Based on the four versions of cross-chain Swap iteration V1.0, OpenBlock Sawp V2.0 is now officially on line, and the LP concept of cross-chain application in the ascendant opens a perfect storm. This 2.0 version can be said to be OpenBlock's trading experience close to centralised exchanges for the purpose of adjusting the layout and reducing the cost of users. Swap V2.0 will provide a more friendly, convenient and multi-methods trading process, as well as faster trading speed, lower commission, more asset choices and richer product features.
The goal of this update: to build a CEX trading platform with a decentralised approach and provide wallet users with an unprecedented trading experience.
CEX Trading Experience Realisation
One-click Swap:
OpenBlock Swap V2.0 technology has already implemented multi-chain flash exchange. In the one-click flash exchange in the "Transactions" section of the homepage navigation bar, it now supports cross-chain fast exchange transactions for 10 chains and multiple coins. When you manually fill in the corresponding exchange amount, the system will automatically identify the optimal path for buying and selling, and provide the optimal cross-chain and flash exchange solution for users who conduct on-chain transactions. With the speed and convenience of one-key flash exchange, users can easily realise free cross-chain transactions and reduce gas loss without switching between multiple chain accounts under the pattern of one super-multiple master chains.
Asset Percentage Progress Bar:
Effective market information contains the judgement of price. And to achieve the highest flexibility of the market on the chain, it needs the framework of excellent general liquidity as the market operation and maintenance means. In the update of Swap V2.0, the innovation is the Quote token and Base token single-coin market maker model where buyers & sellers are not related to each other. Users can manually interactively set the percentage amount of the transaction, and in the PMM pricing mechanism, the quantity of the two tokens in the pool is unrelated to each other, allowing single-coin market making to exist. In addition, the algorithm uses adjustable parameters, the more Base Tokens that are bought, the higher the price, and the parameters can be modified to reduce the slippage, thus amplifying the liquidity and increasing the use of funds.
Swap V2.0 defaults the Base token to ETH and the Quote token to USDC, and the transaction direction is divided into two major parts: buy and sell, both of which are based on the Base token. if the user stays in the current chain, the default recommended token area will give priority to the Native token, which eliminates the cumbersome on-chain pricing logic, and achieves the U Native CEX trading experience.
Swap V2.0 not only enables buyers and sellers to freely choose stablecoins from different chains. At the same time, there is a pull-and-click interaction design for the progress bar of the exchange amount, which intuitively displays the visual effect in the progress bar preferred by the user, and produces a pre-priced result regardless of whether the user has sufficient amount. When the user has no relevant amount and selects the progress bar, the data in the input box remains unchanged; when the user has relevant amount and selects the progress bar, the data in the input box changes accordingly.
Selection of Token and Price Impact:
Considering to provide users with a convenient and fast experience as much as possible, based on the chain's filtering and default configuration, OpenBlock chooses to keep the current mechanism unchanged. As a result, a new popular token area has been added, as well as a view of history, with complete display of every transaction information details, making it easy for users to track all chain operation behaviours, safely and efficiently. Popular search recommendations have 10 major stablecoins of different chains, in addition, this V2.0 version added support for real-time price and up and down views. Provides a variety of popular stablecoins to choose from, exchange USDT price real-time update, intuitive up and down data, investors can according to personal preference for financial investment.
(1) Price impact is only calculated for new orders;
(2) The amount of new orders is displayed according to the gradient of the stall, showing the calculation of the corresponding price impact;
(3) The default value of the gradient is: $100$500$1,000$5,000$10,000$50,000$100,000$200,000$500,000$1,000,000;
In addition to this, there are two types of charts available for users to visually analyse future price movements. The charts are divided into Basic (line charts) which contain price displays from 24 hours to 1 year, and Pro (candlestick charts) which contain price displays from 1 day to 5 years.
Swap V2.0 New Optimisations
Fast withdrawal:
In the cross-chain aggregator function, Swap V2.0 uses cBridge as the cross-chain service provider for cross-chain, in extreme cases, there may be abnormal situations of card assets, in order to cope with this kind of scenario, V2.0 has added a quick withdrawal function to help you quickly retrieve your assets, which really achieves the safety and efficiency that other wallets can't achieve in the CEX transaction, and it is cleverly designed from the user's point of view so that Everyone can experience the chain transfer of every transaction with peace of mind.
Other Optimisation Details:
Search optimisation: more user-friendly smooth experience making sense.
Currency list optimisation: add contract address. In the transaction process, add the view and copy function of the contract address, which is convenient for users to determine the token of the transaction and avoid unnecessary transfer of the wrong address. At the same time, the copying and jumping of hovering appearances are added to the web terminal, and the viewing portal is added to the client terminal.
Optimisation of route loading: When users enter the exchange amount and wait for the route to choose the best path, silent loading is triggered and no loading is displayed. In addition, Swap V2.0 is also a time-friendly player, the route loading speed is now optimised to less than 3s, which means the route loading time is shortened to 20s.
Trading Pair Configuration
Popular configurations:
Ethereum (USDT, USDC, DAI)
BNB Chain (USDT, BUSD, USDC)
Polygon (USDT, USDC)
Optimism (USDT, USDC)
Arbitrum (USDT, USDC)
Avalanche (USDT)