Arken Finance Launching “Best Rate 3.0” Engine
Arken.Finance, a multi-chain, user-friendly decentralized exchange (DEX) aggregator, is excited to announce its “Best Rate 3.0” swap engine. Through this engine and algorithm upgrade, Arken will bring the best-in-class user experience and better trading tools that help users to make profits from the decentralized exchange market landscape with ease.
How Arken Finance Finds the Best Exchange Rate For Users
The term “marginal” refers to an opportunity in the financial realm. Even a slight difference may open up a world of opportunity for the users, especially in the decentralized exchange (DEX) market.
In centralized exchange (CEX) and decentralized exchange (DEX) areas, one common thing that both financial fields have in common is the ‘arbitrager’. This is common whether the area is traditional finance, centralized crypto-finance, or decentralized finance, among others. The act of arbitraging is when individuals or groups of individuals buy security in one market and concurrently sell it in another market at a higher price, resulting in the opportunity to benefit from the transitory difference in cost per share that results from the price gap that is constantly present in the financial sector to arbitrageurs. Nonetheless, even now arbitrage in decentralized finance (Defi) demands both in-depth financial understanding and a strong coding aptitude to be successful, limiting the accessibility to this opportunity for common users.
In order to overcome the market exchange rate and keep up with the constantly changing differential in order to benefit from it, the arbitrager must either put up significant work in comparing currency rates across DEXs or design a trading bot that can overcome this difficulty. As a result, Arken Finance sees the potential improvement gap and the opportunity to provide traders with a trading tool that can automatically source the best exchange rate and split orders to different routings for maximum returns.
Arken Finance Introduces “Best Rate 3.0” Engine
Arken Finance’s “Best Rate 3.0” is the most recent engine update version of our algorithm, allowing the protocol to become even more competitive and efficient in the marketplace. Alongside splitting orders, the “Best Rate 3.0” engine indexes prices from multiple pools to find the best price across all and splits trading amounts across multiple routes in a single transaction to make the trade make an even better price.
Since Arken Finance's 1st debut in June 2021, its “Best Rate” engine has been constantly upgraded and improved by the team. Today, Arken has launched a total of 3 versions, each of which is constantly being enhanced and strengthened.
Key Advantages to the Users From Upgrading “Best Rate” Engine
- Gas fee reduction by 20–30%
- No double exchange tax
- The better exchange rate from the faster and easier DEXs and pools integration. The more DEXs integrated, the better sources of liquidity we can index from.
What’s Next For Arken Finance?
Despite the achievement of launching Best Rate 3.0, the potential of Arken Finance’s core engine remains enormous. The protocol has the potential to grow much more efficiently and evolve into an even better form. Arken next stage is to attain the status of a universal platform, which can plug into any type of DEXs while still maintaining its key principles: Speed, Precision, and Best Algorithm.
“We feel that being the lone winner or only being ‘the first’ position is not as important. What’s more important is the sustainability of the project and long term benefits to our users. Ultimately, we wish to promote the DeFi sector in becoming more mature and growing gradually with great projects in the long run, which may make a significant contribution to the DeFi’s future.” — Arken Finance team
Arken Finance has the mission to deliver an equal financial opportunity from every corner of the world. The team aims to contribute to and work on ambitious initiatives, and to advance the DeFi sector for the benefit of everyone.
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