In early 2009, bitcoin trading was initially peer-to-peer via PayPal. However, it took only a few months for the first ramp to be launched. Mount Gox and earlier versions were, as expected, rudimentary and centralized. Fast forward less than a decade, and crypto trading is a vibrant industry with billions transferred every day.
Exchanges are important channels for moving billions of assets between users and chains. As the industry expands and crypto is adopted, their role will only increase. This growth is particularly so when decentralized finance (DeFi) is at the forefront with irresistible propositions.
The Role of DeFi and Liquidity Aggregators
In less than three years, DeFi has captured billions in Total Value Locked (TVL), the demand for which stems from the value proposition of the sub-sector.
As the name suggests, DeFi decentralizes finance using smart contracts, allowing users around the world to access funds. Exciting as it may be, there needs to be a reliable ramp with an acceptable level of liquidity for smooth trustworthy swapping of tokens.
Decentralized exchanges (DEXs) are launched from major smart contracting platforms such as Ethereum and BNB Chain and have relatively high levels of liquidity. However, since there are over a dozen blockchains with active crypto projects that have hundreds of millions in token market cap, most traders are moving between exchanges manually or using liquidity DEX aggregators.
For example, 1Inch, a pooling DEX, enables easy swapping of different tokens listed in different DEXs from a single user interface. By doing this, liquidity-gathering DEXs save time and resources, and encourage more users to invest in DeFi.
Nevertheless, while liquidity-gathering DEXs play a large role in DeFi, most are single-chain and some are multi-chain, allowing its users to bridge their assets, but none have cross-chain aggregation capability, As a result, traders are getting fewer tokens using liquidity on multiple chains at the same time than… oh wait. Now they can.
Ching Finance: Best Pricing, Cross-Chain, and Swift Settlements
There is one big problem that Chainge Finance is currently dealing with. The developers of Cross-Chain Liquidity DEX Aggregator have released a blockchain-based trading venue ledger-focused that ensures traders swap assets in the most liquid environment possible to ensure the best rates.
Token swapping through Chainge Finance is non-custodial and done through an easy-to-use mobile interface. The platform also features useful asset management tools that are used by over 400k users for a combined TVL of over $160 million and total liquidity of over $40 billion. Exclusive tools available at Chainge Finance include Spot, Futures and Options DEX, Universal Digital Asset with cross-chain roaming capabilities, Time-Framing Module and much more.
Every order initiated with Chainge Finance will be queried across all 20 supported DEXs and “crawled” for the best prices. Once the chords are played, the sequence divided into several liquid chains To get the best price to the merchant. The portion taken can be easily viewed in the order details section of the app.
Chainge Finance does this through its proprietary smart-router that leverages DCRM technology and a swap pathfinder algorithm. The Smart Router tool searches integrated DEXs across multiple chains for the best rates for low slippage, while also establishing a route for a faster settlement.
practical example
When a user wishes to swap token A for token B, the smart router will query the DEX and determine the real-time liquidity for the A/B pair across all DEXs on each chain.
Taking into account the cost of gas, Smart Router will return the best route to execute the order.
For example, fixed amount of A tokens to swap on Ethereum in Uniswap DEX + fixed amount of A tokens to swap on Ethereum chain in Sushiswap DEX + fixed amount of A tokens to swap on BSC chain in Pancake DEX , and more until the total swap amount is reached.
After the user has placed the order, the following steps will be executed:
- Token A is wrapped in Fusion Chain (regardless of which chain Token A is on)
- A universal asset is signed on Transaction Fusion to burn all tokens
- Burn receipts are used to call separate proxy swap smart contracts on each chain to execute the swap using token A on those specific chains.
- Within the slippage margin, the swap order will be executed.
Note: If the slippage margin is exceeded, the swap deal will only be partially completed and the user will get the balance of the A token back immediately.
This use case should clearly present the huge benefits of using Chainge Finance cross-chain liquidity aggregator aka The most liquid DEX on the market.
Chainge Finance has added over 20 DEXs and 1 aggregator across 9 chains
Specifically, Change Finance’s DCRM technology is patented and developed by the Fusion Foundation in partnership with some of the world’s leading security and cryptography experts, including Louis Gaubin, Professor of Computer Science at the University of Versailles, and Pascal Pellier, Ph.D. .
Chainge Finance is already integrated into 9 popular blockchains, with over 20 DEXs and 1 aggregator (with many more gradually being added). For example, on Ethereum, Chainge Finance integrates 1 inch, Uniswap and Sushi Swap. Meanwhile, on the Cronos blockchain, they chose VVS and CronSwap.
This DeFi protocol is well thought out and a cut above the rest. It is purposefully designed to address the existing pain points of uncomfortably low liquidity resulting in unfavorable swapping rates as well as eliminating the need to use cross-chain bridges.
Ultimately, Ching Finance has created a platform where traders can cross-chain assets swap at the best swapping rates in a highly liquid environment and manage their crypto assets backed by top-class security protocols.
