How it can change swaps

Von Krypto News Österreich

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From modest beginnings, cryptocurrencies have developed into a distributed industry in which thousands of independent ecosystems are embedded. Each ecosystem usually has its own digital asset standard and potentially hundreds of independent tokens that enable access to various services within the ecosystem

maintaining the large token portfolios required to navigate optimally through all of these ecosystems A tedious and labor-intensive task, especially for occasional crypto users.

For example, look at

a user of Ethereum blockchain who has some ETH. To play a game on a service within Ethereum, he needs the native tokens of this game platform because the ETH is no longer applicable. In this context, the purchase and maintenance of hundreds of different tokens within the Ethereum ecosystem is not only impractical, but also quite expensive. This is exactly why swap services were created for the crypto room.

With these services, users can exchange a token for an equivalent value of another token if necessary, without having to buy and maintain tokens for hundreds of services within the ecosystem. In principle, a good and obvious idea, but your practical application has become a challenge due to the recent increase in gas fees and transaction times for swaps on Ethereum.

But now, the start of the Expx Finance Protocol on the Binance Smart Chain (BSC) promises to change a typical swap scenario forever.

exchange made easy

External finance is a decentralized stock exchange, earnings agriculture platform and multi-asset portal manager for the BSC-Ökosystem. With a transaction speed of less than three seconds and minimal gas fees for each transaction, Expx on BSC is the ultimate alternative to ether-based dexs for exchange and trade. Even the biggest swaps can be carried out on the platform with minimal slip.

The best part, however, is the Smart Transaction Routing function from Expx. On Expx, users can create and provide liquidity for token pools that contain up to eight different tokens to facilitate diversification. With the smart transaction routing function, users can not only replace tokens within these pools, but also between they. Consider this example:

assumed that a single pool on Expx contains BNB, Busd and Cake and another pool has WBNB, ETH and USD; Users can easily exchange BNB for ETH between these two pools with the Smart Transaction Routing function.

As long as the required tokens are available everywhere in the network of available pools in sufficient quantities, Expx users can simply select the source and target token, and the protocol creates an optimal route to facilitate this exchange.

swaps like this are the first of their kind and make it possible to better use their existing assets to navigate between different ecosystems and manage their portfolios. They also eliminate the need that users have to switch between different swap protocols in search of an optimal swap rate.

the dex for the future of defi

Although Ethereum is currently the largest defi ecosystem, it has turned out that the network has not been built for the mass adoption. Therefore, Dexs and other protocols based on Ethereum are continued to suffocate from High gas fees and network overload.

The BSC successfully solves these problems and is a perfect platform for projects such as Expx to offer defi users a better promise of performance.