​​0x (ZRX) 0x is an open-source, decentralized exchange infra | Crypto Great | Bitcoin | DeFi

​​0x (ZRX)

0x is an open-source, decentralized exchange infrastructure that enables the exchange of tokenized assets on multiple blockchains.

Ethereum is set to undergo The Merge in September. As a reminder, The Merge is its transition from PoW (Proof of Work) to PoS (Proof of Stake). And 0x has already begun preparing for it.

Last week, 0x announced full support for Ethereum’s Goerli testnet as well as Polygon’s Mumbai testnet.

0x will provide access to these testing environments for developers building DeFi applications with 0x protocol and 0x API. Developers can then test smart contracts and perform swaps for their apps on all 0x-supported networks.

On July 14, 0x introduced a new Slippage Protection feature enabling developers to consistently deliver the best executed price.

Due to the volatility of cryptocurrency, the price of an asset can fluctuate heavily in a brief amount of time. Slippage is the difference between the expected price of an order and the actual price when the order executes. Most of this value is captured or lost through Maximum Extractable Value (MEV).

Many DeFi applications today only show quoted prices, which do not incorporate slippage, and are often drastically different from the executed price.

0x’s new Slippage Protection also includes MEV-aware smart order routing for DEX trades. Since 2020, MEV bots have extracted over $670 million from DEX users, with nearly $9 million extracted in the last 30 days. In most cases, these losses come from slippage only visible after the trade settlement and typically goes unreported to the user.

With Slippage Protection enabled, users will also experience fewer failed transactions and save on otherwise wasted gas fees, resulting in an overall improved experience. These integrations are important for DeFi users. 0x API aggregates liquidity from DEXs like 0x Mesh, Kyber, Uniswap, and Synthetix.

0x API’s new protection routes orders to avoid slippage and MEV attacks, which means better fees and prices on swaps. Ensuring 0x users their money is, and will remain, in safe hands.