0x (ZRX) Protocol Launches New API to Facilitate Cost-Efficient Token Swaps
the 0x API makes it possible for DeFi developers to swap tokens at the best price on decentralized exchanges (DEXs), easily execute swaps in smart contracts and more, according to a blog post on January 28, 2020. As stated in its blog post, the new 0x API enables users to easily carry out token swaps with the price available in the DEX ecosystem, using a simple “GET call.”.
The team says the 0x API has the ability to aggregate liquidity from 0x Mesh, a P2P network for sharing 0x orders and a vast array of DEXs, including Kyber, Uniswap and Oasis, and use the smart order routing functionality to fish out the best prices for users. In addition to providing DeFi developers with the best prices for their token swap endeavors, the team has made it clear that the new 0x API also allows for frictionless execution of a swap in smart contracts, with a transaction constructed on behalf of the user.
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