SteelSwap DEX Aggregator Profile Banner
SteelSwap DEX Aggregator Profile
SteelSwap DEX Aggregator

@SteelSwap

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Followers
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Following
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Statuses

Refining swap outputs. Forging Cardano DeFi mastery. Join our Discord

Cardano Mainnet
Joined October 2023
Don't wanna be here? Send us removal request.
@SteelSwap
SteelSwap DEX Aggregator
15 days
Axo is now live on SteelSwap! We would like to say a special thank you to the @axotrade team for all their support. Integration was a breeze. Check this out: in one transaction, we get a CPP from @VyFiOfficial , stableswap from @wingriderscom , and and order book from Axo.
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@SteelSwap
SteelSwap DEX Aggregator
27 days
The day has finally arrived... Introducing SteelSwap V1.0! Fees are 1 ADA when there is a swap split, and 0 ADA when there isn't. Try it out and let us know what you think!
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@SteelSwap
SteelSwap DEX Aggregator
24 days
👀
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@SteelSwap
SteelSwap DEX Aggregator
14 days
We have had a few questions about the @axotrade fees, so we wanted to expand on those a bit here. 🧵 tl: dr; SteelSwap accounts for all fees when calculating the best swap, so if Axo is part of the swap you can be certain it's your best option.
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@SteelSwap
SteelSwap DEX Aggregator
9 days
We now support @MinswapDEX stableswap! In addition, we made some tweaks to the @axotrade integration to make it a smoother experience. We found 2-3 Axo swaps that stalled out, and we found that unacceptable.
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@SteelSwap
SteelSwap DEX Aggregator
14 days
This is pretty old news to some, but now it's official.
@eternlwallet
Eternl
14 days
Now on the DApp Browser: @SteelSwap An aggregator for dexes on #Cardano #ADA $ADA #カルダノ #エイダ
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@SteelSwap
SteelSwap DEX Aggregator
19 days
There are rumors that our fees are unsustainable. That that we will have to raise them to be viable. These rumors are largely unfounded. We just need to decide if we want to pay for a Twitter subscription or eat dinner. It's about priorities, not sustainability. Thoughts?
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@SteelSwap
SteelSwap DEX Aggregator
11 days
Man, after all the chaos of the previous week, it sure is nice for things to become a little more stable. And by that we mean @MinswapDEX stable swaps go live on SteelSwap tomorrow!
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@SteelSwap
SteelSwap DEX Aggregator
13 days
To relax after integrating @axotrade , we decided to build a Discord bot to get price and swap info. Related: If you own MIN, SteelSwap will apply the batcher feed reduction on @MinswapDEX .
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@SteelSwap
SteelSwap DEX Aggregator
26 days
Listen guys, I know there's been a lot of talk about the cost of batcher fees. That doesn't mean you need to dump ADA to make trades cheaper. We only charge 1 ADA per swap split. Help a new project out and... just buy some ada bro
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@SteelSwap
SteelSwap DEX Aggregator
26 days
Did you know you can non-ADA pairs on SteelSwap? If there is a pool on Cardano where both tokens are on the Cardano Token Registry, it is tradable on SteelSwap. This includes @wingriderscom StableSwap pairs! Don't worry @MinswapDEX , we see that shiny new StableSwap you got.
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@SteelSwap
SteelSwap DEX Aggregator
25 days
Hey @MinswapDEX community! Just wanted to let you know that the Minswap fee reduction for MIN holders works through SteelSwap. Holding up to 50,000 MIN will get you a 0.5 ADA batcher fee reduction for Minswap transactions through SteelSwap. Just buy some MIN bro.
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@SteelSwap
SteelSwap DEX Aggregator
26 days
@AdaMarkets That's pretty cool.
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@SteelSwap
SteelSwap DEX Aggregator
14 days
@allYourBaseNfT @axotrade The backend is a single dev, and the frontend is a single dev. What can we say? We love Cardano. Thanks for sharing.
