Who uses forbitspace The Decentralized Exchange Super Aggregator?
The forbitspace ecosystem includes three types of users:
forbitspace The Decentralized Exchange Super Aggregator is not only ideal for traders, as they get the best price, it’s also great for the project behind a token, as a sell order is always routed to the best liquidity pool with the lowest price impact, saving the trader fees to buy more of a token.
Liquidity Providers (LPs): Individuals or entities who contribute ERC-20 tokens, Bep20, Polygon, Avalanche to common liquidity pools.
Traders: individuals or entities who swap one token for another.
Developers: individuals or entities who integrate with forbitspace ecosystem protocol smart contracts to power new and exciting experiences.
The benefits of liquidity aggregators using forbitspace The Decentralized Exchange Super Aggregator
Firstly, DEX aggregators provide a deeper pool of liquidity for traders who want to trade large amounts of digital tokens.
Traders will typically receive a better execution price using a DEX aggregator than on a single DEX. Aggregators are built to enable traders to fill trades at the best possible level across a range of liquidity pools
If you are looking to convert a large position in a recently issued token into a stablecoin, for example, you may find it difficult to do that on just one decentralized exchange due to a lack of liquidity. However, if you use a liquidity aggregator, you are more likely to source the liquidity you need to exit your token position without creating too much slippage.
Secondly, you will typically receive a better execution price using a DEX aggregator than on a single DEX. Aggregators are built to enable traders to fill trades at the best possible level across a range of liquidity pools. So for price-sensitive traders and investors, it makes sense to use a liquidity aggregator instead of only a single decentralized trading platform.
in the same vein as “traditional” decentralized exchanges, DEX aggregators add a layer of privacy to crypto trading that you cannot find on centralized exchanges.
Unlike centralized exchanges that typically require users to fill out a KYC onboarding process, anyone with a crypto wallet and an internet connection can log onto a liquidity aggregator online and convert one digital asset for another. No ID verification is required and you will not be asked to fill out any paperwork.
Fourthly, DEX aggregators are typically non-custodial exchange platforms, which means that traders always retain control over their funds.
Whereas on centralized exchanges, you need to deposit coins and thus give up their private keys for the duration they are held on the platform, liquidity aggregators allow you to directly trade from and to your crypto wallet.
Liquidity aggregators improve the decentralized trading experience by providing user-friendly dashboards where a few clicks suffice to trade millions in digital tokens within seconds.
forbitspace The Decentralized Exchange Super Aggregator power applications across a growing number of blockchains, including Ethereum, Binance Smart Chain, Polygon, and Avalanche.