Cryptocurrency trading platform Changelly has launched a massive update to its decentralised finance (DeFi) Swap decentralised exchange (DEX). The changes aim to increase the number of benefits of using DeFi platforms, namely to optimise transaction costs and processing speeds.
With the latest changes, Changelly users can swap “thousands of tokens” across Ethereum, Polygon, Avalance, BNB Smart Chain, Fantom, and Optimism networks.
The new DeFi Swap will function as a liquidity aggregator via its smart router. This will search for optimal swap executions across liquidity providers and suggest measures to conduct transactions.
Users will have access to benefits such as over 3,500 DeFi tokens, beneficial rates, and growing liquidity sources with over 100 connected DEXs.
Still plenty of time left to participate in the event and potentially win some USDT 🚀🎁 https://t.co/vdjESPhG5b
— Changelly (@Changelly_team) February 9, 2023
To promote the update, the crypto platform will offer prizes of a share of 100 Tether (USDT) by completing DeFi swaps by 13 February. The user with the largest transaction by volume will also receive 100 USDT.
The news comes after Changelly introduced its DeFi Swap in September last year to optimise cryptocurrency transactions. The initiative, powered by Yet Another DeFi (YAD), uses its Smart Router options to provide optimised rates.