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@SteelSwap
SteelSwap DEX Aggregator
27 days
@ShillMoBaggins How about a DEX aggregator that doesn't have a token?
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@SteelSwap
SteelSwap DEX Aggregator
12 days
@naybadiyas @axotrade We have found people are finding some juicy arbitration through SteelSwap. We don't think the bots have figured out how to track Axo properly yet. Fun fact: SteelSwap doesn't run arb bots.
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@SteelSwap
SteelSwap DEX Aggregator
3 months
As we get closer to the launch of SteelSwap v1, we would like to share a little on what we aim to achieve.
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@SteelSwap
SteelSwap DEX Aggregator
15 days
@axotrade @VyFiOfficial @wingriderscom If you haven't tried us out yet, please do!
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@SteelSwap
SteelSwap DEX Aggregator
14 days
@RetrogradeNail @ravanave @DexHunterIO Also, we plan to open source our Python library so anyone can build their own swaps in Python. We are not open sourcing the swap splitting algorithm. If you want to build your own AI bot in pytorch/tensorflow, you can plug it into our swap library. More news to come.
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@SteelSwap
SteelSwap DEX Aggregator
14 days
If you made it this far, we appreciate you taking the time to read. Feel free to ask questions. Special thank you to everyone who has tested out SteelSwap and provided feedback.
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@SteelSwap
SteelSwap DEX Aggregator
1 month
Don't let that swap routing preview distract you from the fee.
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@SteelSwap
SteelSwap DEX Aggregator
24 days
@ravanave Just to make sure theres no confusion...this isn't live yet. However, it will be ready soon. We have the swap splitting figured out. Just doing final checks.
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@SteelSwap
SteelSwap DEX Aggregator
14 days
@RetrogradeNail @ravanave @DexHunterIO I can speak to how we got this done so quickly! We have been in development since August of 2023. We have been building our own swap library from the ground up in Python. This lets us abstract out a bunch of stuff, so adding new mechanisms are easy.
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@SteelSwap
SteelSwap DEX Aggregator
9 days
@axotrade @DexHunterIO @snek Nice video Thor! We are super happy to have Axo onboard and we are seeing the advantage of having and order book in the aggregator.
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@SteelSwap
SteelSwap DEX Aggregator
5 months
Hello World 🏗️
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@SteelSwap
SteelSwap DEX Aggregator
14 days
Part of SteelSwaps swap splitting engine uses batcher fees to calculate effective price, and this is used to find you the best swap. So, the "batcher fee" for Axo might seem high, but don't worry, we are certain if it shows up it is your best option.
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@SteelSwap
SteelSwap DEX Aggregator
1 month
Coming soon
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@SteelSwap
SteelSwap DEX Aggregator
14 days
But what about that 8 Ada deposit? Axo recommended we use 5-8 Ada as a deposit. This deposit covers costs of transactions to complete the trade beyond what we estimated. In our experience, the 8 ada has always been returned but during high volume, part of it might get consumed.
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@SteelSwap
SteelSwap DEX Aggregator
14 days
Fees for Axo from from two different sources: the transaction fees and the protocol fee. The protocol fee is the larger of 1.2 Ada or 0.1% of the size of the transaction. Both transaction fees and protocol fees are added to the batcher fee for Axo.
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@SteelSwap
SteelSwap DEX Aggregator
14 days
Axo doesn't have a batcher, but it does have the OME, the engine that runs the logic of Axo strategies. It executes a series of trades to fill orders, and each trade has transaction costs paid by the market taker (the person placing the order).
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@SteelSwap
SteelSwap DEX Aggregator
27 days
@InputEndorsers It is pretty sexy. We are very proud of that.
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@SteelSwap
SteelSwap DEX Aggregator
14 days
Why did we decide to put these fees in the batcher fees? Since batcher fees are partially designed to pay for transaction costs, we felt this was the proper place for them. Ultimately it doesn't matter where the fees go, the swap engine accounts for them.
