DEX Aggregating with AI — a scaling solution for Ethereum’s high gas fees. A user guide.
The fees on Ethereum are here to stay and scaling solutions grow in demand every single day.
We have tackled the issue of staking contracts with our Revenue Share solution (revshare.palmai.tech) and made minting NFTs to Ethereum cost-free and easy through SKALE’s Titan AI Blockchain (nft.palmai.tech). As a further R&D effort, we are optimizing gas options for transactions with AI and are in the process of making that technology widely available.
As the next logical step, we’ve have introduced the PaLM AI DEX Aggregator, an innovative platform that reduces user fees and enhances the trading experience with AI and is powered by the 0x ($ZRX) infrastructure that allows both optimized transactions on the mainnet and gasless swaps with their relay system.
As a project we have a commitment to scaling solutions as part of our holder utilities, visible everywhere from our approach in revenue sharing to applications such as the DEX Aggregator which have the potential to become the new standard on Ethereum mainnet.
How does it work?
Let’s explore the aggregator further to see what it does. You can follow along if you want by opening the Swap Web UI (swap.palmai.tech).
The token under Sending is technically called the sellToken. This is the token you’re trading away.
The token under Receiving is similarly the buyToken. This is the token you are trading for and will swap your tokens to.
Once you’ve checked the amounts and dollar worth makes sense, hit on Review Swap.
You will get the quote for the swap in it’s original, on-chain format. You can opt to read or ignore it.
A button will appear to buy the token. Check the name and logo and hit it when ready.
Now hit confirm within your plugged in wallets popup menu. This will differ from wallet to wallet.
Once you receive the above popup, the swap has gone through. The Green traffic light will also indicate this. You are safe to close the popup and check your gas savings from Etherscan by hitting the transaction in your transaction history!
Gasless Swaps
0x Tx Relay API supports Gasless Trading through a gasless swap mechanism that utilizes an offchain API with onchain signatures. To learn more about it, check out the docs at https://0x.org/products/tx-relay.
Currently, the option is labeled experimental and only works for a subset of tokens. In Q2, the development goals of 0x and PaLM AI align to make the feature more widely available.
This was the short release and user guide for the 0x powered DEX Aggregator by the $PALM AI Team. It also marks the revival of our Medium platform for over 10 000 potential readers.
Hope you enjoyed the post and have a great weekend — we sure have one ahead of us!
- PaLM AI Team
