In this article, CoinF will provide you with information about Odos Protocol – a DEX aggregator project that brings many benefits to users. Currently, the project has not issued tokens and is likely to airdrop to users. Let’s learn more about the project through the article.

What is Odos Protocol?

Odos Protocol is a protocol that uses Smart Order Routing (SOR) which is a patented Automated Market Maker (AMM) pathfinding algorithm. For the purpose of aggregating decentralized exchanges (DEXs) and finding optimal routes for coin/token swaps.

By traversing a wide world of possible coin/token swap combinations and non-linear paths, Odos offers significant gas fee savings and advantages to its users.

Outstanding Features of Odos Protocol

• Allows swapping of multiple tokens into a single token on a single transaction: Odos Protocol offers multiple coin/token transaction combinations through the use of a non-linear path to provide complex routes and rates Various exchange rates help optimize gas fees for users. Therefore, Odos Protocol is considered the first DEX aggregator to introduce not only a single swap feature, but also the ability to import multiple coins/token and swap into one coin/token on the same transaction.

• Unlike current DEX aggregation solutions that consider only linear coin/token path combinations and limited coin/token connectors, Odos’s patented algorithm considers any possible swap combinations. available to provide the most optimal trading.

• Arbitrage Tracker Odos calculates optimal arbitrage for over 35 million paths in real time, allowing users to track and analyze maximum extractable value opportunities across multiple blockchains.

How to use Odos Protocol

The platform is very intuitive, to interact with it and make your first swap:

• Navigate to www.odos.xyz
• Click Launch dApp (top right corner)
• Connect your wallet Metamask and accept the conditions
• Choose your Network: Polygon| Arbitrum| Optimism| Ethereum

Note: If you need to add network to your Metamask, you can use  Chainlist.org

Development team

Odos Protocol is the first product of  Semiotic Labs , a group of experts in AI and cryptography coming together with the sole passion of solving real-world challenges in Web3.

The team joined  The Graph Protocol  as a contributing core developer and received a grant of $60 million over 8 years to support the R&D of the protocol.

Socials

• Twitter: https://twitter.com/odosprotocol
• Telegram: https://t.me/odosprotocol
• Website: https://www.odos.xyz

Final thoughts

ODOS currently operates on 4 Polygon networks| Arbitrum| Optimism| Ethereum and the project will certainly add more. Currently, Odos Protocol does not have its own token. You can become an early supporter by doing some swap, claim OAT , collect NFT and contribute to community for a chance to get Airdrop from the project. There is no official information on whether the project will Airdrop or not, but running NFT campaigns on GALXE shows that Odos Protocol is looking to promote its products to more users.

Through the above article, CryptoChill has helped you know about the ODOS Protocol and the highlights of the project.

Disclaimer: This post is not investment advice. You will be 100% responsible for your investment decisions.
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