The Basics

Multi-chain technology refers to the concept of having multiple independent blockchains within a single network or ecosystem.

Cross-chain technology, on the other hand, focuses on facilitating communication and interaction between separate blockchain networks.

There are many Dapps in the DeFi space that do one or the other, but very few that have taken ChainArQ’s approach of doing Both at a high level.

Why doing both is important to ChainArQ

In order to break down the barriers that exist in the DeFi space, to make operating in this space as easy as possible, it’s important for there to be a system where users can quickly, conveniently and effectively peruse every possible option available to them in one place.

The Multi-Chain Solution

There are currently hundreds of isolated DEXs that serve the same blockchains that host Liquidity pools for projects with varying degrees of arbitrage opportunities. It isn’t feasible for an investor to compare each one to get value for their money. That’s where ChainArQ comes in. By making use of multiple third party aggregators and with a Direct-to-DEX query mechanism, users are presented with the best trading routes all in one place.

The Cross-Chain Solution

Just as there are many DEXs, there are multiple Bridges that users can access to move funds across different chains. Once more, by aggregating data from all the bridges available, the user can choose the best route for their transaction without having to manually compare prices across multiple platforms.

Taking it a step further

Since other swaps rely solely on third party aggregators, they are limited by the data that is provided by these services. ChainArQ is the only Multi-chain/Cross-chain Swap that allows taxed tokens to be traded, with a unique mechanism that ensures that the user won’t be impacted by front-running bots.

Going all the way

This issue doesn’t simply apply to the token space, the NFT market is also very limited as far as ease of entry is concerned.

Very soon, ChainArQ users will be able to buy Any NFT or Ordinal using any token regardless of which chain the NFT is listed on.

For more about ChainArQ please see below:

Go to the Swap

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Read our GitBook

While it is true that ChainArQ is a cross-chain swap, its unique approach in supporting same-chain swaps makes it an exceptionally well-rounded choice. This versatility caters to traders with differing preferences — those who seek to invest across multiple chains and those who opt to concentrate solely on one chain. ChainArQ effectively bridges the gap, offering a solution that suits a wide spectrum of trading strategies

In this comparative analysis, we examined the rates on PancakeSwap for the Binance Smart Chain , QuickSwap for the Polygon Network and TraderJoe for the Avalanche network against those offered by ChainArQ.

You can watch the results here, but for a more in depth analysis keep reading on!

We made sure to set the slippage to the same amount (0.5%) on each swap and performed the swaps within 5 seconds of each other to provide the most accurate result possible and tested the following:

1) Buying a Stable Coin with the Native Token on the respective chain

2) Buying tokens using a Stable coin

ChainArQ VS Pancake Swap on Binance Smart Chain

ChainArQ VS QuickSwap on Polygon

ChainArQ VS TraderJoe on Avalanche

The Results are clear

Every instance that we tested, ChainArQ provided either the same result or a better one for every Same-Chain swap for any 2 pairs, including those for the native token of the DEXs that we tested.

How?

As explained in the previous article, ChainArQ takes an thorough approach when it comes to aggregating token data that includes the following:

1) Using as many Third Party Aggregators as possible

2) Directly querying DEXs and Liquidity pools for the tokens that are being transacted

3) Split-routing a transaction to leverage the best possible prices from all the liquidity pools that are available using our own swap algorithm

There’s more — Don’t forget the Gas Fees

Aside from finding the best possible liquidity pool, Gas Fee optimization is a key factor in delivering an optimized route for a swap.

There’s Even more! — Built in Tax function for partner projects

ChainArQ offers a unique solution whereby the user can set the tax percentages manually, thus avoiding having to be exposed to front-running.

Buying a token with taxes/fees usually requires the user to raise the slippage above the usual amount for the transaction to go through. This leaves the user open to being front-run, potentially resulting in the transaction executing at a less favourable price than initially intended.

For partner projects these values are set automatically.

For more about ChainArQ please see below:

Go to the Swap

Follow Us on Twitter

Read our GitBook

In the rapidly evolving world of blockchain technology, one of the major challenges that users and developers face is the lack of seamless interaction between different blockchain networks. The concept of blockchain interoperability is the key to unlocking the full potential of this revolutionary technology, and one project that aims to bridge this gap with an unwavering focus on security is ChainArQ — the cutting-edge crypto cross-chain service.

The Problem

Each blockchain operates independently, with its own unique set of rules, consensus mechanisms, and functionalities. This fragmentation has resulted in a lack of communication and compatibility between blockchains, creating silos that hinder the efficient transfer of assets and data.

In the absence of a unified solution, a user who wishes to swap a specific token from one blockchain to another might need to navigate through multiple decentralized exchanges, bridges, and liquidity pools, trying to find the most cost-effective and efficient path. This tedious process can be daunting and time-consuming, often deterring users from engaging in cross-chain swaps altogether.

Existing Solutions

Several services, like 1inch, have taken the approach of collecting data for liquidity pools from multiple DEXs and combining that data through complex algorithms to split orders across different DEXs to optimize trades. Such services are knows as Aggregators.

These aggregators are then used in other cross-chain swaps to facilitate transactions between 2 chains. The issue with this approach is that there are multiple aggregators but some of them still fail to index a huge pool of tokens for a variety of reasons, this means that those tokens are excluded from the service altogether.

ChainArQ’s Solution

Step 1: Aggregating Aggregators

The first step to providing a truly complete picture for a transaction; each aggregator uses a different algorithm to find the optimal route for a transaction, so it makes sense to collect all of that data in one place.

Step 2: Query DEXs Directly

Aggregators don’t return data on all the tokens listed on the DEXs they query and they don’t query All DEXs either.

Many tokens are missed by Third-party services. So by taking the direct approach, ChainArQ becomes the only option for cross-chain transactions for many projects which are otherwise ignored by other services.

Step 3: Onboarding Multiple Bridges

Bridges are a vital component of the cross-chain swap mechanism because they provide liquidity on both sides of the transaction.

Step 4: Optimizing the trading route

This is done on multiple levels; splitting orders across different DEXs to obtain the best price for users and finding the most cost-effective route to lower Gas fees are both essential steps to maximize the value of users’ trades and minimizing potential losses.

Step 5: User-Friendly Interface

By offering a user-friendly interface, accessible to both experienced traders and newcomers, ChainArQ aims to simplify the complexities of DeFi and make it easier for users to participate in the ecosystem.

Step 6: Securing the Journey

Nobody wants to lose their money, that’s why ChainArQ applies various security modules that can serve as a “circuit breaker” in the event of a potential threat, thus protecting the user’s funds. Aside from that, risk mitigation strategies such as “Exact Value approval” when interacting with ChainArQ’s smart contracts means that users’ wallets are never exposed for more than the value of the transaction that they want to exchange. Additionally, every interaction with ChainArQ’s smart contracts are trustless, meaning that no one aside from the wallet owner can manually interfere with the transaction.

The Promise of ChainArQ: More than Just a Swap

With ChainArQ’s innovative Cross-Chain Aggregation tool, the DeFi landscape is set to be revolutionized. Gone are the days of struggling with scattered DeFi services and chain-specific limitations. ChainArQ envisions a future where DeFi enthusiasts can seamlessly access and manage their assets across various chains, all from one unified entry point. With a comprehensive view of liquidity pools and trading options, NFT Marketplaces and a unique cross-chain Launchpad in the works, ChainArQ empowers users to make informed decisions and unlocks the true potential of decentralized finance.