OpenSwap DEX Aggregator Now Supports Polygon!
OpenSwap proceeds to moving our DEX Aggregator to another chain, this time — Polygon (MATIC), which is one of the choices listed in our ongoing governance poll, if you haven’t voted yet, remember to do so by staking $OSWAP in the governance portal before the deadline!
For the time being, it screens SushiSwap and QuickSwap for their exchange rates for different tokens. If MATIC wins the poll, we will deploy our Hybrid Smart Router on Polygon and integrate with more DEXes to go out of our way through different and potentially multiple DEXes to find out the best deals for our users.
For the loyal trolls who have been following us on BSC, Polygon is the biggest layer 2 solution for Ethereum. Like Avalanche, it is also fast, cheap. It has around ~400k-600k daily users. It also is the 7th biggest chain in terms of TVL behind Ethereum, Terra, Binance Smart Chain, Avalanche etc.
OpenSwap solving DeFi pain points
For DeFi users who are new to OpenSwap, we are a platform that will solve the problem of scattered liquidity across different chains as one of our many core offerings. Currently, our offerings include our liquidity queue that allows users to swap with zero slippage, our DEX Aggregator, which helps to screen decentralized exchanges for the best price for their swaps, and our Hybrid Smart Router is currently available on Binance Smart Chain. In time, we will aim to potentially route through several DEXs to provide an even better price, even across multiple chains.
By taking this step, we hope to extend our services to DeFi users on Polygon. With our single-asset crosschain bridge — the Open Interchain Protocol — launching in the coming months, we strongly believe that our progress will bring us another step closer to solving the problem of fragmented liquidity.
OpenSwap is the world’s first DEX providing on-chain swaps at zero slippage and multi-chain arbitrage opportunities. As the DeFi universe continues to expand, liquidity becomes increasingly scattered across multiple chains and the situation is poised to get worse as new chains emerge with individual DEXs on each chain. The OpenSwap team has been working for the past several months on building up a vision of a comprehensive one-stop DeFi hub that offers the best on-chain pricing, multi-chain arbitrage, and zero slippage, allowing users to experience revolutionary benefits through optimizing their trades through unique features such as Liquidity Queues, Hybrid Smart Router, and Open Interchain Protocol.