Increment Finance is a leading decentralized finance (DeFi) platform on the Flow blockchain. It recently released two unique features that could change the DeFi landscape and improve the user experience. DEX Aggregation and Smart Order Routing (SOR) were successfully deployed, boosting crypto community excitement.
Increment Finance Expands DeFi Services on Flow Blockchain
Increment Finance is a leading Flow blockchain decentralized finance (DeFi) player. It offers SOR-facilitated automated market maker/decentralized exchange (AMM/DEX) trading, liquidity mining, money markets, and liquid staking. According to a recent Increment website post, further notable features are being created.
The platform offers a single gateway to several DEX systems. Increment’s connections to several decentralized exchange (DEX) systems allow users to easily access optimal swap pricing with one click.
The SOR technology is being likened to Expedia. SOR on Increment consolidates fragmented on-chain liquidities like Expedia consolidates flight costs from several airlines and online travel providers to find the best deal. The technology automatically scans and computes the best way to divide and execute swap orders across multiple liquidity pools.
Historically, SOR on Increment analysis focused on volatile and stableswap liquidity. The proposed improvements include token selection and centralized interface implementation. The proposed changes include making the user interface more accessible and expanding the tokens to support more commercial applications.
SOR Enhancements Drive Lower Slippage and Improved User Prices
The SOR process analyzes quotations from various platforms and pools. It will improve user pricing and select and execute the best solutions. Trader slippage has decreased due to liquidity pool aggregation and depth improvements.
The release marks a major step forward for DeFi on the Flow blockchain. Increment Finance invites its users and the cryptocurrency community to study SOR and its benefits for trading on the Flow platform. Invention continues at this point. Increment consolidates new and current DEXs and liquidity pools to improve trade. Users should stay active and expect major site changes.
Sourced from cryptonews.net.
