Get the Best Price on Fully Decentralized Trades with DEX.AG in MEW web and MEW wallet app
We know we say this a lot, but it’s true: you are not really getting the most out of crypto if you are not taking advantage of decentralization. When you manage your assets through a centralized, custodial wallet or exchange, you are certainly a crypto investor, but you are not in full control of your funds. In fact, fully centralized crypto is not all that different from traditional banking, but that’s not what you’re here for.
MEW already gives you plenty of easy ways to manage crypto in a decentralized wallet — whether you prefer a hardware device, a Chrome extension, or a mobile app. Decentralized exchanges sometimes get a bad rep for not being user-friendly, but with the new DEX.AG integration in MEW, you have not one, but an entire selection of the most popular decentralized exchanges right in your wallet — no need to send your tokens anywhere else. The especially awesome part? You know that you are getting the best and most accurate swap price possible. Here’s how.
Price discovery mechanism
The DEX.AG price discovery mechanism is designed to bring price accuracy as close as possible to each individual Ethereum block. Instead of waiting for price data provided by APIs, DEX.AG looks at each block to derive prices less than a second after their addition to the blockchain, which can make a big difference in a volatile market. With DEX.AG in the MEW interface, you can get the best possible price and complete a fully decentralized swap in under a minute.
Currently, DEX.AG aggregates prices from the following exchanges: 0x V3, Bancor, Curve, Oasis, Synthetix, Uniswap, and Kyber, which is already familiar to MEW users. The list is impressive and always being updated to represent the best of the DEX platforms out there, but DEX.AG goes beyond price comparisons.
The X Blaster is a unique feature (with a pretty cool name, we might add) that splits up a trade into smaller ones and spreads them across a few DEXes to optimize the rate that you are getting. This approach also guarantees that there will be enough liquidity and minimal slippage, whatever the trade size — which is good, because there are no limits on swaps through DEX.AG.
Use on MEW web or in the MEW wallet app
If you still haven’t tried our MEW wallet app, the DEX.AG integration might be the best reason yet to give it a go. It’s one thing to get access to fully decentralized trades from your wallet interface on the computer, as MEW users have been able to do for a while, but a whole different deal when you can do it right from your smartphone. Just go to Exchange, select Swap tokens, and choose what you want to trade. MEW finds the best rate for you, and you’re done in just a few clicks.
Tokens on the Ethereum blockchain open an entire world of crypto opportunities, especially those related to stablecoins and decentralized finance instruments. There is no better time to explore that world, and no better place than on MEW with DEX.AG. Give it a try today, and let us know what you think!
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