AshSwap DEX Aggregator has become an essential DeFi tool to serve thousands of MultiversX users daily, offering them seamless transaction experiences.
With the release of AshSwap Aggregator v2, we are excited to introduce some significant improvements that will enhance the user experience and expand the platform’s capabilities.
Let’s dive into notable changes.
Streamlined EGLD Transactions: Wrapping and Unwrapping Simplified
One of the major updates in AshSwap Aggregator v2 concerns the handling of wrapping and unwrapping EGLD.
In the past, swapping to or from EGLD was a somewhat cumbersome process, requiring two separate transactions: one to the aggregator and another to the wEGLD contract for wrapping or unwrapping EGLD. This process had its drawbacks:
- Dual Transaction System: Users had to navigate through two distinct transactions, making the process more complex and time-consuming.
- Dependency and Failure Risks: If the wrapping transaction failed, it impacted the aggregate transaction as well. Conversely, a failed unwrapping transaction left users with wEGLD, necessitating an additional step to unwrap it manually.
In v2, we have innovatively integrated the wrap/unwrap function directly into the aggregate transaction.
This integration offers several benefits:
- Single Transaction Process: Both wrapping and unwrapping EGLD are now part of the same transaction as the aggregate one, simplifying the user experience.
- Reduced Failure Risks: Integrating these actions into one transaction minimizes the risk of failed transactions and unwanted outcomes.
Enhanced Revenue Model for SDK Integrators and UI Providers
Configuring Integration Fees
AshSwap Aggregator v2 introduces a new revenue model that allows SDK integrators and UI providers to charge a fee to their platform users. This update opens up a new revenue stream for platform partners and encourages more integration.
The integration workflow is as follows:
- Fee Subtraction: Protocols register their desired fee subtraction by contacting our CEO, Neil Nguyen. The configuration process will be executed through the AshSwap SDK.
- Platform Fee Sharing: If a platform fee is set, AshSwap will take 20% of these fees. This model encourages integrators to build and maintain high-quality services, knowing they retain a significant portion of the fees.
- Revenue Distribution to veASH holders: The 100% platform fees collected by AshSwap will be entirely redistributed to benefit AshSwap Governance, which is veASH holders. This approach not only incentivizes the governance stakers but also aligns their interests with AshSwap’s growth.
Soft Rules
A new set of soft rules is being applied to our integrators and UI providers. For more detailed information on configuration and the rules, please visit AshSwap Documentation.
Conclusion
AshSwap Aggregator v2 marks a significant step forward in the platform’s evolution. By streamlining EGLD transactions and introducing a new revenue model for integrators, DeFi users on MultiversX can now enjoy a more robust and friendly experience.
About AshSwap
AshSwap is the pioneer One-stop DeFi Hub on MultiversX with a top-notch set of DeFi features, such as stable-swap, DEX Aggregator, and Perpetual Trading (AshPerp)
The ASH token has more use cases than just farming rewards. ASH stakers (aka veASH holders) can earn real yields from revenue-sharing and govern the protocol’s metrics by voting for the AshDAO Proposal and Farm Weight to maximize their yields while getting more incentives through Bribe.
