized exchanges (DEXes) are
launched from leading smart contracting platforms like Ethereum and
the BNB Chain and have relatively high levels of liquidity.
However, since there are more than a dozen blockchains with active
crypto projects whose tokens command hundreds of millions in market
cap, most traders have been manually hopping between exchanges or
using liquidity DEX aggregators. Aggregating DEXes, for example,
1Inch, enables smooth swapping of different tokens listed in
various DEXes from one user interface. By doing this, liquidity
aggregating DEXes saves time and resources, encouraging more users
to channel funds into DeFi. Nonetheless, while liquidity
aggregating DEXes play a massive role in DeFi, most are
single-chain and a few multi-chain, allowing its users to bridge
their assets, but none have cross-chain aggregation capabilities.
As a result, traders receive fewer tokens than they would if they
could access liquidity on multiple chains at the same time… Oh,
wait. Now they can. Chainge Finance: Best Pricing, Cross-Chain, and
Swift Settlement There’s a huge problem that Chainge Finance is
currently tackling. The cross-chain liquidity DEX aggregator’s
developers have released a blockchain-based trading venue
laser-focused on ensuring traders swap assets in the most liquid
environment ensuring the best rates. Swapping tokens via Chainge
Finance is non-custodial and offered through a simple-to-use mobile
interface. The platform also features useful asset management tools
used by over 400k users for a combined TVL of more than $160
million and a total aggregated liquidity of over $40 Billion.
Distinguished tools available in Chainge Finance include a spot,
futures, and options DEX, universal digital assets with cross-chain
roaming capabilities, a time-framing module, and more. Every order
initiated from Chainge Finance will be queried in all 20 supported
DEXes and “crawled” for the best prices. Once the chords are
struck, the order is split across multiple liquid chains for the
trader to receive the best prices. The part taken can be
conveniently viewed in the app’s order details section. Chainge
Finance does this through its proprietary smart-router that
leverages DCRM technology and a swap pathfinder algorithm. The
Smart Router tool searches integrated DEXes across multiple chains
for the best rates for lower slippage while also establishing a
route for a swift settlement. Practical example When a user wants
to swap token A for token B, the smart router will query the DEXs
and determine real-time liquidity for the A/B pair in all DEXs on
each chain. Taking gas cost into consideration, the smart router
will return the best route to execute the order. For
instance, the fixed amount of A tokens to swap on the Ethereum in
Uniswap DEX + the fixed amount of A tokens to swap on the Ethereum
chain in Sushiswap DEX + the fixed amount of A tokens to swap on
the BSC chain in Pancake DEX, and more until the total swap amount
is reached. After the user places the order, the following steps
will be executed: Token A is wrapped into the fusion chain (no
matter what chain token A is on) The transaction to burn all token
A universal assets on fusion is signed The burn receipt is used to
call different proxy swap smart contracts on each chain to use
token A on those specific chains to execute the swap. Within the
slippage margin, the swap order will be executed. NB: If the
slippage margin is exceeded, the swap deal will be only partially
completed and the user will immediately get the remaining portion
of A tokens back. This use case should render obvious the huge
advantages of using the Chainge Finance cross-chain liquidity
aggregator aka the most liquid DEX on the market. Chainge Finance
has Incorporated over 20 DEXes and 1 aggregator across 9 chains
Notably, Change Finance’s DCRM Technology is patented and developed
by Fusion Foundation in partnership with some of the world’s
leading security and cryptography experts, including Louis Goubin,
Professor of Computer Science at the University of Versailles, and
Pascal Paillier, Ph.D. Chainge Finance has already integrated with
more than 20 DEXes and 1 aggregator across 9 popular blockchains,
(with lots more to be gradually added). For example, on Ethereum,
Chainge Finance integrates 1inch, Uniswap and SushiSwap. Meanwhile,
in the Cronos blockchain, they have chosen VVS and Cronaswap. This
DeFi protocol is well-thought-out and is a cut above the rest. It
is purposefully designed to resolve existing pain points of
inconveniently low liquidity resulting in unfavorable swapping
rates as well as eliminating the need to use cross-chain bridges.
Ultimately, Chainge Finance has designed a platform where traders
can confidently swap cross-chain assets at the best swapping rates
in highly liquid environments and manage their crypto assets backed
up by top-grade security protocols.
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