ParaSwap Will Integrate Chainlink Keepers to Bring Limit Order Functionality to Its DEX Aggregator.
ParaSwap is pleased to announce that they will integrate Chainlink Keepers on Ethereum to bring limit order functionality to their DEX aggregator protocol. Chainlink Keepers use decentralized and provably reliable off-chain computation to monitor user-defined conditions and then call on-chain functions once conditions are satisfied. ParaSwap will leverage Chainlink Keepers to trigger the execution of users’ limit orders when asset prices cross predefined price points. This will empower traders to better manage their portfolios and hedge against volatility without manual interventions, ultimately helping them sleep better at night.
ParaSwap is a DEX aggregator that routes users’ trades through one or multiple different DEXes to get them the best price with the least amount of slippage. Currently, ParaSwap is compatible with most of the major DEX’s, including Uniswap, SushiSwap, Bancor, Kyber Network, Curve, 0x, and more. ParaSwap not only has the ability to split a single transaction into multiple orders across various DEX’s, but it can also route orders through multiple assets if determined to provide a user the most liquidity.
About Chainlink
Chainlink is the industry standard oracle network for powering hybrid smart contracts. Chainlink Decentralized Oracle Networks provide developers with the largest collection of high-quality data sources and secure off-chain computations to expand the capabilities of smart contracts on any blockchain. Managed by a global, decentralized community, Chainlink currently secures billions of dollars in value for smart contracts across decentralized finance (DeFi), insurance, gaming, and other major industries.
About ParaSwap
ParaSwap aggregates the liquidity of exchanges and lending pools to provide a comprehensive access point to Ethereum’s decentralized finance ecosystem.
With a robust infrastructure harnessing relevant decentralized solutions such as Chainlink’s Price Reference Contracts, a 1000 ETH Nexus Mutual coverage or GasToken (GST2) for gas optimizations, ParaSwap consistently provides its users with the best prices.
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