• Matcha, a DeFi aggregator, has launched gasless trading

  • Matcha, a decentralized exchange aggregator, has released an open public beta of its “Gasless Trading” feature, which allows users to trade on Ethereum without paying transaction fees.

    Trades With Market Makers Without Using Gas

    Matcha, a decentralized exchange aggregator powered by the early Ethereum project 0x, has released a new feature that allows users to trade on Ethereum without having to pay gas fees.

    Additional liquidity from professional market makers is used to enable the “Gasless Trading” option, which runs alongside Matcha’s traditional liquidity aggregation. Gasless Trading is powered by meta transactions, which allow a third-party relayer to submit a transaction on someone else’s behalf, according to 0x engineer Phil Liao.

    A user must sign a transaction after connecting their wallet and entering a trading value. Following that, the order is routed through market makers, who provide swap rates. The market makers pay gas fees on behalf of the users after the order is filled, and the trade is verified on-chain.

    Matcha is a popular decentralized exchange (DEX) aggregator on Ethereum. Uniswap, SushiSwap, and Curve are just a few of the major DEXs where DeFi traders can use it to find the best rates.

    Matcha explained the feature in a tweet, saying it would protect users from trading slippage and Maximal Extractable Value (MEV), a “invisible tax” created by users reordering blocks and censoring transactions on Ethereum to profit from DEX traders.

    WETH/USDC, WETH/DAI, WETH/USDT, WBTC/USDC, WBTC/DAI, and WBTC/USDT are among the high-liquidity ERC-20 tokens for which Matcha has enabled the feature.

    The disadvantage of Matcha’s gasless trades is that market makers can quote different prices for token swaps than the true market price. Users may be charged higher fees than they would for regular Matcha swaps as a result of this. Some have called the feature “misleading” and demanded greater transparency of the hidden costs of a gasless trade.

    Nonetheless, the feature may be useful for users who don’t have enough ETH in their wallet to pay for a token swap or who want to pay a premium for slippage and MEV protection.

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