Via Protocol unites cross-chain protocols and finds the cheapest 1-transaction any-to-any swaps

OVERVIEW OF VIA Protocol

1. What is VIA Protocol?

Via Protocol is a cross-chain liquidity aggregation protocol designed to create fast, efficient and seamless swapping experiences across different blockchains. Via Protocol can be thought of as the Visa and the Mastercard of cryptocurrencies, a single piece of infrastructure that manages transfers and payments across various networks and tokens, overcoming the hurdles of interacting with multiple DEXs and bridges.

2. What problem does VIA Protocol solve?

Cross-chain routing

Via Router, aggregating more routers, bridges, and chains than any other cross-chain router to ensure users can find the most efficient   secure routes, with the most liquidity and cheapest fees, to swap their tokens across chains

Security

When bridges’ hacks happen daily, the most important thing becomes how not to be involved. VIA Protocol offer the following solutions:

Watchdog monitors the transactions of all aggregated bridges and automatically disables hacked ones and those with expired liquidity.

In UI, VIA show how bridges are decentralized, the number of audits, and the presence of a centralized relayer in the route.

Advanced routes

To transfer tokens from Ethereum to Layer 2 – there is no problem with which bridge to choose. 

But what if you need to move tokens between sidechains, for example, between Astar and Aurora? Here are “advanced routes” that come to the rescue, which find routes with intermediate networks and allow you to make a transaction in a single UI.

3. How does aggregation work?

First, The router shows routes from more bridges and DEXs than any other aggregator on the market.

• Generally, there are three ways to make any-to-any cross-chain transactions, and Via is one of the few protocols that supports them all:
• Make multiple transactions on different blockchains
• Make one transaction through decentralized bridges that have integrated DEXs.

Secondly, Via has the most advanced sorting for every taste

• Smart sorting takes into account all possible variables, such as the cost of gas for approvals and transactions, the protocols fees, slippage, the security and decentralization of the third-party protocols VIA integrate, and more.
• Sorting by time: unlike other aggregators, VIA show the actual time of the route based on current historic data and not the approximate hard-coded time.
• Sorting by security considers the presence and novelty of audits, historical statistics on the successful execution of transactions, and decentralization.
• The maximum return shows the tokens received at the output, taking into account the most likely, minimum possible number of tokens the user can receive through the route (accounting for slippage). And also the most likely.

Thirdly, VIA Protocol is the only ones who figured out the cross-chain slippage

4. What’s special about VIA protocol?

Via solves much of the complexity of living in a cross-chain world by providing cheap, fast, and seamless any-to-any token swaps with a polished and intuitive interface.

Via can automatically scan over 70 DEXs across 25 networks and 21 of the most popular cross-chain bridges. Unlike other aggregators, Via can automatically detect the fastest and cheapest swap routes, and perform any-to-any swaps within 60 seconds.

Via doesn’t take any commission or cut from the swaps on the cross-chain aggregator. There will only be a commission, earned by the bridge if it is provided by the bridge through which the router will be conducted.

5. What advantages does VIA exchange bring?

Via Exchange has achieved the following advantages:

• All cross-chain routes in one interface
• Refuel: Move gas between any networks in 1 click
• Security: analyze bridges’ transactions and automatically disable those hacked or lacking liquidity

Quickly preview the best route with all its attributes

6. Founders

Serafim Korablev (CEO)

https://twitter.com/SerafimCloud

https://t.me/serafimeth

http://linkedin.com/in/serafimkorablev

Daniil Okhlopkov (CTO)

https://twitter.com/danokhlopkov

http://linkedin.com/in/danokhlopkov

Final Thoughts

Cryptocurrency trading has come a long way. Through the above article, Crypto Chill has provided you with basic information about VIA Protocol and VIA Exchange. VIA protocol enables anyone with a cryptocurrency exchange to benefit from its transparent decentralized exchange services.Will the difference in ideas and creativity in the construction process make this project go far and achieve the expected effect? Let’s look forward to the explosion of VIA Protocol in the future.

VIA Protocol information channels:

Website: https://via.exchange
Twitter: https://twitter.com/via_protocol
Medium: https://medium.com/via-exchange