FalconSwap Order Aggregation Launch

FalconSwap announces the launch of FalconSwap Order aggregation feature is now LIVE on Ethereum mainnet.

Order aggregation has been one of the supporting pillars of the FalconSwap protocol which also led to many innovative features including gasless pools and Privacy trading which are both unique and cutting edge technologies in the blockchain ecosystem.

Before you place your first order on the order aggregation platform; Here’s a quick overview that will help you in understanding how FalconSwap V2 order aggregation works. Familiarising with the platform will help you in understanding how to make the best of the order aggregation feature and at the same time understand the capabilities and the limitations of the platform.

How it works

1. Once you deposit the funds in the Falconswap contract, you are set to trade for low gas fees through aggregation. You can access FalconSwap aggregation on https://app.falconswap.exchange .
2. To trade a token with reduced fees, select the pair and click swap. If there is no other order waiting for aggregation, your order will be added to the FalconSwap pending pool (FPP). Once the order is added to FPP it will be displayed on the right side of the trading screen.
3. If there is another order waiting for aggregation in FPP when you place an order, the Falconswap aggregation relayer will validate the orders and then combine the orders to be sent to underlying liquidity pools. A minimum of 2 orders are aggregated but if more orders are received with the second order, they are may be added in the validation and aggregation pool.

There are a few decision choices that we made for the launch of the order aggregation feature:

1. A separate contract for aggregation and xPrivacy — The contract for aggregation has now been separated from xPrivacy contract. This is being done to improve efficiencies for both features. Aggregation requires high gas optimization which xPrivacy will grow to be a feature that can support all types of tokens without the need for adding trading pairs. Our team has already conceptualised the V3 of the xPrivacy feature which will support all tokens from the underlying liquidity pools.
2. Removing time-based cycles — FalconSwap V1 uses time-based cycles where all transactions received during the cycle are aggregated. This was resulting in the lack of additional orders during the 30-second window. Triggering a transaction has changed from time based to the number of orders to adjust the system as per the demand for a specific token.
3. Choosing minimum 2 orders for aggregation — FalconSwap is currently set to trigger aggregation at a minimum of 2 orders as we aim to maintain lower waiting times for the users during the early days (although the aggregation has been tested for over 100 transactions). Moreover, the higher wait times may also lead to slippage. As the platform grows, the minimum number of orders can be increased to achieve optimum performance.

If you experience any issues, you can report the bugs on https://github.com/FalconSwap/frontend/issues or contact our team for any enhancement feedbacks.

What is FalconSwap?

Falcon swap is a layer-2 scaling solution built on Uniswap and further extendable to aggregate other DeFi platforms like Mooniswap, Kyber, Balancer, Airswap, Bancor etc.

📰 INFO:

https://medium.com/falconswap/falconswap-order-aggregation-launch-4bf4b654a52b