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@SteelSwap
SteelSwap DEX Aggregator
14 days
In order for SteelSwap to get the best effective price (after fees), SteelSwap estimates how many transactions it will take to fill the swap, and based on that we estimate transaction fee costs. This along with the protocol fee gets added to the batcher fee.
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@SteelSwap
SteelSwap DEX Aggregator
3 months
Our flagship product is our DEX aggregator, which gives the best swap trades on Cardano. Stay tuned. More info coming soon!
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@SteelSwap
SteelSwap DEX Aggregator
24 days
@Casper_450 We don't set the fees, we just build the transactions. Also...when Ada is $5 this is a $50k transaction so still less than 0.1% of the total transaction. It is definitely still a chunk of change.
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@SteelSwap
SteelSwap DEX Aggregator
27 days
@ItsDave_ADA Let the games begin friend. 😁
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@SteelSwap
SteelSwap DEX Aggregator
2 months
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@SteelSwap
SteelSwap DEX Aggregator
25 days
@TapTools Eleventeen eleventy eleven obviously
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@SteelSwap
SteelSwap DEX Aggregator
3 months
On launch, SteelSwap's primary goal is to create the most efficient swap transactions on Cardano. Our larger goal is to maximize the utility of existing Cardano DeFi products through innovation, bringing previously unseen utility to Cardano DeFi.
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@SteelSwap
SteelSwap DEX Aggregator
11 days
Just to be clear, tomorrow means within the next 24 hours.
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@SteelSwap
SteelSwap DEX Aggregator
24 days
@at0mcrypto @Casper_450 Excellent question. Axo operates a bit differently than everyone else (big understatement). The batcher fees represent a combination of protocol fees and Cardano fees. We estimate how many txs OME will make. We will update the UI a bit to better represent what the fees are.
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@SteelSwap
SteelSwap DEX Aggregator
27 days
@zormtar @eternlwallet I should probably mention that we are on the Eternl dapp browser at some point.
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@SteelSwap
SteelSwap DEX Aggregator
24 days
@Alfredo127744 Not yet. We have swap splitting, transactions, and cancels working. We are doing final checks before letting it roam in the wild.
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@SteelSwap
SteelSwap DEX Aggregator
13 days
@Yabba900 @eternlwallet We love making dreams a reality.
@eternlwallet
Eternl
14 days
Now on the DApp Browser: @SteelSwap An aggregator for dexes on #Cardano #ADA $ADA #カルダノ #エイダ
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@SteelSwap
SteelSwap DEX Aggregator
27 days
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@SteelSwap
SteelSwap DEX Aggregator
26 days
@wingriderscom @MinswapDEX I should really check my posts for grammar. It should say you can trade non-ADA pairs. 😅
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@SteelSwap
SteelSwap DEX Aggregator
24 days
@RichardMcCrackn @wingriderscom @MinswapDEX Thank you for trying it out! We hope you come back for more.
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@SteelSwap
SteelSwap DEX Aggregator
9 days
@MinswapDEX @axotrade And don't forget...when swapping through Minswap, if you hold MIN you get that batcher fee reduction on SteelSwap.
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@SteelSwap
SteelSwap DEX Aggregator
17 days
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@SteelSwap
SteelSwap DEX Aggregator
15 days
@Seanavocado @axotrade @VyFiOfficial @wingriderscom @MeZuNyNL and @purrnama__ will be very happy to hear that. If you check down at the bottom, you will see Purrnama did the design, and we are very happy with it.
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@SteelSwap
SteelSwap DEX Aggregator
13 days
@YoroiWallet @CNFT1Aficionado It's rough out here. We aren't sure how to categorize ourselves. On some level, we are an exchange, so does that make us a DEX? We just don't run our own contracts, we build optimal transactions. Either way, thanks for the shoutout Yoroi team!
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@SteelSwap
SteelSwap DEX Aggregator
8 days
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@SteelSwap
SteelSwap DEX Aggregator
15 days
@zormtar @axotrade @VyFiOfficial @wingriderscom Watch our Discord for hints at what we are working on :) Of course I don't have to tell you that.
