Polkaswitch
FAQ
What is Polkaswitch?
Polkaswitch is a decentralized multi-chain liquidity protocol aggregating trade volume across decentralized exchanges on multiple blockchains. It eliminates trusted intermediaries allowing for fast, efficient trading. We currently plan to support Ethereum, Polkadot, Polygon, BSC and Arbitrum.
Who keeps the custody of assets while trading?
Polkaswitch uses smart contracts to secure transactions. Crypto assets are stored on a contract wallet and can be viewed publicly, are traceable and irreversible. Non-custodial means only you have access to your cryptoassets.
How are asset prices determined on Polkaswitch?
The Polkaswitch protocol navigates multiple liquidity sources per token pair. Every liquidity source has its own algorithm and Polkaswitch will fill the order using the best offers received from liquidity sources like Uniswap, Dfyn, Quickswap, Bancor, Sushiswap, Polkaswap, Kyber Network.
Why does my transaction cost X?
Depending on the blockchain network you are trading on, Ethereum requires gas to execute each trade transaction. You can also check ETH gas station for the current prices required to complete transactions. Networks like Polygon and BSC, will require much less gas fees.
How can I contact the Polkaswitch team?
Email: team@polkaswitch.com. You can also find us on Twitter and Telegram.
Are there risks in using Polkaswitch?
The Polkaswitch protocol smart contracts will be audited, and it is designed with security as its top priority. The code will be audited twice by professional security firms during our testnet and cross-chain deployment.