DEX aggregators contribute to crypto adoption by addressing liquidity issues associated with independent DEXs
, but selecting the right DEX is not an easy task. Besides looking for convenience and an intuitive interface, crypto traders face several challenges with DEXs that can greatly affect their trading activity.
and by general market volatility inherent to crypto assets. On CEXes, price slippage is traditionally mitigated by using limit orders. Unfortunately, in DeFi limit order functionality is still rather a good-to-have luxury than a standard. Unclear transaction fees — most DEXs are transparent about their standard fee, but there may be variable costs, such as gas fees, that are not fully explained by some DEX services. On top of that, some DEXs offer better rates but at high slippage, while other exchanges offer poor rates for lower slippage.
The lack of sufficient liquidity is one of the most ardent problems DEXs face, and aggregators address this issue by giving traders access to multiple DEXs at once. By securing more liquidity, DEX aggregators offer better price discovery and reduce the risk of price slippage. They can also split orders across multiple DEXs to further diminish slippage.
YAD puts great emphasis on user experience, making the trading process similar to that of a CEX. The aggregator offers two view modes: the simple mode for beginners and another mode for those who want to access all the relevant information prior to conducting a swap, including the price action and the optimal swap route. YAD automatically finds the fastest route and offers the best rates.
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