The Atlas DEX Stable Swap feature will provide cross-chain stable swaps with the tightest spreads and the lowest cost. DeFi transactions will be more effective if the cost of moving stablecoins around the DeFi chains is reduced.

Introduction

Solana, Ethereum, BNB Chain, and Tron are supported by the bridging solution Allbridge. A cross-chain swap designed specifically for dollar-pegged tokens is the Allbridge Core SDK (stablecoins). It works by maintaining liquidity pools for the supported tokens on each blockchain without using wrapped tokens. Incoming tokens go into the pool, and the value of those tokens is sent via the messaging protocol to another chain, which is converted back to the tokens to be paid to the user.

In a dedicated stable swap section, the most recent integration with Allbridge Core will enable a new routing option, enabling frictionless swaps of the stablecoin assets between Ethereum, BNB Chain, Tron, and Solana.

They work together to increase the variety of native cross-chain assets within a practical user interface.

What are some of the advantages for users?

Beyond the 1500+ token pairs we support, the integration of Allbridge Core will offer tighter stablecoin swap spreads. Users can switch between stablecoins at a better swap rate by simply going to the “Stable Swap” window.

A USDT->USDC swap on Atlas DEX Stable Swap

Atlas DEX Stableswaps also provide a better swap rate when compared to other DEXs, DEX aggregators and bridges. From a simple comparison of swap rates, a swap of USDT from Binance to Ethereum on Atlas DEX yields 100.0629USDC. While a similar swap of USDT to USDC on 1Inch, one of the largest DEX Aggregators in DeFi, yields 99.874 USDC. This is a difference of 0.18%.

A USDT->USDC swap on 1Inch

The new stable swap feature, with assistance from their partners at Allbridge Core, released by Atlas DEX, and the company is eager for its users to give it a try.

About Atlas DEX

Pioneering the future of interoperability. Atlas DEX is a cross-chain DEX aggregator, allowing users to trade native tokens seamlessly across leading chains.

Website | Twitter

About Allbridge

Allbridge is a simple, modern, and reliable way to transfer assets between different networks. It is a bridge between both EVM and non-EVM compatible blockchains, that aims to cover L2 solutions and NFT transfers in the future.

Website | Twitter

SOURCE

https://medium.com/atlas-dex-education/stable-swap-product-feature-release-e951c568f54a

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The post Atlas DEX Cross-chain Stable Swap with Allbridge appeared first on Smart Liquidity Research.

Snowflake announced a partnership with the Atlas DEX platform, to allow scheduled recurring cross-chain swaps powered by Atlas DEX. The platform is using Snowflake to vest and distribute native ATS tokens to a variety of individuals.

Users can swap between multiple chains, such as Ethereum, Binance Chain, Polygon, Avalanche, and Solana. They have strong relationships with many different protocols in the DeFi space. Atlas DEX announced their latest collaboration, this time with Snowflake, a Multisig and Automation Platform on Solana.

What Exactly are Multisignature Wallets?

A multi-signature wallet enables a group of users to approve a transaction before it is carried out. Before a transaction, such as a payment or withdrawal, can be executed, many individuals and teams prefer that multiple parties sign off on it. This provides greater security by distributing responsibility for your digital assets to multiple parties and avoiding a single point of failure in the event of a compromised individual or wallet.

Partnership Highlights

Snowflake is a Multisig Operating System for Teams on Solana, with native automation and a rich app store designed to meet the needs of every team. Snowflake enables users to send future scheduled transactions from a secure, centralized location that requires multiple sign-offs before any transaction. Atlas DEX is currently vesting and sending native ATS tokens to a variety of individuals using Snowflake’s Token Vesting, which can be found in the Snowflake app store.

What’s next for Atlas DEX and Snowflake Collaborations?

Their goal is to provide their users with the most feature-rich cross-chain swaps platform possible. They currently have a number of institutions and DAOs interested in swapping tokens on a recurring basis in order to ‘Dollar Cost Average’ into that token. Assume you have a large amount of USDC that you would like to exchange for ETH on a daily basis. To do so on Solana, you must currently manually swap the token into Atlas DEX; however, with this future Snowflake Integration, users will only need to schedule recurring swaps once, and they will be able to set-and-forget their regular swap.

Furthermore, teams hoping to use Atlas DEX via a secure Multisig will be able to do so as a result of this collaboration. This opens up a plethora of opportunities for Snowflake’s teams and institutions looking to acquire assets cross-chain with their institutional funds.

About Atlas DEX

Pioneering the future of interoperability. Atlas DEX is a cross-chain DEX aggregator, allowing users to trade native tokens seamlessly across leading chains.

Website | Twitter

About Snowflake

Snowflake Safe — the most secure & feature-rich multisig platform on Solana. A multi-signature wallet allows a group of users to approve a transaction before executed. Many individuals and teams desire to have multiple parties sign off on a transaction, such as payments or withdrawals before its executed. This allows for more robust security, as it spreads the responsibility of your digital assets to multiple parties, and avoids a single point of failure in the case of a compromised individual or wallet.

Website |  Twitter

SOURCE

https://medium.com/atlas-dex-education/atlas-dex-x-snowflake-partnership-vesting-case-study-c5085b521642

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