Dexalot Launches New Features to Enhance User Experience
Dexalot, a decentralized exchange (DEX) operating on an Avalanche Subnet, has introduced two significant features: SimpleSwap and SimpleView. These features aim to provide traders with AMM-style swaps and improved portfolio visibility, respectively.
As a central limit order book (CLOB) exchange, Dexalot offers more advanced trading tools than traditional DEXs. To offer users the best of both worlds – the simplicity of a DEX and the advanced trading capabilities of a centralized exchange (CEX) – Dexalot has launched SimpleSwap and SimpleView.
SimpleSwap: Combining CLOB with AMM Atomic Swaps
Scheduled to go live on September 19, 2023, SimpleSwap allows users to enjoy the tight spreads and excellent pricing of a CLOB while utilizing the familiar interface of AMM atomic swaps commonly found in DeFi. This feature will complement Dexalot’s existing order book format, enabling traders to swap between tokens quickly and easily.
Traders can execute trades using SimpleSwap directly on the Dexalot platform or through third-party aggregators, expanding accessibility for users who prefer different trading platforms. This integration with multiple aggregators ensures that traders can benefit from Dexalot’s superior pricing.
SimpleView: Quick-Look Portfolio Abstraction
To enhance user experience further, Dexalot has released SimpleView. This feature allows traders to check their portfolio status at a glance, providing a quick overview of their assets’ value and composition. With assets spread across various markets in CLOB exchanges, it can be challenging for traders to keep track of their tokens. SimpleView simplifies this process.
Berk Ozdogan, head of strategy at Dexalot, expressed enthusiasm for SimpleSwap, stating that it offers capital-efficient liquidity and atomic transaction capabilities without compromising on liquidity quality. Matthew Schmenk, BD at Ava Labs, praised Dexalot’s central limit order book architecture, anticipating that SimpleSwap will attract significant swap routes and volumes.
About Dexalot
Dexalot is a decentralized exchange that provides a centralized exchange’s look and feel in a decentralized on-chain application. Powered by Avalanche, Dexalot’s CLOB DEX offers users a secure and efficient trading environment with no slippage or custody risk. The platform has processed over 17 million transactions since its launch on the Avalanche Subnet and has a daily trading volume of up to $5 million.
For more information about Dexalot, visit their website.
Contact
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Hot Take: Dexalot Enhances Trading Experience with SimpleSwap and SimpleView
Dexalot’s introduction of SimpleSwap and SimpleView features demonstrates its commitment to improving user experience in the decentralized exchange space. By combining the advantages of a central limit order book with the simplicity of atomic swaps, traders can enjoy tight spreads, excellent pricing, and quick token swaps. Additionally, the SimpleView feature addresses the challenge of managing assets across various markets by providing traders with a convenient overview of their portfolio. With these new features, Dexalot aims to offer traders the best of both decentralized and centralized exchanges while ensuring security and efficiency in their trading activities.
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