Atomic swaps allow you to exchange or #swap tokens from different #blockchains in one #Trade with nearly zero #slippage.
Here’s how they work on SYNTHR ⬇️🧵
🟢User executes swap from #ETH to #WBTC on SynthSwap
🟢#DEX aggregator swaps ETH to syETH
🟢syETH is burned
🟢syBTC is swapped for WBTC on DEX aggregator
🟢User receives WBTC
These steps occur within one transaction from a user’s POV, & reduce #slippage costs by over 80%.
Our Atomic Swaps tech enables #DEXs and #Bridges to integrate with us, making SYNTHR a highly #composable protocol that serves utility to the wider #Crypto community; in this case, zero-to-low slippage swaps.
We have already partnered w/ #DeFi protocols such as @routerprotocol , allowing their users to use SYNTHR’s zero-slippage #swapping engine SynthSwap to execute atomic swaps on partner #DEXs such as @_Dfyn ⬇️
SYNTHR’s Atomic Swap tech will bring in more #revenue for the protocol in terms of daily #transactions & therefore more #rewards for SYNTHR’s LPs
(50% of all fees generated on SYNTHR is allocated for rewards to our veSYNTH holders).
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