📄Overview
At the heart of Chainge’s cross-chain DEX aggregator is bleeding-edge technology designed to find the best rates for traders using a combination of DCRM and the cross-chain swap pathfinder. This tech stack allows Chainge to scan all active DEXes, compare rates, and deliver the best price independent of the chain or path taken.
In reality it scans for the best rates on the desired swap pairs and then uses crypto’s only algorithm that can split transactions across multiple chains simultaneously. This way traders get the best possible value for their trades, way better than a single DEX.
Use Case Exampe: USDC for ETH
Let’s see how Chainge works in a real-world scenario. A user wants to swap USDC for ETH.
Here’s what happens:
Rate Scanning: Chainge’s algorithm scans its database to find the best rates for USDC & ETH.
Slippage and Chain Selection: It selects the DEXs with the lowest slippage and the most efficient chain for the trade.
Order Distribution and Execution: It distributes the USDC amount among these DEXs. This way, the swap is executed at the best rate and in the shortest time.
Transaction Completion: The user gets the swapped ETH amount, optimized for the highest return, in minutes.
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