Thread by @hashflownetwork

1/ Today we are incredibly excited to announce Hashflow, a decentralized exchange that lets you trade trustlessly with crypto’s top market makers. What does this mean for you? Simply—better prices, no slippage, and rock-bottom gas fees. Sounds too good to be true?

Thread 👇

2/ In the past year, #DeFi has exploded. AMM volumes in particular are through the roof. This was the key “lego block” that unlocked DeFi summer.

Without AMMs, we wouldn’t have the liquidity needed to build out this parallel financial ecosystem. So first, thank you to AMMs 🙏

3/ That said, AMMs are just token vending machines. They’re always on, and will always give you tokens, but you might not get a good price, and you may end up with way less than you expected. They work… but you might have to kick the vending machine a few times.

https://twitter.com/jessewldn/status/1378193638358978565

4/ For the average degen trader, in practice, this has meant front-running bots, sandwich attacks, high gas fees, and the dreaded…

⚠️Warning! Error encountered during contract execution [Reverted]

Congratulations, you just paid $12 for a failed transaction due to slippage 🙃

5/ For market makers, providing liquidity to AMMs meant sitting in liquidity pools, getting hit by impermanent loss and paying high gas fees to change strategies.

What about all the great pricing strategies they deploy on order book exchanges? Nope, can’t use them! Only x*y=k

6/ What if there was a way for market makers to bring all their hard-earned experience to #DeFi? Then traders could get better prices, avoid paying gas for price calculations on-chain, and never worry about slippage limits again!

7/ Good news, that’s what we built! In the words of bitcoiners… Hashflow fixes this.

8/ Hashflow connects traders to the best market makers in crypto, all on-chain. This means you can trade in a trustless manner (just like you would on other #decentralized exchanges). Non-custodial, instant settlement on-chain, and most importantly... easy!

9/ The secret sauce is having market makers sign quotes with their private keys and validating those digital signatures on Hashflow’s smart contracts. Once a transaction lands on-chain, the assets are swapped between your wallet and the market maker’s liquidity pool.

10/ Not convinced? Don’t take it from us—check out @hosseeb’s post on Hashflow:

medium.com/dragonfly-rese…

11/ Want early access to our private alpha? Sign up here: hashflow.com

12/ And shout-out to our early alpha testers and community—it’s been incredible to see all your reactions and feedback so far!

Join the us on Discord: discord.com/invite/7R5kgpp…

13/ Last but not least, big thanks to all our MMs, investors & early supporters! We’re deeply honored :)

@dragonfly_cap @electriccapital @alamedaresearch #Metastable @galaxydigitalhq @IDEOVentures @arringtonXRPcap @ledger_prime @genesisblockhk @GumiCryptos @morningstar_vc

14/ Shout-outs:

@ana_andrianova @arrington @balajis @dberenzon @delitzer @kaiynne @kichsr @lwsnbaker @MikeZajko @mrjasonchoi @nanexcool @ricburton @RyanSAdams @thePalenimbus and many more!