Introducing Streaming Swaps: Improving Capital Efficiency for DeFi Users
THORSwap, a multichain decentralized exchange aggregator, has launched a new feature called Streaming Swaps. This feature is designed to enhance capital efficiency for decentralized finance (DeFi) users who want to execute large trades. By reducing slippage and optimizing price execution, THORSwap aims to attract new users, liquidity, and volume.
Key Points:
– Slippage, the difference between expected and actual transaction prices, occurs when volatility is high or market liquidity is low.
– Previously, executing large trades on THORChain required manually dividing the swap into smaller transactions, resulting in higher gas fees.
– With Streaming Swaps, large swaps are broken down internally on THORChain, resulting in a single outbound transaction and potentially a more favorable average price.
– The goal of Streaming Swaps is to outperform centralized exchanges (CEX) in terms of speed, privacy, and price execution.
– The native token for THORChain, RUNE, has seen a 1% increase in the past 24 hours, reaching 93 cents. The total value locked stands at around $90 million.
Hot Take: Enhancing DeFi Trading Efficiency
THORSwap’s Streaming Swaps feature addresses a common challenge in DeFi trading by reducing slippage and optimizing price execution. By streamlining large swaps on THORChain, users can achieve better average prices and save on gas fees. This innovation aims to attract more users to decentralized exchanges and further establish DeFi as a viable alternative to centralized exchanges. With the increasing popularity of DeFi, THORSwap’s focus on capital efficiency is a step towards improving the overall user experience and attracting more liquidity and volume to the platform.
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