Problem

Not your keys not your money

Centralized exchanges offer user-friendly interfaces and deep liquidity, but users often face access restrictions, outages, the requirement to pass KYC and large slippages in times of high market volatility, often resulting in major liquidations.

Decentralized exchanges operate without interruptions or any restrictions and do not have access to your funds, but ordinary users have to deal with usability issues such as:

  • To make a transaction, you need to connect to a particular interface that may not always offer the best exchange rate; this process is time-consuming;

  • The need to pay for gas in each transaction increases the number of iterations required to reach the final goal - send tx

  • Most DEX allow you to exchange tokens on the spot, but do not offer an order limit. Moreover, at low gas rates, confirming a transaction can take a long time, during which the price can change dramatically and the user will receive tokens at a different price than expected;

  • If you have already interacted with cross-chain transfers, you probably felt a little confusion. Switching between different interfaces for multiple transactions is often more tricky than you think and takes more time.

Last updated