ChainFlip's New Features: Fill or Kill and Boost Pools

avatar

Hi, everyone! The best way to grow organically is by offering a great user experience. When providing a service for traders, this includes several aspects, not only having competitive prices but also offering excellent features, speed, and security. ChainFlip addresses these aspects with a new Fill Kill feature and Boost Pools for BTC swaps.

In this clip:

  • Slippage protection: Fill or Kill feature
  • More control for traders over their transactions
  • Boost Pools provide opportunities for passive liquidity providers
  • Faster transaction times without risks for traders

On ChainFlip, up until now, once a swap is started, it would be executed no matter what. This means that even if the slippage is not favorable, the swap would still be filled. This poses a risk for traders, which will be addressed with the introduction of a new feature called Fill or Kill. This feature cancels a swap if the conditions set by the trader cannot be met and return their funds if necessary.

Boost Pools are another feature that provides an opportunity for passive liquidity providers to earn more from fees while speeding up transactions for traders and minimizing their risk.

These two features add an extra layer of security for users and will certainly make ChainFlip's platform more attractive for performing swaps. Other factors are still at play; as Simon Harman indicated, the bid system is not directly affected by these improvements, but users will have more options to protect their transactions.

Posted Using InLeo Alpha



0
0
0.000
1 comments
avatar

Congratulations @khaleelkazi! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)

You got more than 64500 replies.
Your next target is to reach 65000 replies.

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

0
0
0.000