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Nuo Network Adds DEX Capabilities with Gasless Nuo Exchange

Nuo Network Adds DEX Capabilities with Gasless Nuo Exchange

As DeFi protocols change into extra strong, it’s been a standard development to include plenty of completely different options to make for a extra holistic buying and selling expertise. In doing so, the aim turns into permitting the end-user to entry all of the instruments essential to get pleasure from an entire buying and selling expertise with out ever leaving the platform.

Yesterday, Nuo Network made a giant step on this route by means of the disclosing of the Nuo Exchange.

 

With a easy level and click on interface akin to Kyber Swap, Nuo Exchange permits customers to swap between fashionable DeFi belongings like DAI, KNC, SNX and MKR simply to call a couple of. Here’s a full checklist of the at present supported belongings (Dai was minimize off from this screenshot).


What’s New?

With the launch of Nuo Exchange, Nuo built-in plenty of rising traits for an enahnced DEX expertise together with:

  • Liquidity Aggregation – Nuo’s alternate makes use of sensible order routing to tug the perfect costs from 0x, Uniswap, Kyber Network and Oasis.
  • Custom Slippage – Users have the power to dictate the utmost quantity of slippage they’re keen to have, in any other case the transaction fails.
  • Metatransactions – Trades on Nuo’s alternate come with no transaction price to the end-user.

Upon the primary use of the alternate, it feels nice! Users ought to notice that the minimal requirement to swap on the alternate is at present set at zero.25ETH with a most order measurement of $10,000.

Better but, Nuo is actively encouraging customers to submit suggestions on the alternate (with a doable $50 prize) utilizing this kind.

A Wider Product Stack

With the introduction of Nuo Exchange, Nuo now comes loaded with lending, margin buying and selling and DEX capabilities. This makes it a robust contender in an end-to-end DeFi product geared at non-technical customers.

Paired with the power to take out sensible contract covers utilizing Nexus Mutual, Nuo is quietly making waves by way of offering an intuitive product expertise.

Looking Forward

It’s price noting that Nuo at present presents the best lending charges of any DeFi lending protocol. With this in thoughts, we encourage customers to acknowledge that with greater returns usually comes a better diploma of threat!

As said above, these trying to entry Nuo’s lending product ought to contemplate buying a wise cowl on Nexus. As it pertains to the DEX buying and selling expertise, there’s far much less threat, making it a robust different to sector-leading DEXs for these trying to route giant orders and make the most of DEX aggregation.

In the meantime, we’ll be preserving an in depth eye on Nuo – which you’ll as properly by following their official Twitter.

Cooper is concentrated on constructing compelling blockchain merchandise. He at present works because the managing director at Fitzner Blockchain Consulting and is a contributor to DAOs like MetaCartel and Moloch. He is an lively member of the Ethereum neighborhood and has a robust curiosity in for-profit companies comparable to The Block Crypto and Messari.

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