Krystal DeFi
Published in

Krystal DeFi

Introducing ‘SmartSwap’: Krystal’s Split Trade Order Routing Algorithm Brings You the Best Token Swap Rates

Updated (March 8, 2022): Addition of Fantom and Cronos networks

Krystal, your one-stop platform to access all popular decentralised finance (DeFi) services, is making headway in enhancing our ‘Swap’ service! We’re pleased to introduce SmartSwap: a smart liquidity aggregator that helps you achieve the best prices for any token swap on any of our supported chains: Ethereum, BNB Smart Chain (BSC), Polygon, Avalanche, Fantom and Cronos.

Since its launch, Krystal’s Swap service has provided users with convenient trading access to thousands of tokens. By aggregating multiple decentralized exchanges (DEXes) on our platform, users can browse from multiple DEXes to pick the one that gives them the best rates. As we introduce SmartSwap today, we will yet again improve your token swap experience on Krystal.

Powered by smart contract technology and complemented with an API containing a discovery & routing algorithm, SmartSwap optimizes your trade orders by splitting and routing them through multiple DEXes within the same chain, to get you the best rates with minimum slippage. The rates you get on SmartSwap is superior to what you would have gotten from trading on a single exchange.

At launch, SmartSwap will source tokens from 21 popular DEXs across all our supported chains.

This includes top DEXes on each chain: Uniswap, Curve, PancakeSwap, Trader Joe, KyberDMM, SushiSwap, QuickSwap et. al. More DEXes will be added in the future to get even better rates; leading DEXes on other networks will be added when Krystal supports them in the near future.

“Best rates on all token swaps you said? Won’t believe til I try it!”

Yes, try to believe it.

Step 1: Visit the Krystal website, or download the Krystal Mobile App

Step 2: Select your preferred blockchain network

At the time of writing, Krystal supports token swaps on Ethereum, BSC, Polygon, Avalanche, Fantom and Cronos.

Step 3: Go to the ‘Swap’ page, and select two tokens you wish to swap

As a DEX aggregator, Krystal’s UI will present all options and recommend the option with the best rate and lowest slippage, according to your trade size. For most (if not all trades), SmartSwap will be the recommended option.

Within a single transaction, SmartSwap’s algorithm splits your trade order and routes them through multiple DEXes within the same chain, giving you the best rates with minimum slippage.

SmartSwap optimizes your trade orders by splitting and routing them through multiple DEXes within the same chain, to get you the best rates

You will be able to see how much you will save from this trade by using SmartSwap over the next best option.

For example, I want to swap 100 BNB to BUSD. Compared to routing my trade via a single DEX (eg. KyberDMM), routing my trade via SmartSwap will save me $100.

Other exciting features on Krystal

Other than token swaps, Krystal supports other DeFi services as well.

Earn

Simply deposit tokens in any of our integrated protocols (Aave, Compound, Venus) to earn interest on any idle assets.

Portfolio Management Tools

  • Wallet Management — Create a wallet, import your existing wallets and add watched wallets.
  • Advanced account summary — Our sleek display shows you an overview of all your wallet assets on all our supported chains. You will be able to see your assets in the wallet, assets that are earning interest and all your liquidity provider tokens.

Krystal Referral Programme

The Krystal Referral Programme is Krystal’s exclusive rewards program.

When you refer friends to Krystal, both you and your friends will be eligible to claim rewards in BUSD.

The more friends you refer and the higher volume they trade, the higher the rewards that you can receive!

You can find out more about our Referral Programme on our support page.

KrystalGO: IDO/INO Launchpad

KrystalGO is a launchpad that allows community members to participate in public rounds of funding by various token projects.

By trading on Krystal, users can accumulate points to qualify for any token launches.

To learn more about KrystalGO, you can read more about it here.

More features coming to Krystal

At Krystal, our longtime endeavour is to be every user’s go-to one-stop platform where you can get the best out of all popular DeFi services. In the seven months since Krystal’s launch in April 2021, we have already achieved milestones in our product roadmap:

  1. Expanded to support multiple chains (BSC, Polygon, Avalanche)
  2. Revamped and launched an improved user interface
  3. Taken the first step towards supporting NFTs
  4. Launched our very own token sale platform, KrystalGO

Today, we have taken one step forward in enhancing our ‘Swap’ service. We will continue to improve existing features and support new features. This includes adding more blockchains, improving access to passive income by allowing users to securely do staking, manage liquidity pools and yield farming.

Join the Krystal family by subscribing to our social media channels to be the first to know about any exciting new updates from us.

About Krystal:

Krystal is a multi-chain platform to easily access popular DeFi services and manage NFTs.

Krystal functions as a convenient single point of access to transact with leading protocols on multiple blockchains. This includes KyberDMM, Uniswap, Aave, Compound, Venus Protocol, PancakeSwap, SushiSwap, QuickSwap & Pangolin et.al. To date, Krystal supports 23 DeFi services on 6blockchains — Ethereum mainnet, BNB Smart Chain, Polygon, Avalanche, Fantom and Cronos.

With Krystal, users can swap tokens, earn passive income, manage NFTs, participate in token sales via its launchpad KrystalGO, and access cutting edge portfolio management and market insights tools. Topping it off, Krystal’s one-of-a-kind rewards program earns users bonus incentives when they trade or successfully refer friends. Since its launch in April 2021, Krystal now attracts more than 80,000 monthly active users worldwide.

Navigate the DeFi Space now with Krystal!

For APK and other ways to download, please refer to the Krystal website at http://krystal.app

Social Media

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store