SlipSwap: Reduce the slippage that is incurred during the swap of tokens using Algorithmic analysis

Abstract

These days, crypto-currency is getting popular in society. Many people around the globe are using these coins for transactions. This world of crypto-currency works on the principle of exchange between different cryptocurrencies. It is observed that while exchanging currencies, we often get less amount of money compared to what we hope for, as exchange rates are volatile, and they increase if a considerable amount is exchanged. This phenomenon of the exchange rate dropping, when the exchange amount increases is called slippage. To solve this problem, we propose a novel application/API - Slipswap. In this work, we propose a web application “SlipSwap” that takes the input value of one currency and gives an optimal way to exchange so that the user loses the least amount of money. There is no such tool available, which helps users save a significant amount of money. Further, the proposed tool can be used as an API and can be integrated with different platforms.