Key Takeaways
- 3Route claims that it could save users up to around 50% in costs
- Tezos-based 3Route enables cost-efficient and secure swap transactions across multiple liquidity sources
- 3Route enables users to cut costs by utilizing most of the Tezos DEXes’ liquidity in one secure swap
3Route, a decentralized exchange protocol, has launched a new on-chain DEX aggregator powered by the energy-efficient blockchain, Tezos.
The 3Route Protocol is a next generation DEXes aggregator built by Baking Bad, an independent Tezos blockchain development team focused on making Tezos available to the masses.
The automated routing engine of 3Route atomically optimizes trades across multiple liquidity sources. This allows 3Route to offer users with the best rates and low slippages without any service fees.
3Route Protocol facilitates cost-efficient on-chain transactions across various DEXes in Tezos ecosystem.
The 3Route algorithm identifies the best trading routes across more than 200 liquidity pools of Tezos supported DEXes including: Sirius DEX, QuipuSwap, Youves, Plenty, Vortex, SpicySwap, Ctez Swap and WTZ Swap.
The Protocol also splits the trade volume between several advantageous routes in order to deliver the most price-efficient option for user’s swap. At the same time the protocol doesn’t charge any additional fees. In practice it can save users up to 50% in costs, especially for high volume trades.
The 3Route protocol also implements smart contracts for execution of the swaps, so all the multiple liquidity sources are utilized via one atomic smart contract call. This allows users to gain the maximum probability of successful execution with minimal slippage.
According to the company, 3Route could save users up to around 50% in costs as the 3Route protocol helps to use DEXes liquidity in a much more efficient way.
For now it’s a beta version of the 3Route protocol and 3Route plans to make it more efficient and offer users the best possible prices.
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