#Tips&Tutorials

What is Zethyr Exchange on Tron?

Updated on 9 September, 2022 4:41 PM
1 min read

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    Zethyr Exchange is a decentralised TRON exchange that gives the community 100% of its profits. The Zethyr DEX Aggregator, a completely decentralised programme that aggregates many DEXs and Swaps to provide the best exchange rates, has Zethyr Exchange integrated into it. Its main aim is to carry out fast transactions and at the greatest rates with TRON tokens.

    The order book and related functions have been deleted from Zethyr Exchange, which is the main change after its integration into Zethyr DEX Aggregator. Instead, you will swap your assets on the Zethyr Exchange DEX Aggregator, as the website's user interface has been improved and redone. To provide the optimum exchange rate outcome, Zethyr Exchange DEX Aggregator aggregates several exchanges and swaps (instantly and zero fee.)

    TRON decentralised exchange, Zethyr Exchange pools liquidity from other decentralised and centralised exchanges to provide the greatest overall price and liquidity. Zethyr Exchange is linked via APIs to Binance and other exchanges in order to boost liquidity. Both buying and selling orders at Zethyr Exchange are subject to a 0.1% fee.

    Key Features of Zethyr Exchange

    Some important features of the platform include:

    1. Asset Security: Only you have access to your asset, not even Zethyr developers. 
    2. Zero Trading Fee: Put money into ZTR to get Trading Power and a daily free trading quota.
    3. 100% Revenue Distribution: Invest in ZTR to get EcoPower and receive weekly dividends. 
    4. Decentralized Government: Users who have Voting Power can choose Zethyr's overall governance.

    How to get started with Zethyr Exchange?

    Step 1: Through TronLink, connecting from Tronlink to Zethyr is rather simple. Open the TronLink application and select Discover.

    Step 2: Scroll down to trade and select more on the following interface.

    Step 3: Scroll down to Zethyr Exchange on the following screen, then click it.

    Step 4: Give it permission to open the Zethyr Exchange. Once it starts, it immediately establishes a connection. Choose the tokens that you wish to Swap on the interface and just click on the Swap button. 

    Competitors of Zethyr Exchange

    Competitors of the exchange include platforms like Finside, Holder Finance, NDX, etc. 

    Finside is a cutting-edge cryptocurrency exchange with artificial intelligence designed for ICOs, traders, and token purchasers with high and middle incomes who want a high level of service and the chance to make money. On the other hand, Holder Finance is a project on the Ethereum network. It promises to be the first Holders-centric initiative in the Ethereum DeFi ecosystem and the best store of value token using the Ethereum network's cutting-edge technology.

    Conclusion

    The developers of Zethyr Exchange discovered that the order book model is no longer appropriate for dApp users and the decentralization-oriented development of Zethyr Exchange after examining the behaviour of dApp users and evaluating Zethyr Exchange based on recorded data. As a fully decentralised swap aggregator, Team Zethyr decided to combine Zethyr Exchange and Zethyr Swap. 

    The order book and related functions have been deleted, which is the main change. Instead, you will swap your assets on the Zethyr DEX Aggregator, as the website's user interface has been improved and redone. Justswap, Uswap, Sun.io make up some of the integrated applications on Zethyr DEX Aggregator. 

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