VirtuSwap has reportedly integrated PARSIQ’s Tsunami API for real-time synchronization and automation of (decentralized exchange) DEX trading pools.
This should help with enhancing efficiency for traders and Liquidity Providers (LPs).
VirtuSwap is described as “a decentralized exchange (DEX) built on the Polygon network.”
Their unique AMM-based decentralized exchange “improves trading efficiency, boasting 27% lower fees than the average competitor and a 13% average increase in LP returns.”
The team is “composed of finance professors and crypto veterans, and backed by industry heavyweights such as GSR and Jane Street.”
Their mission is “to make DEXes dominate the crypto trading landscape through a combined approach of granular market research, financial engineering, and data science.”
By utilizing PARSIQ’s Tsunami API’s real-time blockchain data streams, VirtuSwap will be able to “automate various processes, such as monitoring trades, tracking asset movements, and providing notifications to users in real-time.”
This will enable VirtuSwap “to provide its users with a seamless and efficient trading experience, making VirtuSwap a more reliable and user-friendly platform for both traders and LPs.”
Tom Tirman, CEO of PARSIQ, said:
“We are thrilled to partner with VirtuSwap to bring our Tsunami API to their platform. We believe that this collaboration will help VirtuSwap optimize its operations, reduce costs, and provide an even better trading experience for its users. We look forward to working with the VirtuSwap team to bring our shared vision of decentralized trading to life.”
The PARSIQ team is looking forward to working with VirtuSwap “to help achieve their shared vision of revolutionizing decentralized trading.”
As noted in the update, the aim of VirtuSwap is “to reduce inefficiencies in trading and liquidity provision.”
Utilizing cutting-edge financial engineering, VirtuSwap eliminates triangular trading “by making every transaction direct, even in the absence of a relevant pool.”
VirtuSwap achieves “a result that was seemingly impossible before — it reduces costs for traders and increases the LP returns at the same time, by breaking the link between liquidity traders’ costs and arbitrageurs’ profits.”
As covered, PARSIQ is “a full-suite data network for building the backend of all Web3 dApps & protocols.”
The Tsunami API “provides blockchain protocols and their clients (e.g. protocol-oriented dApps) with real-time and historical data querying abilities.”
‘Data Lake’ APIs allow complex data querying & filtering “for any project; specifically designed and tailored for our customers’ blockchain data needs.”
Supported chains reportedly include: Ethereum, Polygon, BNB Chain, Avalanche & Arbitrum + more to come
