Hi readers!
This article covers smart swapping in blockchain and also briefy introduction to Rigel Protocol Smart Swapping.
What is swapping
Swapping is a blockchain in-wallet crypto-to-crypto exchange that allows users to easily exchange one cryptocurrency for another. Swapping can be done by exchanging crypto in Private Key Wallet or Trading Account.
Swapping from Private Key Wallet provides you with the benefits of non-custodial, on-chain trade settlement.
There are many exchange services on the market that allow users to buy and sell cryptocurrencies for traditional currencies or for other cryptos. However, due to the limited liquidity and number of trading pairs on each exchange, users that want to trade directly between two crypto tokens are sometimes unable to do so.
This is especially true for the less popular tokens, because they are often only available on a small number of exchanges. Instead of a direct trade, users are forced to include the intermediate step of converting into and out of fiat money or one of the most popular cryptocurrencies, such as BTC or ETH
What Rigel Protocol
The Rigel Protocol Smart Swapping allow users to trade various tokens like BNB, BUSD, USDT, ETH, TRON, BAND on the Binance Smart Chain, and the Ethereum Chain with many other tokens like USDT, LINK, DAI, CRO, UNI, YFI, OMG, HEX and many, many more.
This will be quite different from the DEFi 2.0 Swapping Exchange we are familiar with. It will be a refined Smart Swapping with improved User Interface / User Experience as well as newly added and valuable features.
Rigel Protocol also allows members to provide cash-flow via the liquidity pool, enabling them to earn a percentage from the fees generated on the Rigel Protocol Platform.
Users will enjoy quick and cheap swap operations between various tokens and chains within a new environment, with seamless user experience directly from their wallets without the need of order books or deposit transfers.
About Rigel Protocol
Rigel Protocol is a Blockchain Decentralized protocol for a diverse set of DeFi products. A protocol built to improve and touch up existing Decentralized Finance (DEFI) features while introducing several innovative DEFI products to propel scalability, security in the Blockchain, user experience and adoption.
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