Hello to all UniDex enthusiasts! The long awaited release of SwapsV3 is finally here! 🥳

This article will cover anything and everything you need to know about our upgraded swap aggregator and whats happening to our old meta-aggregator. Let’s not waste time and get right to it.

What’s different with SwapsV3?

You'll immediately notice several enhancements to the user interface, including the addition of two new buttons: "Gasless" and "Instant Swap." While each button serves a different purpose, both will still use the same powerful meta-aggregation strategy we’ve been providing. To help you better understand the key distinctions between SwapsV3 and V2, we've outlined some notable differences below:

• Trades are settled in batch auctions exactly like CowSwap

• Aggregator of aggregators that V2 supported (Kyberswap, Paraswap, 1inch, Openocean, 0x, and more)

• Limit & Stoploss order support

• Offchain orderbook market makers can tap into

• Multi crosschain order fills (pulling liquidity from 3+ networks at once to 1 output)

• Gasless order creation

• Backward compatible with new meta-aggregators that operate like our older V2.

• Percentage of positive slippage is shared & returned to the trader

• MEV protected orders

• Only needs to approve 1 address to tap into all aggregators at once

All traders need to do is choose their swap type based on what they’re comfortable with. Instant swap uses the same system as our older release with the aggregator selection moving to the right, while Gasless uses the new V3 swap aggregator.

Try it out now 👇

How does it all work?

Our primary goal was to ensure the user experience remained as straightforward as possible. From the user's perspective, when they click "Place Market Order", they will be prompted to provide a signature instead of sending a raw transaction. After signing for the order, users can simply sit back and relax while stuff works in the background.

What’s happening in the background? When the user signs for an order, they submit it to our shared crosschain orderbook. Keepers constantly check the orderbook for orders that can be filled against aggregators, matching orders, or even matching orders between networks. This is how we can achieve a cross chain, gasless, and mev protected swap experience because orders are signed rather than broadcasted to a public mempool. Keepers will hedge or pull orders between networks to fill matching orders, allowing users to skip paying gas fees for their swaps.

For integrators, most of our stack remains backward compatible with existing CowSwap integrations, as our protocol is derived from it. However, UniDex's unique features include our cross-chain keepers and custom aggregator pathfinder, which operate in the background wont affect your integrations. When using the API to integrate with ETH Mainnet & Gnosis chains, our price estimator will determine if the user would benefit from placing their order through CowSwap, maintaining our unbiased aggregation strategy for gasless orders. Additionally, the V2 Instant Swap API will remain available for those who prefer not to utilize the gasless model in their integration. However, we will be focusing primarily on our new and improved V3 aggregator and can consider the older model deprecated with minimal future updates.

Wen?

Start right now! You can start trading on most EVM compatible high volume chains and every few days we will open up some more networks to be supported such as Canto, Metis, and polygons zkEVM. The more networks supported the stronger the aggregation gets as more liquidity can be reached and shared between chains but we’re focusing on a stable and closely monitored launch first.

Limit orders will come shortly after the launch of PerpsV3 which works in a similar fashion to our new SwapV3 aggregator, but for aggregating perpetual positions across leverage protocols. You can expect to see Limit & stoploss orders alongside a pro-mode toggle to gain access to charting tools and recent pair trades very soon.

Quick Links

Discord invite link — https://discord.gg/unidex
Twitter — https://twitter.com/UniDexFinance
Telegram Group — https://t.me/unidexfinance
Telegram Announcement channel — https://t.me/unidexapp
Website -https://www.unidex.exchange/
Aggregation Terminal — https://app.unidex.exchange/
Leverage Terminal — https://leverage.unidex.exchange/
Leverage Leaderboards — https://www.comp.unidex.exchange/
Business Inquiries — marketing@unidex.finance