Get the best rates on any asset with a Pod – straight through the $PEAS app. @GluexProtocol now routes swaps through Pods and Peapods’ lending markets when it’s most profitable. Try it in our brand-new swap UI:
2/ Integrating Peapods into @GluexProtocol's DEX order routing unlocks additional transaction volume for Pods – driving revenue and expanding use cases. Being integrated into DEX order routing sets the stage for Peapods to become one of DeFi’s most competitive liquidity markets.
3/ How does DEX routing benefit Peapods? Quick recap: A Pod token (pTKN) is a yield-bearing wrapped version of a ERC-20 token (similar to an LST) that can be wrapped or unwrapped for a fee. Routing transactions through Pods renders a Pod token’s DEX liquidity equivalent to that of the underlying (= podded) token, therefore directly adding to its liquidity depth.
4/ For projects with Pods, this means Pod liquidity = additional liquidity – supporting the podded token's price during sell-offs. Integrating Pods into order routing now allows this extra liquidity to dampen sell pressure instantly, rather than having the token sell off first and then be arbitraged back up to the Pod token’s price – providing an even more attractive liquidity setup for investors (and therefore projects).
5/ Example: How does order routing through Pods work? (1) Alice wants to swap 100,000 $WILD tokens for $USDC. Without Pods, the route delivering the best rate for Alice may look like this: Step 1️⃣: Swap $WILD for $wETH Step 2️⃣: Swap $wETH for $USDC The transaction fully routes through a Uniswap v2 and v3 pool. Alice receives 20,006 USDC.
6/ Example: How does order routing through Pods work? (2) With Pods integrated into @GluexProtocol, some or all of Alice's transaction is routed through Peapods, wherever it provides the best outcome. If $WILD trades at a discount to its wrapped version $pWILD, GlueX can secure a better rate for Alice by routing part or all of her order through the $pWILD Pod: Step 1️⃣: Wrap $WILD for $pWILD on Peapods Step 2️⃣: Sell $pWILD for $pfUSDC on Uniswap Step 3️⃣: Redeem $pfUSDC for $USDC on Peapods Alice receives 20,596 USDC - an almost 3% better outcome. In this example, since pWILD is overpriced compared to WILD, selling pWILD yields more USDC for Alice than traditional trading routes. This route also works in the other direction if $WILD trades at a premium to $pWILD.
7/ Summary: @GluexProtocol routing now taps Pods in-path for better rates and deeper liquidity. This unlocks: ✅ Better swap prices for podded tokens ✅ Deeper, low-cost liquidity for any token with a Pod ✅ More volume and fees for Pods - translating into higher yield for volatility farmers Try it out on: $PEAS makes it possible.
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