Generative Art Platform Fxhash Secures $5M in Seed Funding Round Led by 1kx
The Seed Round Fxhash, the groundbreaking generative art platform and marketplace, has successfully closed an oversubscribed $5 million seed fundraising round. Spearheading this investment initiative was 1kx, an early-stage crypto-focused venture capital firm renowned for its strategic ecosystem growth investments. Founded in 2021, Fxhash has emerged as the...
The Crunchy Aggregator – DEX Trade Routing For Optimal Tezos DeFi Swaps
The Crunchy DEX Aggregator supports the following DEXs/Pools: Quipuswap, Plenty, Youves, SpicySwap, Vortex, and the tzBTC liquidity pool.
The Tezos USDT coin is now supported and Crunchy recently added Youves, Quipuswap and PlentyDeFi stable pools to the DEX aggregator, enabling the most optimal stablecoin trading routes.
By: Lee Evans
31 July 2022
Disclaimer
Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.
The Crunchy DEX Aggregator works by analyzing price and pool data across multiple DEXs, it then generates a trade route for the user that gives you the most optimal Tezos DeFi swaps.
The aggregator analyzes several API endpoints across Tezos-based DEXs for price and pool data.
This enables the aggregate to calculate price and liquidity data for each token on each DEX in the DeFi ecosystem.
Depending on the token and amount in the swap, the aggregate will use this data to generate the optimal swap route, ensuring you are getting the most from your trade.
The Crunchy application goes farther than generating a single pool swap by utilizing something called “split pool weighted trading”.
These additional calculations allows a trade to utilize multiple pools for the same token across multiple DEXs, further optimizing the trade.
You will find this feature comparable to that of the 1inch DEX on Ethereum.
The Tezos USDT coin is now supported and Crunchy recently added Youves, Quipuswap and PlentyDeFi stable pools to the DEX aggregator, enabling the most optimal stablecoin trading routes.
There is a 0.1% fee on aggregate swaps. 50% of fee goes to the treasury, the other 50% goes to the $CRUNCH buy and burn contract (this buys Crunch on open market and sends it to the fire pit).
Crunchy are testing additional route optimization techniques with their split pool trading mechanic to finds ways to further increase the optimization of trades.
Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.
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