invezz.com
The comprehensive one-stop DeFi hub offering the best on-chain pricing and multi-chain arbitrage and trading will launch its new Spot Price Queue feature in the week starting on 25th October, Invezz learned from a press release.
It will guarantee zero slippage and spot market price execution for crypto traders, transforming on-chain swaps. In contrast, standard AMM architecture usually does not guarantee the final price of a trade.
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Bruce Chau, CEO of OpenSwap, said:
On-chain transactions and AMMs lack the flexibility and choice of centralized exchanges. OpenSwap’s objective is to solve these inefficiencies in the DeFi ecosystems by introducing new technologies and concepts such as our liquidity queues, a way to introduce the flexibility of order books without the associated transaction costs.
Price Queue created for pairs with liquid off-chain spot markets
Spot Price Queue, which uses secure oracles through its Secure Adaptor Protocol, has been created for token pairs that already have liquid off-chain spot markets. The protocol is an oracle controller module that acts as a hedge against front-running, manipulation, and unexpected price hikes.
Varieties for two trader types
Spot Price Queue will offer two options: one for traders who prefer low time trades and another for those who need to exit their position quickly.
Spot Range Queue
The former, Spot Range Queue, allows liquidity providers to set price brackets to make their liquidity available for sale. The trades it facilitates are typical of high timeframe traders who are less interested in catching the exact top or bottom than in being generally right.
Spot Priority Queue
The latter, Spot Priority Queue, executes single-price transactions according to the trader’s priority, which they express by staking the native token OSWAP. The amount is directly proportional to the number of tokens sold at optimal execution parameters without slippage as long as liquidity is available on the other side of the queue.
Restricted Group Queue
In the coming weeks, OpenSwap is planning to release a number of other queues, such as Restricted Group Queue. It protects participants in IDOs (Initial DEX Offerings) by preventing total loss due to theft or failure to list.