Kromatika Gasless Swap — Slick, Fast, Convenient.
Kromatika Gasless Swap an edge over competitors
Kromatika Gasless Swap: The “New Normal”
Kromatika Gasless Swap provides a slick innovative trading experience to DeFI users who often run out of gas or go through the hassle of moving Gas.
Centralized Exchanges offer this ability to swap/spot market buy your crypto tokens without the user having to worry about gas fee. This is why CEX onboards more users into the crypto space as compared to DeFi platforms.
Kromatika aims to remove all friction associated with onboarding new crypto users and this means a slick UI/UX for users especially when it comes to Gas Fee issues. Hence, it developed the Gasless Swap as a solution for DeFi users. Kromatika believes that this product will help facilitate mass adoption and migration of web2 users to web3.
How does Kromatika Gasless Swap work?
Kromatika Gasless swap allows users to cover gas fees in their receiving/output token instead of users having to pay for gas fees with the native chain token.
It works by using relayers as senders in which the relayers acts as an intermediary between the sender and the network. The relayers absorb the gas fee on behalf of the user and cover the transaction. In return, the relayer charges a small fee from the output token that is not the native chain token to compensate for its service.
Using Ethereum Mainnet here as a case study; without Kromatika Gasless Swap
Alex wants to swap $USDC to $AAVE. Normally, Alex ought to have enough $ETH to cover for gas fee so as to make this transaction happen, and if Alex doesn’t have enough $ETH for gas, the transaction would fail causing Alex the hassle to look for extra $ETH so as to be able to make this transaction.
Using Ethereum Mainnet here as a case study; with Kromatika Gasless Swap
Alex wants to swap $USDC to $AAVE. In this case scenario, Alex doesn’t need to have $ETH or any native chain token for Gas. With Kromatika Gasless, Alex swaps $USDC to $AAVE and the gas fee for the swap is deducted from $AAVE which is the receiving/output token.
What separates Kromatika Gasless Swap from its Competitors?
What simply makes Kromatika gasless swap unique from its competitors is its underlying mechanics as we have discussed above.
Kromatika integrates Biconomy relayers for the gasless swap feature which reduces complex multi-step interactions to a one-click experience and also decreases the friction of longer waiting time and other complications unlike other players that offer gasless swap.
For example: 1inch and Cowswap offers gasless swap like Kromatika but at the expense of users sacrificing some features that they would have enjoyed if they didn’t use Gasless.
Now, let’s take a simplified look on Kromatika Gasless Swap against 1inch and Cowswap
Why should you use Kromatika Gasless Swap?
In such a case scenario above, we have seen how Kromatika differs from the rest in terms of scalability and faster time transaction finality which is what is needed for every trader so as to keep up with the market volatility and to get the best swap rate in an instant.
Kromatika Gasless Swap already gives its users a seamless experience on polygon without having to wait extra time to execute these Gasless transactions. Here is a twitter thread by @0xPolygonDeFi: https://twitter.com/0xPolygonDeFi/status/1621475423795425281
If you’d like to test it for free, you can do so on Polygon Network because Kromatika will cover all costs (for a limited time period).
Tutorial: https://docs.kromatika.finance/guides/tutorials/how-to-use-the-gasless-swap-feature
Swap Gasless now: https://app.kromatika.finance/swap
Imagine that traction and use cases, once Gasless Swap is deployed on Arbitrum, Optimism, and Mainnet! This is the “new normal” and it is coming soon.
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