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Cross-Chain Bridge deBridge Launches App for Trading Without Liquidity Pools

The DLN app is now live with support for Ethereum, Arbitrum, Polygon, Fantom, BNB Chain, and Avalanche.

Updated Jun 15, 2023, 2:22 p.m. Published Jun 15, 2023, 12:00 p.m.
A trading screen. (Shutterstock)
A trading screen. (Shutterstock)

Cross-chain bridging service deBridge has released DLN Trade, a cross-chain exchange offering capital-efficient and fast native trading across various blockchains, developers told CoinDesk in a release.

DLN uses a global liquidity engine that creates a decentralized order book, enabling any asset on one chain to be traded directly to any asset on another without the bottlenecks and risks of liquidity pools.

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Liquidity pools refer to a basket of tokens locked on decentralized exchanges that are used to facilitate trading for those tokens in the open market. DLN uses peer-to-peer liquidity to conduct trades, instead of relying on a liquidity pool.

“For users, DLN offers unprecedented speed, capital-efficiency, and control — all trades are protected from slippage, MEV, the possibility of reversion, and guaranteed rates with fees as low as 4bps,” developers told CoinDesk.

“Users can also set cross-chain limit orders and cancel at any time before fulfillment. A $10,000,000 cross-chain trade, for example, can be executed for the same low rate as a $1,000 trade,” they added.

DLN claimed their app makes it possible for users to trade across chains without exposure to wrapped assets or liquidity pools for the first time – unlike other services on the market that rely on these instruments.

The DLN app is now live with support for Ethereum, Arbitrum, Polygon, Fantom, BNB Chain, and Avalanche.

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