Hydra DEX Launches Multi-Hop Swapping Functionality
We are happy to announce that the Hydra DEX just got a major addition to its feature set: multi-hop swapping
Until now, swaps were only possible between direct pool pairs. For example, if you wanted to swap DAI for WBTC, you had to go through the following two swaps:
DAI → HYDRA (through the HYDRA/DAI pool)
HYDRA → WBTC (through the HYDRA/WBTC pool)
While this is sufficient to effectively swap any asset for any other asset, it is rather inconvenient as a process.
With the latest deployment, users can now swap directly between any two assets available on the Hydra DEX, regardless of how many pools are involved. The interface will automatically suggest you the most efficient route once you enter your desired swap:
Note the “Route” information shown at the bottom of the info box. In the example above, the DEX has correctly identified the most efficient route of DAI → HYDRA → WBTC and will construct the swap in a way that the swaps inbetween happen automatically in one go.
The route calculation takes into account the following information, to identify the one with the lowest cost:
- Transaction Fees
→ Less hops result in lower transaction fees as the swap needs to interact with fewer pools
- Cumulative Slippage
→ The pool with the lowest liquidity depth usually defines the total slippage cost of the swap. Therefore it is possible that in some cases going through an additional hop may end up cheaper for the user, if it avoids a low-liquidity pool in the process
- Arbitrage Opportunities
→ If there is an arbitrage opportunity between Hydra DEX liquidity pools, the interface will take advantage of it for the benefit of the user. Please note that the system can only take advantage of arbitrage within the Hydra DEX. External liquidity or centralized exchanges are not known to the route constructor
In addition to simplifying the experience and unlocking exponentially more swapping combinations, it will also save users transaction fees through fewer and more efficient transactions being executed.
We hope that the traders of our community will enjoy this new feature and are looking forward to the next deployments!
👉 Join the Hydra Community
HYDRA is a proof-of-stake blockchain optimized for real-world businesses. It tackles some of the most profound and challenging issues with existing blockchain economies and introduces a truly shared economy with fair treatment to all network participants. Some of the more notable features:
🔥 100% Burn of all Transaction Fees
💎 50% Royalty on Gas for Smart Contract Creators → More Info
📌 Fixed Coin Transaction Fees of $0.20 → More Info
📌 Fixed Token Transaction Fees of $0.50 → More Info
💰 20% Minimum APR Staking Income → Staking Calculator
📈 Up to 540 TPS Elastic Capacity
🔏 EVM Compatible Smart Contract Platform
⚙️ Wallet-Level Scalability → More Info
🗳 Unique Decentralized Governance Protocol
