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A decentralized exchange (DEX) is a cryptocurrency exchange that operates in a decentralized way, without a central authority.
The DEXs industry currently faces issues to stabilize asset prices. This means that the trader might end up paying more than the actual market price of the token.
Actual DEXs are not capable of supporting a wide range of cryptocurrencies due to the lack of interoperability and liquidity. They also lack intuitiveness and are more suitable for advanced traders.
Moreover, the EGG supplies Automated Market Making services to reduce and even bene fi t large spreads, with the help of arbitrage tools.
DEXs Aggregation Integrating major decentralized exchanges from multiple blockchains is key for users to take advantage DeFi’s best opportunities. The most famous cryptocurrencies as well as promising trending assets appearing on new blockchains are not all in the same DeFi place. A transparent arbitrage takes place at every trade to help users bene fi t from best prices.
Reduced Fees On the trading section of your pro fi le, the trade will automatically propose the best route, based on several criteria, proposing cheapest prices for your selected output assets. These factors are the price of the token, gas costs and available liquidity. Such a method will enable notable global earnings on the long run.
Rebalancing Slippage It is important to note that no fee is retained by the EGG protocol on simple trades; users incur a small amount of slippage during rebalancing. The cheapest route being automatically found amongst multiple blockchains and applications, slippage is reduced to its minimum (cf. Bridges chapter below). However, a 0 to 0.1% fee is applied on advanced cross-chain trading using EGG’s routing system and a 0 to 1% fee using Fiat On Ramps.
Slippage is the difference between the expected price of a trade and the price at which the trade is executed. This means that when there is an imbalance in the number of trade volumes, prices, sellers, and buyers, the prices will then change to adjust to the next available price on the market. EGG becomes its own automated market maker.
During this process, the changing ratio for under-collateralized tokens in exchange for over-collateralized tokens naturally changes the net asset value, as some of the value is either taken out or added in by the rebalancing liquidity provider. This change in net asset value is the rebalancing slippage.
Bridges Blockchain bridges enable interoperability between vastly different networks, such as Ethereum and Polygon, and between one parent blockchain and its child chain, called a sidechain, which either operates under different consensus rules or inherits its security from the parent blockchain (e.g., Ethereum Rollups).
Bridges can also drastically reduce fees. By automatically finding the cheapest route, the transaction fee being taken into account, our tools lead to a very low approach.
We bring a solution where all the bridges are synchronized in order to allow an invisible interoperability for the user, it is simply materialized by larger asset lists in the swappers (for trading and yield farming).
Fiat On & Off Ramps While millions of people worldwide have already purchased and invested in cryptocurrency, the process still can be a little challenging at first. An intuitive and straightforward on-ramp process is essential for crypto adoption to continue.
Since direct fi at exchange is not a feature of many coin exchanges, and others have only on-ramp (or limited off-ramp) capabilities, payment solutions that offer a seamless on- and off-ramp functionality are extremely attractive for both new and existing cryptocurrency users.
Here at EGG, we provide a frictionless integration of 30 Fiat Currencies as inputs for any DeFi action, such as token swaps or yield farming.