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Button Swap

Button Swap

Button Swap - a DEX aggregator built for privacy-preserving DeFi

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All edits by  Mykyta Liashenko 

Edits on 17 Feb, 2022
Mykyta Liashenko profile picture
Mykyta Liashenko
edited on 17 Feb, 2022
Edits made to:
Infobox (+9 properties)
Description (+65 characters)
Article (+5 images) (+1773 characters)
Table (+2 rows) (+10 cells) (+280 characters)
Categories (+3 topics)
Related Topics (+1 topics)
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Button Swap

Button Swap - a DEX aggregator built for privacy-preserving DeFi

Article
What is Button Swap?

Button Swap - a DEX aggregator built for privacy-preserving DeFi.

Button Swap combines liquidity from decentralised protocols SecretSwap and Sienna Network to get you the most lucrative swaps. It’s like 1inch and Auto Swap but with the added protection from front-running attacks by utilising Secret Network’s smart contract technology.

How it works?

Button Swap analyses and simulates hundreds of thousands of possible swap paths. Once the user enters their swap details, it gathers the best possible swap paths, and then double checks them live via the liquidity pool smart contracts involved.

If the user proceeds with the swap, unless the swap returns the minimum acceptable amount, it cancels the entire swap and the funds are returned.

Fees

Fees are charged only if Button Swap returns the best aggregated swap amount. So if another protocol offers the best swap path, there are no fees.

In this example, Sienna offers the best swap path, so the Sienna path is taken and no fees are applied.

If Button Swap offers the best swap path, a fee is applied to the difference between Button. One of the swap offerings and one of the other protocol offerings. If the other protocols do not offer a swap path, a smaller percentage is applied to the entire return amount.

In this example, Button Swap offers the best swap path, so a fee is applied on the difference between Button Swap’s best return amount, versus the other protocols’ best return amount: (2,231.09229 - 1,950.920494 ) * commission.

In this example, Button Swap is the only protocol to offer a swap path, so a trading fee is applied to the entire return amount: 19,455.668039 * trading fee. These fees are based on the user’s VIP level, which is based on their balance of btn.group’s native token $BUTT.

Table

Title
Author
Link
Type
Date

btn.group AMA transcript - btn.group - Medium

btn.group

https://medium.com/@btn.group/btn-group-ama-transcript-faacee848b45

Web

February 10, 2022

Introducing Button Swap - btn.group - Medium

btn.group

https://medium.com/@btn.group/introducing-button-swap-22351577d2e9

Web

February 10, 2022

Infobox
Blog
https://medium.com/@btn.group
Discord
https://discord.com/invite/fxTbthnzFW
Email address
support@btn.group
GitHub
https://www.github.com/btn-group
Industry
Cryptocurrency
Cryptocurrency
Partner organizations
Sienna
Sienna
CoinGecko
CoinGecko
Telegram
https://medium.com/@btn.group
Twitter
https://twitter.com/BtnGroup
"Created via: Web app"
Mykyta Liashenko profile picture
Mykyta Liashenko
created this topic on 17 Feb, 2022
Edits made to:
Infobox (+2 properties)
Topic thumbnail

 Button Swap

Button Swap - a DEX aggregator built for privacy-preserving DeFi

Infobox
Is a
Cryptocurrency
Cryptocurrency
Website
https://btn.group/

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