Lifi is expensive and gassy, people want Defi but secretly not all the staking and restaking mess. The solution is to integrate some more swappers namely propellerswap (solver) and Portals Portals (aka zaps) just the zaps bit (any<>any and Zaps). No messing with other endpoints like opportunities
or grand wild redesigns.
More routes and more options equals competitive pricing. better pricing leads to more volume.
Propellor swaps give us positive slippage. we can pocket this on sub 1k swaps or….we can give it back to low cost users which would lead to a wild retention loop. “Test your trades on SS and get money back. Stay b/c the rates will often be better for you than anywhere else. PLus portals and you have one click defi. Add all your accounts“
More asset options is also retentive since users don’t need to visit as many dapps to enter and exit defi stuff which Tim believes is a hidden “revealed preference.”
Propellerswap actually shipped a doc for us on how to integrate and Gomes did light technical review
Portals we just pay a $50/mo fee for the API.
One way is we split portals into a new tab on the swapper (not that necessary but we can challenge this path)
/web
we will filter to the available assets that shifts support.We’ll have to chat with them about fees. as of now it’s mentioned that “all zaps take a 15 BPS fee.” but in DM’s in march 2024. founder said:
Also, not sure if we have mentioned previously, but we do offer 100% rev sharing now, meaning that any fee you set you'll keep 100% of (or you can set it to 0 if you'd like)
This sounds like us using fox discounts is no issue, but some zaps may be prohibitively expensive and the DFC will have to keep a watchful eye on those params. or negotiate with portals to have our API be different if we drive more volumes.
Does this effect EOA wallets, UTXO wallets, Smart Contract Wallets, Hardware wallets, or a limited scope of them?