OKX has integrated the Uniswap API for commission-free trading on its decentralized exchange
The company explained that fees on behalf of users will be paid by liquidity providers
OKX exchange has integrated into its decentralized trading platform (DEX) the API of Uniswap Labs, the company behind the development of DEX Uniswap based on Ethereum. This will allow OKX DEX to gain access to the UniswapX protocol and its liquidity, as well as to ensure commission-free trading using the Snap function. OKX Innovation Director Jason Lau noted that the integration will eliminate such common problems in the decentralized finance (DeFi) sector as slippage, failed transactions and MEV bot attacks.
Lau explained that commission-free trading is provided by a new financial model in which fees on behalf of users are covered by liquidity providers. In addition, OKX users will be able to access their wallets in the Uniswap interface thanks to the Ethereum Provider Discovery update, which is part of the Ethereum Network Improvement Proposal (EIP) number 6963.
OKX stressed that the innovation applies to all browser wallets, and users can directly connect their OKX wallets to Uniswap for cryptocurrency exchange, NFT trading, participation in liquidity pools and the creation of decentralized applications (dApps).
