Dfyn exchange introduces a new request-for-quote pricing model
Dfyn's new RFQ pricing model is part of the exchange's push to introduce new investment products, including options, futures, and perpetuals.
Dfyn, a multi-chain decentralized exchange, has launched request-for-quote (RFQ) orders on its platform.
The new RFQ pricing model is the latest launch in the exchange’s push to introduce a new suite of investment products, including options, futures, and perpetuals.
The company will collaborate with various market makers to build on-chain products optimized for liquidity providers. These products will be built with request-for-quote orders to provide users with the best quotations on the market.
Dfyn currently enables its users to conduct instant gasless trades across multiple blockchains.
With the addition of RFQ orders, users will gain access to better prices, particularly for medium and high-volume trades. As RFQ orders function similarly to OTC trades, users will also be able to execute large trades without slippage. The new RFQ model doesn’t require idle capital for market makers, which enables them to provide better prices while retaining low fees.
The execution of all RFQ orders will happen on-chain, maintaining the security and anonymity of a decentralized system while offering prices similar to centralized exchanges.
Finally, Dfyn’s RFQ model comes with no maximal extractable value (MEV) risk, meaning that no third party can sandwich its trades between the market maker and the user.
In the coming months, the exchange is also set to launch concentrated liquidity and on-chain limit orders. Dfyn said that this will help it expand its product suite and become a more capital-efficient platform.
“The launch brings us a step closer to achieving our goal of making the DeFi trading experience as intuitive and refined as forex and stock markets. To onboard the next set of users, we need to offer convenience and a seamless trading experience. Combining all investing-related activities on one platform will significantly increase user adaptability,” Ramani Ramachandran, the CEO of Dfyn, told CryptoSlate.