Jun 1, 2022
Chainge will become the most liquid Web3.0 Trading Venue on the crypto market. Period.
As the number of assets and chains on the crypto market continue to grow, existing exchanges are affected by one major setback: lack of liquidity.
While some half-way aggregating solutions have emerged, the issue still persists since they are limited to the chains they “live” on (can only aggregate liquidity from 1 single chain) or even if they are multi-chain they still rely on low-liquidity bridges and don’t actually access liquidity across multiple chains but rather just bridge the assets post-swap; meaning the prices they return are still far from ideal - particularly for sizeable trades where slippage can go through the roof.
Thus, traders are forced to switch between several DEXs & wallets to buy/sell assets and have to use inefficient bridging solutions to move assets from one chain to another
But worry not because Chainge will soon launch the first actual cross-chain liquidity aggregator on the market, Chainge Finance will instantly become the most liquid DEX in the crypto space by aggregating liquidity from 20 DEXs across 10 chains (in its first version. With more chains and DEXs to be gradually added)
Finding the best trading prices currently requires crypto users to either manually scan all DEXs or use partially inefficient/limiting liquidity aggregators. What Chainge brings forth is the one cross-chain DEX to rule them all: a unique cross-chain liquidity aggregation solution that not only automatically scans the most liquid DEXs on the market but also splits the order across (up to) 10 chains in order to ensure the absolute best swap price.
While the main benefit for traders is already obvious, let’s take an in-depth look at the “why’s” and “how’s” behind the Chainge cross-chain liquidity aggregator.
How will it work?
The primary goal of the Chainge cross-chain DEX aggregator is to provide traders with the best exchange rates (compared to any other DEX or liquidity aggregation platform), a user-friendly process and minimum transaction times.
Chainge combines the unique DCRM cross-chain technology and a cross-chain swap pathfinder algorithm to facilitate traders’ cross-chain swap orders. Simply put, Chainge crawls all active DEXs to find the best transaction rate for the user’s target pair swap & then automatically helps him split the order between 20 DEXs across 10 chains.
Use Case
Swapping USDC for ETH
What happens in the backend?
- The Chainge DEX algorithm searches the local database containing all DEXs integrated with the supported chains for the USDC & ETH pair
- Chainge finds the DEXs with the lowest slippage rates for the specific pair and determines the best chain(s) to transfer the assets to
- The assets are automatically sent to the target chain(s) and the pre-determined amount of USDC is split among the DEXs, then swapped
- The user receives the max amount of ETH he could possibly get for his USDC in a couple of minutes, outranking any other potential DEX involved in the operation
⚠️ If the slippage margin is exceeded, the swap will be only partially completed and the user will immediately get the remaining portion of A tokens back.
Chainge versus competitors
While some liquidity aggregation solutions have started emerging, they present a couple of key issue that still slow down the pace towards mass adoption. The most notable bottlenecks remain:
- Harsh limitations when it comes to multiple chains and assets, meaning that the existing aggregators usually aggregate liquidity from a single chain at a time and put at the users’ disposal a fairly low number of assets. Not to mention the basic routing algorithms that don’t actually return the best prices since they don’t access enough liquidity.
- These DEX aggregators still seriously lack in the UX department, users being forced to connect different wallets to the aggregator in order to use it and/or to manually swap or cross-chain their assets between different protocols which is time consuming.
Chainge Finance solves both aforementioned roadblocks by aggregating liquidity across 10 chains, putting at the users’ disposal an all-in-one solution that serves both as a UX-friendly wallet and cross-chain aggregated DEX that provides various asset management tools.
While Chainge already surpassed old school bridging solutions and eased cross-chain operations by offering its’ users the most convenient way of moving assets from one chain to another, deploying the liquidity aggregator on top of the cross-chain roaming protocol is a definite game-changer in the crypto sphere.
How secure is the Chainge aggregator?
The Chainge aggregator is 100% secure because its reliance on the patented Fusion DCRM tech. So far, there were 0 hacking incidents on the Fusion chain. But even in the extreme situation of a hack happening on the Chainge server, hackers cannot transfer assets through TSS, because TSS is controlled by consensus nodes. There are 117 DCRM nodes. DCRM’s TSSs were all developed by the Fusion team and audited by four top cryptographers & security experts.
Where will the Chainge cross-chain aggregator pull liquidity from?
The first version of the Chainge aggregator will aggregate liquidity as follows:
ETH: Uniswap, Sushiswap
BSC: 1inch, Pancake, Biswap, Apeswap
HECO: Mdex, Bxhswap
AVAX: 1inch, Traderjoe, Pangolin
MATIC: Quickswap, Sushiswap
CRO: Vvs, Cronaswap
ARB: 1inch, Sushiswap
FTM: 1inch, Spookyswap, Spiritswap
OKT: Cherryswap, KSwap
Polygon: 1inch
In the near future, Chainge will also connect DEXs across non-evm-compatible chains such as Near, Elrond, Algorand, Cosmos or Polkadot.
Furthermore, Chainge also plans on listing hundreds of new tokens (as long as their liquidity surpasses 100,000 U)
This ultimately means that users will never have to switch between different chains and/or different DEXs since all will be integrated in Chainge.
To conclude, Chainge will soon become the most liquid trading venue on the market, guaranteeing its users the absolute best prices for their trades.
The beta test version of the app including the liquidity aggregator is available on the Appstore (which will be updated and officially launched after testing is completed) while the Android version is still in alpha testing and is to be released soon.
