It is no longer news that WowMax as brought solutions to the problems that has been lingering in the DeFi Space. One of the problems is that, as a result of the common issue of slippage, all traders experience losses when trading on DEXS.
In addition to the slippage issue, traders also have to contend with the interference of arbitrage bots and miners, which when combined with slippage result in even higher losses for traders.
At the end of the this article, you will discover the differences between WowMax and other Dexs.
The WowMax exchange protocol offers enhancements over two well-known DeFi protocols, Uniswap V2 (Multihop functionality), and 1Inch.Exchange (Aggregation feature).
Why Is WowMax Better?Existing DEX aggregators, like 1inch, split transactions in proportions like 55%/45% or 30%/40%/30%, which doesn’t give you the maximum output. Our latest product which is set to be released this september outperforms 1inch on smaller quantities and makes use of more precise formulas.
In order to avoid miners from taking advantage of the opportunity and to ensure that the trader receives the maximum value, we utilize a special triangular arbitrage of tokens traded in pairs with ETH and with stablecoins in the same transaction.
A Case Study of The Uniqueness of WowMaxWhen somebody buys a large amount of Ethereum via dexs, he or she will move the price of Ethereum. For example, if today you buy a Ethereum for $100,000, the price impact on Uniswap will be around 7% and the price impact on 1inch exchange will be over 3.7%.
Price impact means that you buy Ethereum more expensive than the current market price. The final impact on Ethereum price will be even greater after this $100,000 transaction. Ethereum will probably appreciate around 10% on Uniswap or by 5% on all dexs if transaction goes via 1inch.
When Ethereum price goes up, all tokens traded on indirect pairs with Ethereum will appreciate automatically. However, same tokens in pairs with USDC, DAI, USDT and other stable coins won't change their price. This creates an arbitrage opportunity that WowMax captures to extract more value for traders in a single aggregation transaction.
While WowMax splits a large Ethereum amount among several dexes to maximize the purchase amount and also performs the arbitrage by buying Altcoins from pairs with stable coins and selling them to pairs with Ethereum.
In conclusion, WowMax exchange is committed to always give users more with her unique exchange mechanism. It is amazing that WowMax token which is $DEFI will be listed this month and a lot of innovations accompanying it. Don’t miss out on this unique opportunity.
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