Chainge Finance has announced that it will release a unique cross-chain liquidity aggregation solution, which will provide traders with the best exchange rates (compared to any other DEX or liquidity aggregation platform), a user-friendly process and minimal transaction times .
As the number of assets and blockchains in the crypto market continues to grow, existing exchanges are hit by a major setback: a lack of liquidity. Traders, on the other hand, inconveniently have to switch between multiple DEXs and wallets to buy/sell assets.
To address the issues mentioned above, Chainge Finance will soon launch a cross-chain liquidity aggregator in collaboration with 20 DEXs on 9 blockchains, including:
- ETH: Uniswap, Sushiswap
- BSc: Pancake, Biswap, Appswap
- HECO: Mdex, Bxhswap
- AVAX: TraderJo’s, Pangolin
- MATIC: QuickSwap, SushiSwap
- CRO: VVS, CRONSWAP
- erb: sushiswap
- FTM: SpookySwap, SpiritSwap
- OKT: CherrySwap, KSwap
In addition, Chainge will aggregate DEXs in non-EVM blockchains such as Near, Elrond, Algorand, Cosmos, or Polkadot.
In addition, Chainge plans to launch hundreds of new tokens (as long as the token liquidity exceeds 100000 U), meaning users no longer need to switch between different blockchains.
Currently, the common problems faced by some of the liquidity aggregation solutions on the market lie in the tight restrictions on multiple blockchains and assets, as well as a serious lack of DEX aggregators in the UX department.
These problems mean that existing aggregators can only aggregate liquidity from one blockchain at a time, and provide users with few assets, not to mention basic routing algorithms that don’t really return the best value because They don’t get enough liquidity.
At the same time, users are forced to connect different wallets to aggregators and manually exchange their assets between different protocols, which is time-consuming.
Chainge’s cross-chain DEX aggregator can provide traders with the best exchange rates (compared to any other DEX or liquidity aggregation platform), user-friendly processes, and the shortest trading times.
Chainge combines the unique DCRM cross-chain technology with the Cross-Chain Swap Pathfinder algorithm to facilitate cross-chain swap orders for merchants.
In a nutshell, Chainge will crawl all active DEXs to find the best transaction rate for the user’s target pair exchange, and then automatically help him split orders among 20 DEXs across 9 blockchains.
Not only that, Chainge provides users with an all-in-one solution that can be used not only as a user-friendly wallet, but also as a cross-chain aggregation DEX Which provides various asset management tools.
Currently, Chainge has gone beyond traditional bridging solutions and simplified cross-chain operations by providing its users the most convenient way to transfer assets from one chain to another.
At the same time, it is also a reformer in the crypto sector that deploys liquidity aggregators on cross-chain roaming protocols.
When it comes to token swaps, for example, a user is going to swap an A token for a B token. If the liquidity of the B token is insufficient, slippage protection will be triggered immediately.
At this time, only part of the A token swap transaction will be successfully completed, while the remaining A tokens will be returned to the user.
Here is an example of how to convert USDC to ETH on Chang’e:
- The Chainge DEX algorithm can search the local database for USD and ETH pairs in the database which includes all DEXs integrated with the support chain.
- Chainge will find the DEX with the lowest sliding rate for a specific pair and determine the best chain for the asset to move against.
- The asset will automatically be sent to the target chain, and a predetermined number of USDCs will be split among the DEXs before being swapped.
- Within minutes, users will receive the maximum number of ETH they can receive from their USDC, which will outperform any other potential DEX involved in the operation.
For anyone who wants to maximize the benefits of the emerging DeFi economy, Ching is able to provide the most intuitive, reliable and profitable tools and guarantee the best prices for token swaps.
Founded in December 2020, Chainge is a multi-chain DeFi app. It serves as a gateway into the world of decentralized and automated finance.
Chainge brings a unique cross-chain liquidity aggregation solution that not only automatically scans the most liquid DEXs in the market, but also helps users find the best swap prices.