What is a DeFi Aggregator (Swap Aggregator)?

08/10/2023 13:38 • NFT Newsflash • 107 views

A DeFi aggregator, also known as DeFi Custodian, is a decentralized trading platform that specializes in providing services for managing cryptocurrency assets. It allows users to combine various tokens into a single fund and invest or sell these tokens to generate profits. DeFi Custodian assesses the risks of different protocols through automated strategies and intelligent algorithms that track the source of funds. It enables seamless transfer of funds between different applications, reducing user costs.

Swap Aggregator

Editor’s note: This article is from 8btc (ID:bitcoin8btc), written by 0x29, and authorized to be published by Planet Daily.

Swap Aggregator is a new project launched by Sushiswap, aiming to provide users with the most convenient liquidity mining and trading experience, as well as a range of services such as token exchange. It allows anyone to earn rewards and fees by simply creating a pool, but currently, most of the liquidity is stored in Sushiswap.

swap.finance is an Ethereum-based aggregation protocol that allows for easy and secure exchange of all assets on the Ethereum network, without worrying about the risks posed by centralized institutions to your counterparty. The platform has customizable price data, price models, and unique algorithms to determine how much premium or transaction fee you are willing to pay. It can also help any user achieve a maximum sliding scale return of up to 100%.

Sushiswap is a decentralized exchange that uses the automated market maker (AMM) mechanism, leveraging the high leverage features provided by Uniswap V2.

The biggest feature of the Swap Aggregator is its support for seamless transactions across multiple platforms, which will improve capital efficiency.

Because it adopts a new AMM mechanism, it can meet different market needs from the beginning, including DEX, lending, stablecoins, and other types of services. “Over time, we hope to see more applications like this,” said Andre Cronje, the founder and CEO of Sushiswap. “When we talk about sushi, we should focus on whether they can bring value to users.” He added that the Swap Aggregator will help users achieve a better user interface and product experience. Additionally, he emphasized that the Swap Aggregator can automatically adjust price ranges as needed to ensure optimal user feedback.

For users, swap.finance provides the following functions: First, the Swap Aggregator can select the best quote based on a portion of the smart contract and convert it into other tokens, eliminating single-point-of-failure issues. To use this feature, a small amount of ETH must be sent from one address to another address; otherwise, system liquidation will be triggered, making each user’s transaction cost-free and without affecting normal execution. Secondly, it can help facilitate fast transactions between various protocols without waiting for a long time.

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What is a DeFi Aggregator (Swap Aggregator)?

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