New Features for Pando Swap - Boost Mode & Limit Order
We are excited to announce the launch of two groundbreaking protocol upgrades for Pando Swap – the Boost Mode and Limit Order.
These new features not only enhance the user experience but also increase the protocol set's overall efficiency. Here's an in-depth look at what these protocols offer.
The new Boost Mode is designed to optimize the way transactions are processed on the Pando's Swap Protocol.
In traditional scenarios, a transaction is processed along a single route from the source to the destination. However, with Boost Mode, transactions are split into multiple parts, each taking a different route. This ingenious approach not only speeds up the process but also mitigates the risks associated with a single point of failure.
To use Boost Mode is simple. Users can simply toggle the Boost Mode button on the Swap interface to activate the feature.
And that's it! The Boost Mode protocol will automatically split the transaction if possible, optimizing the process and reducing the time taken to complete the transaction.
You can also check the routes details of the transaction by clicking the "Routes" label.
The most captivating aspect of the Boost Mode protocol is its potential to garner a premium for users. Owing to the decentralized nature of Swap and the dynamic pricing models of various routes, there's a chance that users can receive more coins than expected. This bonus received is termed as a "premium" in the DeFi landscape, enhancing the profitability of users’ transactions.
The second addition to our features list is the Limit Order protocol. This revolutionary feature provides users with the flexibility to place orders at a specified price.
The Limit Order protocol functions by enabling users to set a specific price at which they wish to buy or sell an asset. If the market price hits the predetermined value, the transaction is automatically executed. This provides traders with greater control over their trades and allows them to capitalize on market volatility by setting strategic price points for their transactions.
To place a limit order, users can switch to the Limit Order tab on the Swap interface and enter the desired price, amount and expiry. Once the order is placed, the transaction will be executed when the market price hits the specified value.
Why Boost Mode and Limit Order?
The beauty of these protocols is their decentralized nature. They operate independently of any central authority, upholding the ethos of blockchain technology. As a result, users can enjoy the advantages of these features while ensuring their transactions are secure and private.
To conclude, the introduction of the Boost Mode and Limit Order protocols reaffirms Swap's commitment to continuous innovation. As we move forward, we remain dedicated to providing our users with the best and most efficient decentralized finance solutions. The launch of these protocols marks just the beginning of an exciting journey - stay tuned for more groundbreaking features.
How to Use Boost Mode and Limit Order?
Please visit Pando dApp to experience the new features.
The information contained in this article is for informational purposes only and does not constitute financial, investment, or other professional advice. The views expressed in this article are those of the author and do not necessarily represent the views of the company or organization they work for or Pando. Any investment decisions made by the reader should be made after consulting with their own financial advisor and conducting their own research. The author and the company or organization they work for and Pando will not be liable for any financial losses incurred as a result of reliance on the information contained in this article.