(EN) AutoSwap v1 Launch

This post was originally published on Autofarm

AutoSwap v1 Launch

AutoSwap is a Decentralised Exchange (DEX) aggregator on Binance Smart Chain (BSC) which was designed in-house by the Autofarm team. The DEX aggregator is powered by intelligent algorithms so that users will be able to find the best prices and swap rates (with lowest slippage) when making swaps in Decentralised Finance (DeFi). This is achieved by splitting users’ trades into different routes across the different DEXes based on the available liquidity on each DEX.

Credits go to: @mildgiraffe for designing the algorithm, @shieldedpenguin for implementing parallel execution using multi-threaded programming (ie, make the routing algorithm scalable), and @fmnxl for implementing the lovely front-end & back-end algorithm optimisations (with the help of mathematician).

In the coming weeks and months based on the Roadmap, Autofarm will be deploying its DEX aggregator across the other chains such as Huobi ECO Chain (HECO), Polkadot, and xDai.

AutoSwap v1 UI

The AutoSwap Advantage

User experience is one of our topmost priority and AutoSwap fits perfectly with our goal of wanting to create a seamless, hassle-free product that helps users by automating their DeFi experience. Using AutoSwap, users no longer have to search high and low or navigate through multiple websites just to make swaps. Additionally, users can also benefit from these various ways:

  • Convenience (aggregates liquidity from multiple DEXes)
  • Lowest slippage possible
  • Intelligent routing algorithm (transparently displayed on UI)
  • Better swap rates than using the individual DEX directly
  • No additional fees for using AutoSwap

DEXes Supported

To kick-off the launch of our DEX aggregator, we have integrated 3 popular DEXes available on BSC, namely:

  • PancakeSwap
  • BakerySwap
  • JulSwap

What can users look forward to

We’ll be working hard on improving AutoSwap while on the fly and some of the improvements that users can look forward to are:

  • Algorithm optimisations for routing
  • Increased the number of DEXes which we route to
  • UI/UX improvements (increased number of features — graphs, gas estimations, etc.)
  • Info analytics page

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biswap


(EN) AutoSwap v1 Launch was originally published in autofarm.network on Medium, where people are continuing the conversation by highlighting and responding to this story.

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