How WowMax Works

WowMax leverages slippage as an extra source of optimization, making it more than just another aggregator. Traders receive a better price, and the DAO earns more money. The opportunities available at WowMax is actually numerous. When compared to other AMMs, WowMax offers you a profit of about $4.61 on your ETH swaps. WowMax also provides the most tokens for any swap in comparison to all other products on the market.

The goal of this article is to explain to you how WowMax works.

In the market, there are lots of competitions as regards to arbitrage in EVM blockchains. Some of the arbitrage issues in the market are;

Arbitrage Bots: The work of this bots is to manipulate the order of transactions on blockchain network.
Miner Extractable Value: It refers to financial gains that can be obtained by taking value away from Ethereum users by rearranging, introducing, or censoring transactions inside of newly created blocks. It often has an impact on DeFi users interacting with automated market makers and other apps.
Another issue is that, Miners and arbitrage bots strives to profit from arbitrage opportunities in the market. Miners have an edge over bots when creating new blocks since they can directly affect the order of transactions and as well bypassing the gas auction.
For instance, A trader wants to swap a significant portion of ETH/USDT to Uniswap, which will drive up the cost of ETH on Uniswap. In this scenario, a chance for arbitrage now presents itself. The cost of Uniswap increases due to the amount of the exchange. The pricing on the other DEX and CEX was unchanged at the time of this transaction.

An arbitrage bot/miner comes in to buy ETH at a lower price at Uniswap and then sales it at an higher price. Typically, the transaction is being attacked and this happens within a single block.

The issues elaborated above are what motivated the development of WowMax Exchange. The commitment of WowMax is to give users a more profitable exchange by determining the best exchange route between various DEXs and making use of arbitrage capabilities which are built/used during the exchange.

The primary distinction between WowMax arbitrage and other DEX is the addition of our innovative "Contract Extractable Value" technique. CEV is a method of promptly taking a profit when it happens during an exchange transaction using the WOWMAX contract.

How Does CEV Works?
It is known that a blockchain transaction can have many actions.
But in WowMax, All actions are carried out in a single transaction. The success of the transaction and the appropriate execution of each step are guaranteed by Atomicity. The entire purchased will be canceled if at least one step was done improperly.
The fact is that multiple exchanges are contained in a single transaction so In order to transfer it to the WowMax contract, we calculate the exchange path. WowMax estimate the effect on price and arbitrage opportunities when we make a swap.
The price changes to a DEX during the first portion of the exchange. After that, the protocol completes the remaining swaps and calculates the price in DEXes. A single atomic transaction is used to complete the full series of exchanges. Therefore, the sequence of exchanges within our transaction cannot be impacted by miners or arbitrage bots.

To get more information about WowMax Exchange. Connect to us on twitter (@WowmaxExchange)