OpenSwap Announces New ‘Spot Price Queue’ Feature To Ensure Zero Slippage For Crypto Swaps

OpenSwap, a leading cryptocurrency trading platform with institutional-level liquidity and market depth has announced the launch of Spot Price Queue feature. The new feature will allow traders to enter orders in the order book without having to worry about their prices getting jacked by bad actors or other forms of price manipulation.

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The “openswap token” is a new feature that is being introduced by OpenSwap. The feature will ensure zero slippage for crypto swaps.

27th October 2021, Hong Kong, Hong Kong, Hong Kong, Hong Kong, Hong Kong, Hong Kong, Hong Kong, Hong Kong, Hong Kong,

OpenSwap has announced a timetable for the release of its new Spot Price Queue functionality, which will be live the week of October 25th. 

In contrast to the conventional AMM architecture, where traders have practically zero assurances of what the ultimate price of their deal will be, OpenSwap’s Spot Price Queue feature will be a game-changer for on-chain swaps, ensuring 0% slippage and spot market price execution for crypto traders.

Spot Price Queue is another of OpenSwap’s many offerings, and it was designed for token pairings that currently have liquid off-chain spot markets. Spot Price Queue employs secure oracles through its Secure Adaptor Protocol, an oracle controller module that guards against price manipulation, front-running, and unexpected price spikes. 

There will be two types of Spot Price Queue: one for traders who need to exit positions fast, and the other for traders who have a low time preference.

The former, Spot Priority Queue, performs single-price transactions in the order that the trader desires, as stated by staking OSWAP. Given adequate liquidity from the opposite side of the queue, the bigger the quantity, the more tokens will be sold at optimum execution parameters (no slippage).

Liquidity providers may specify price brackets to make their liquidity accessible for sale using the second kind, Spot Range Queue. This is for low-priority trades that are prevalent among high-timeframe traders who care more about being generally correct than capturing the exact bottom or peak.

In the next weeks, OpenSwap plans to introduce more liquidity queue kinds. One of these, known as Restricted Group Queue, is a “anti-rugpull” mechanism that protects participants in Initial DEX Offerings (IDO) from entire loss due to failure to list or the team fleeing with the money.

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According to Bruce Chau, CEO of OpenSwap, “on-chain transactions and AMMs lack the flexibility and choice of centralized exchanges.” “OpenSwap’s goal is to eliminate inefficiencies in DeFi ecosystems by bringing new technologies and ideas like liquidity queues, which allow for order book flexibility without the accompanying transaction costs.” 

OpenSwap Information

OpenSwap is dedicated to becoming the most comprehensive one-stop DeFi hub, offering the best on-chain pricing as well as multi-chain arbitrage and trading. Users can benefit from revolutionary benefits by optimizing their trades with OpenSwap’s unique features, which include Liquidity Queues, Hybrid Routing, DEX Aggregator, and Inter-Chain Liquidity Swaps, all on one platform. 

Contacts

The “openswap impossible finance” is a new feature that will allow users to ensure zero slippage for crypto swaps. It works by having the exchange set up a queue of orders that are waiting to be filled.

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