In this article, you will learn about exchanging your crypto assets using YaspFi MetaDEX
MetaDEX aggregates quotes from multiple decentralized exchanges (DEXes) in DeFi into one — allowing you to receive the best price. Additionally, YaspFi MetaDEX allows for implementing additional features or abstraction layers beyond the typical functionality of a standard DEX. It could involve features like advanced order types, enhanced liquidity mechanisms, and other innovations aimed at improving the user experience and efficiency of trading.
Because YaspFi aggregates quotes from all reliable and trustworthy DEXes around DeFi space, the MetaDEX will always show you the best exchange rate available.
YaspFi MetaDEX aggregates best offers from multiple DEX aggregators and individual DEXes such as ParaSwap, 0x, OpenOcean, KyberSwap etc., offering the best quote while taking into account price rates on different exchanges and transaction costs.
Decentralized exchanges operate without an intermediary organization for clearing transactions, relying instead on self-executing smart contracts to facilitate trading. Liquidity in such a model comes not from the market maker, but from "farmers", who combined their assets into pools for liquidity providing. Farmers are incentivized to provide liquidity because they get a commission fee for every transaction.
Slippage is the difference between what was expected and what actually occurred. Slippage is the amount of money lost or gained as a result of market fluctuations while executing an order.