Innovative Global Aggregated Trading Platform and Its Vision

A certain platform is an innovative all-encompassing aggregation trading platform that integrates the liquidity of the decentralized exchange (DEX) and the centralized exchange (CEX). Its core products include two trading products, a cross-chain bridge, and an embeddable widget.

These two trading products are mainly aimed at a wide range of investors. One of the products caters to the operating habits of SWAP users, while the other is more suitable for the usage habits of CEX users. It is worth noting that both trading products adopt a decentralized design philosophy.

Comprehensive Aggregation of DEX and CEX

As an aggregated trading platform for DEX and CEX, the platform's SWAP feature allows traders to access markets from DEXs like Uniswap and Curve, as well as multiple well-known CEXs simultaneously. This enables the platform to achieve top trading depth of both DEXs and CEXs.

The platform's SWAP function can provide users with the best transaction solutions and prices, including choosing CEX or DEX, determining the routing path for trades, and selecting the most suitable trading pool in Uniswap.

For example, when trying to sell a certain token, the platform may calculate that selling on a certain CEX is nearly 9% more advantageous than selling on Uniswap. However, when buying the same token, the situation may be the opposite; it may be more cost-effective to buy on Uniswap.

While it is not uncommon to aggregate DEX or CEX individually, it is very rare to see an exchange that aggregates both at the same time. Before this platform launched its SWAP feature, there were very few comprehensive aggregation trading platforms in the market.

Decentralized CEX Services

With the SWAP feature of this platform, traders can participate in transactions across multiple CEXs, but there are the following advantages:

1. Users do not need to undergo KYC verification and can bypass some regulatory restrictions. For example, users in certain regions may not be able to use certain CEX directly, but can trade on the platform by connecting their wallets.

2. Compared to trading directly on a DEX, users can enjoy zero transaction fees when they choose to participate in DEX trading through this platform, thereby saving on trading costs.

3. Users only need to connect their wallet to the platform to participate in transactions. Funds are always kept in the user's own wallet rather than deposited in the CEX wallet, allowing users to enjoy the protection of blockchain technology while avoiding the centralization risks of CEX.

The platform provides users with a decentralized CEX service experience.

Innovative Trading Interface

Another trading product of the platform transforms the AMM price curve and presents it in the form of an order book. This virtual order book is created by continuously calculating complex SWAPs to generate more favorable prices.

This product offers a user experience similar to that of a CEX, including candlestick charts and order information (although this order information is virtual). It supports market and limit trading functions.

Other Core Products

cross-chain bridge

The platform's cross-chain bridge utilizes atomic swap technology, combining a series of cryptographic techniques and smart contracts to ensure that both parties adhere to the transaction agreement. In this cross-chain bridge, the user's trading counterpart is the broker. Atomic trading technology protects the interests of both parties, and if any part of the transaction fails, the trade will be automatically canceled and the funds returned to the user.

embedded widget

The platform has developed a widget product that can be embedded in other web pages or applications. Users only need to connect their wallets to participate in aggregated trading on the website where the widget is embedded. This simple UI integration method allows developers to integrate the widget with almost no programming required.

fiat trading support

In addition to providing decentralized CEX trading methods, the platform also offers users fiat trading channels. By embedding third-party payment tools, it allows users to purchase cryptocurrencies using credit cards. Currently supports purchasing USDT, ETH, platform tokens, and BNB, among others.

Fee Distribution Mechanism

Transactions conducted through the DEX have a fee rate of 0.

When trading stablecoins through CEX, the fee rate is 0.03%, of which 0.015% is allocated to the platform and liquidity nodes.

When trading non-stablecoins via CEX, the starting fee rate is 0.28% without a referrer, of which 0.08% is allocated to the platform and 0.2% is the earnings for liquidity nodes. With a referrer, the starting fee rate is 0.25%, of which 0.05% belongs to the platform, 0.1% is allocated to liquidity nodes, and 0.1% is allocated to the referrer network, up to five levels.

The platform's cross-chain bridge service is free of charge.

Financial Infrastructure

liquidity pool

In addition to aggregating major CEX and DEX, this platform has also established its own liquidity pool. The trading pairs of the platform token with BNB and four other coins can lock LP for mining. The trading pair of USDT and the platform token offers the highest annualized yield, with a base annualized yield of 8.76% and a maximum annualized yield of up to 43.83%.

liquidity node

Liquidity nodes (formerly known as brokers) act as trading counterparts for users, executing trades on the respective DEX or CEX. For example, when a user purchases ETH through the platform's SWAP function, if the system determines that the trading price on a certain CEX is more advantageous, the broker sells ETH to the user while simultaneously executing a reverse trade on that CEX to buy ETH. In this way, the user indirectly completes the trade on the CEX.

According to a data platform, the platform's liquidity pool TVL is approximately $6.82 million, the liquidity node TVL is about $1.53 million, and including the staked funds, the total TVL reaches $19.29 million.

Future Development Direction

The platform is developing a new infrastructure layer for its ecosystem aimed at expanding the existing concept of liquidity nodes. This new system will add more liquidity nodes, enhancing the degree of decentralization of the aggregation, and providing users with more stable and better-experienced aggregation trading services.

In the future, the platform will not only be limited to trading products but also aims to become the financial infrastructure layer of the entire DeFi ecosystem. Its vision includes integrating lending applications, addressing sandwich attacks, and capturing MEV, among others.

Under this new system:

1. With the expansion of the aggregation range, traders will have a better experience.
2. Lending users will also benefit from this, gaining more stable interest rates and other advantages.
3. Participants can earn various rewards such as transaction fees, loan liquidation, and arbitrage by becoming nodes in the transaction system, lending products, and on-chain.

Financing Situation

The project raised approximately $3.45 million in mid-2020 through a dynamic token issuance method called (Dynamic Coin Offering, DYCO).

According to a certain data platform, the project raised approximately $2.9 million during the period of March to April 2021.

Recently, the project received a new round of strategic investment from a certain investment institution.

Summary

As an aggregated trading platform, the actual market value of this project may far exceed the scale indicated by its current TVL.

As an innovative pioneer that aggregates both CEX and DEX, this is a project that cannot be overlooked. Its upcoming new system has some similarities with oracles: if oracles transmit data between DEX and CEX, then this new system transmits value between DEX and CEX.

This technology and architecture have the potential to improve the DeFi and trading ecosystem, making both centralized and decentralized financial markets more seamless, and promoting smoother connections between DApps and between DApps and applications like CEX. This not only provides users with a better experience, but nodes participating in the new system may also gain more profit opportunities.