TL;DR
- Kamino Finance has launched Kamino Swap on the Solana blockchain, featuring Pyth Network’s Express Relay for optimal price execution with zero slippage, fees, and miner extractable value.
- The platform leverages real-time data for accurate pricing and deep liquidity, providing fast and cost-efficient performance comparable to CEXs.
- Kamino Swap’s Express Relay enhances the trading experience with precise limit orders and a user-friendly interface, currently supporting SOL and USDC, with plans to expand to more tokens.
Kamino Finance has launched Kamino Swap, an innovative DEX platform on the Solana blockchain, powered by Pyth Network’s Express Relay. This new feature aims to revolutionize on-chain trading by providing optimal price execution for any token size, with zero slippage, zero platform fees, and zero miner extractable value.
The introduction of Express Relay is set to enhance users’ trading experience, offering a seamless and efficient way to execute limited orders.
https://twitter.com/PythNetwork/status/1864730759258681466
Key Features and Benefits of Kamino Swap
Express Relay brings several key benefits to Kamino Swap users. By leveraging real-time data from Pyth Network, the platform ensures that traders have access to the most accurate pricing and deep liquidity. This allows for fast and cost-efficient performance, rivaling the execution quality of centralized exchanges (CEXs) while maintaining the transparency and control inherent to decentralized finance (DeFi).
One of the standout features of Kamino Swap is its ability to provide pure, distortion-free pricing. This means that users always receive their asking price, along with a tip or surplus from searchers. The platform’s design eliminates inefficiencies caused by MEV or network congestion, ensuring that trades are executed quickly and at the best possible price.
Enhanced Trading Experience
Kamino Swap’s Express Relay enables users to place limit orders with enhanced price precision, making it an attractive option for on-chain Solana users. The platform’s intents-based approach allows users to request specific app interactions, such as bank transfers or trade executions, with ease.
This streamlined process not only improves the user experience but also enhances the overall efficiency of the Solana exchange ecosystem. The beta version of Kamino Swap currently supports SOL and USDC, with plans to expand to additional tokens in the future. By addressing common issues such as network congestion and high fees, Kamino Swap aims to provide a superior trading experience for its users.
As Kamino Finance continues to develop and refine Kamino Swap, the platform is poised to become a leading player in the DeFi space. The successful integration of Express Relay demonstrates Kamino’s commitment to innovation and user satisfaction.
