OKX adds Uniswap API on DEX, launches gas-free trading
OKX chief innovation officer Jason Lau said that the new feature eliminates common DeFi headaches like slippage, MEV attacks and failed transactions.
Crypto exchange OKX has integrated Uniswap Labs’ application programming interface (API) into its decentralized exchange (DEX) to allow gas-free trading through a feature called “Snap.”
OKX chief innovation officer Jason Lau told Cointelegraph that the feature allows simpler decentralized token swapping. Lau explained that the integration with Uniswap gives the OKX DEX access to the UniswapX protocol and is connected to its liquidity.
When asked how the integration allows no-fee swaps, Lau explained that this is done through a new model, with liquidity providers covering the fees. He believes that the process is convenient for the users and would allow for some savings. He explained:
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