In this article, we will learn about OdosProtocol & provide a step-by-step guide on how to use their multi-asset input feature.
Additionally, you will be able to claim NFTs & complete the campaigns launched in collaboration with Galxe.com. Get ready Pirates, we dive into it!
What is Odos Protocol?
Unique features
How to use Odos dApp?
ODOS x GALXE campaigns
Summary
Collect & Earn
1. What is Odos Protocol?
Odos Smart Order Routing (SOR) is a patented Automated Market Maker (AMM) path finding algorithm, which aggregates 50+DEXs and finds the optimal routes for your swaps.
It enables retail & institutional traders to benefit from incremental savings when converting one or several tokens into other assets.
The DEX aggregator is the first product of Semiotic Labs, a group of AI and cryptography experts, disruptors and entrepreneurs united by a single passion for solving real-world challenges in Web3.
The team joined The Graph Protocol as a core developer contributing and received a $60 million grant over 8 years to support protocol R&D. More details about the grant here.
2. Unique Features
Odos Protocol offers a large possibility of token swap combinations, non-linear paths to deliver complex routes and interesting exchange rates without compromising on gas fees. It is also the first DEX aggregator to introduce not only a single but also a multi-token input feature allowing users to swap from several tokens in a single transaction.
Unlike existing DEX aggregator solutions that only consider linear token path combinations and limited connector tokens, Odos patented algorithm considers every single possible combination of swaps.
Odos arbitrage tracker computes optimal arbitrage for over 35 million paths in real-time, allowing its users to monitor and analyze cross-domain Maximal Extractable Value opportunities.
3. How to use Odos dApp?
The platform is intuitive, to interact with it and make your first swap:
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Navigate to www.odos.xyz
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Click on Launch dApp (top right corner)
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Connect your Metamask wallet & accept conditions
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Select your Network: Polygon|Arbitrum|Optimism|Ethereum
Note: If you need to add a network to your Metamask, you can use Chainlist.org.
For this example, let’s use Polygon Network to understand how the Multi-Asset Input Swap works.
To avoid extra fee, don’t make any swap from now. We will see later the campaigns & requirements to qualify for the NFTs and optimize our transactions.
Multi-Asset Input Swap:
You’ll be able to select & convert several coins into one specific token.
After selecting the tokens we want to use and the best settings for us:
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Click Approve Token (if needed)
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Sign it
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Click on “Swap” & Sign the transaction
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Done ✅
Congratulations, now we know how to use Odos Protocol and its Multi-Assetfeatures. We can check the previous and upcoming campaigns on GALXE.
4. ODOS x GALXE Campaigns
The project launched 2 successful campaigns already:
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Campaign 1: Minotaur NFT Campaign:
September 15th - October 20th. -
Campaign 2: Single & Multi-Token Swap Animated Mechanism:
October 31st - November 11th.
However, 2 additional campaigns are planned to be release:
- Campaign 3: Manga Trading Competition: Live Now
November 18th - November 28th (Polygon | Arbitrum | Optimism | Ethereum)
The competition will reward users with tiered Manga NFTs and you can get an OAT.
To qualify, we must generate a minimum trading volume on ODOS:
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1 MANGA NFT over $1,000 in total volume during campaign period.
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2 MANGA NFTs over $2,000 in total volume during campaign period.
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3 MANGA NFTs over $4,000 in total volume during campaign period.
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4 MANGA NFTs over $8,000 in total volume during campaign period.
On the Ethereum Manga Trading Campaign the volume required is multiplied by 4.
Important: Holders of a Gold Minotaur can generate only half of the required volume during the campaign. However, if you don’t have one, buying it on OpenSea will NOT give you the advantage. Source
- Campaign 4: Odos Whales Event: Live
September 15th - December 4nd (on Polygon | Arbitrum | Ethereum | Optimism)
Volume-based NFTS:
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Tier 1 NFT — generate $200,000 in total trading volume on Polygon/Arbitrum or $1,000,000 in total trading volume on Ethereum
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Tier 2 NFT — generate $100,000 in total trading volume on Polygon/Arbitrum $500,000 in total trading volume on Ethereum
Again here, holders of a Gold Minotaur hardly earned can generate only half of the required volume during the campaign. However, if you don’t have it, buying one on OpenSea will NOT give you the advantage. Source Discord
5. Summary
ODOS currently operates on 4 networks Optimism| Polygon| Arbitrum| Ethereum and they will surely add more. Why should we perform the actions mentioned above?
They project doesn’t have its own token yet. Being early by making some swaps, claim the OAT, collecting NFTs & contributing to the community can play in our favor.
The airdrop is purely speculative, nothing has been confirmed by the team.
However, if you need to swap on those networks, it’s interesting to know that a project who received a grant of $60 million by The Graph Protocol is running NFTs campaigns on GALXE to generate volume 👀
Collect & Earn Campaign
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