Cryptocurrency

Dfyn exchange introduces a new request-for-quote pricing model

Diffina multi-chain decentralized exchange, has launched request for quotation (RFQ) orders on its platform.

The new RFQ pricing model is the latest launch in the exchange’s efforts to introduce a range of new investment products including options, futures and perpetuals.

The company works with various market makers to build optimized on-chain products for liquidity providers. These products are built on a quote order to provide users with the best quotes on the market.

Dfyn now allows users to conduct instant gasless transactions across multiple blockchains.

The addition of RFQ orders will give users access to better prices, especially for medium and high volume trades. RFQ orders work similarly to his OTC trading, so users can also execute large trades without slippage. The new RFQ model requires no wasted capital from market makers, allowing them to offer better prices while maintaining low fees.

All RFQ order execution happens on-chain, offering prices similar to centralized exchanges while maintaining the security and anonymity of a decentralized system.

Finally, Dfyn’s RFQ model has no Maximum Extractable Value (MEV) risk. This means that third parties cannot intervene between market makers and users.

In the coming months, the exchange will also launch centralized liquidity and on-chain limit orders. Dfyn said this will allow it to expand its product suite and become a capital efficient platform.

“launch We are one step closer to achieving our goal of making the DeFi trading experience as intuitive and sophisticated as the Forex and Stock Markets. To onboard the next set of users, you need to provide convenience and a seamless trading experience. By bringing all investment-related activities together in one platform, he gives users a lot more adaptability,” Ramani Ramachandran, his CEO at Dfyn, told his CryptoSlate.

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