dForce Product Upgrade
dForce product upgrade has been done. dForce Trade has been upgraded to support a variety of cryptocurrencies (vs. the previous versions supporting DF and USX only). All dForce users will now be able to trade, swap, lend, borrow, and mint USX all from dForce’s portal.
The updated dForce Trade version 1 (V1) aims to create a better trading experience by aggregating liquidity across different DEXes. Using different market depths within the same protocol.
Furthermore, users can instantly swap ANY token for ANY token supports by DEXes. The dForce Trade will split the order amongst different platforms. Using an API containing an efficient routing algorithm, which finds the best possible paths in the shortest possible time.
In the to-be-launched dForce Trade version 2 (V2), dForce aim to develop it into a cross-chain liquidity aggregation protocol. Facilitate a seamless flow of liquidity across different blockchains, which will further power a thriving multi-chain ecosystem for dForce.
Users are able to edit slippage percentage and gas fees to adjust the processing time for the transaction. Users do not get charges any fees to swap tokens through dForce Trade. The goal of dForce Trade is to help users find the most cost-efficient way to exchange all the cryptocurrency assets supported for trading.
What is dForce Trade?
dForce Trade is a DEX aggregator utilizing an algorithm to search for the best trading price and aggregate proper liquidity across multiple platforms to deliver an optimized trade.
dForce’s protocol scrapes many decentralized exchanges to find the cheapest platform, accounting for fees and the price of the asset itself. It then splits a swap deal between several decentralized exchanges, achieving an overall better price than a swap on any single exchange. A DEX aggregator’s main task is to offer users better swap rates than any specific DEX can offer and do that in the shortest possible time. Other major tasks are protecting users from price impact and reducing the probability of failed transactions.
dForce Trade now deploys across Ethereum mainnet, BSC, Arbitrum, and Optimism.
ABOUT dForce
dForce is an integrated and interoperable platform for opening finance protocols, covering lending, assets, and trading.