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@SteelSwap
SteelSwap DEX Aggregator
13 days
Why name the bot Agent Millenial? Well, we might have big plans for it. Maybe. Check out @ElderM pinned post for more information.
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@SteelSwap
SteelSwap DEX Aggregator
24 days
@Casper_450 For smaller transactions on Axo, the batcher fee is smaller.
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@SteelSwap
SteelSwap DEX Aggregator
27 days
@apetoshi84 You still pay the DEX batcher fee, but we do not charge when there is no swap split.
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@SteelSwap
SteelSwap DEX Aggregator
27 days
@Syll_Defi You're right! Will add this to the Swap module.
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@SteelSwap
SteelSwap DEX Aggregator
12 days
@naybadiyas @axotrade It's the magic of math. I'll tell you a secret: it can actually be better.
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@SteelSwap
SteelSwap DEX Aggregator
14 days
@pizzadren @axotrade @VyFiOfficial @wingriderscom We try to estimate how much it will cost for Axo's OME to complete the transaction and then add another 8 ada as a "deposit" just in case. We call the combination of this fee estimate and protocol fees the "batcher fee" because batchers effectively incur the transaction costs.
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@SteelSwap
SteelSwap DEX Aggregator
11 days
@naybadiyas @MinswapDEX Pretty good so far. We are testing swaps right now, and we are finding some good arb opportunities. It doesn't look like the arb bots have caught on yet. For us, this just means we aren't losing money testing. :)
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@SteelSwap
SteelSwap DEX Aggregator
23 days
@MetaDEXfi @Stasanor @SaturnSwapIO @DexHunterIO @AdaMarkets SteelSwap was probably out, you just might not have heard of it. And if you did, you probably saw a terrible UI. And before that, we had an even worse name. Happy to chat.
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@SteelSwap
SteelSwap DEX Aggregator
9 days
@CardanoGuru @axotrade @DexHunterIO @snek Much appreciated. I will say that this morning we released Minswap stableswap support, and along with that we updated our Axo quoting mechanism. Hopefully it's resolved, but we look forward to that DM to see if theres something else we can do to improve.
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@SteelSwap
SteelSwap DEX Aggregator
1 month
@Alfredo127744 In progress. 😁
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@SteelSwap
SteelSwap DEX Aggregator
27 days
@PibeAge @ravanave Thank you for the early support!
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@SteelSwap
SteelSwap DEX Aggregator
27 days
@Ess42069 Please do give us a try. Forge a swap or two. Who knows, you might like it.
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@SteelSwap
SteelSwap DEX Aggregator
27 days
@pizzadren @wingriderscom @AdaMarkets Ada Markets is solid. We currently have features already implemented that make our tool unique, and we will be advertising them over the next few days. Then we have the things to come...
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@SteelSwap
SteelSwap DEX Aggregator
18 days
@jwolfish01 @serotonin_ada Just food. Maybe attention.
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@SteelSwap
SteelSwap DEX Aggregator
27 days
@axobull @ravanave No token. We make money through people using it.😃
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@SteelSwap
SteelSwap DEX Aggregator
20 days
@MetaDEXfi I can offer aggregator integration...
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@SteelSwap
SteelSwap DEX Aggregator
13 days
@Willi_ammmm @YoroiWallet @CNFT1Aficionado Don't worry, we got you bro 🫂
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@SteelSwap
SteelSwap DEX Aggregator
3 months
@AbaGengGeng We have had an open Beta since late August, but the UI is very rough. Even though the UI is rough, we always seem to match or beat everyone else. Our main release is going to be a big improvement, both in UI and swap splitting. It will also have...other features.
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@SteelSwap
SteelSwap DEX Aggregator
14 days
@PhenomPhen @serotonin_ada @ravanave We can walk and chew gum at the same time!
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@SteelSwap
SteelSwap DEX Aggregator
7 days
@Quantumplation @DexHunterIO @AdaMarkets Should I just shoot the killshot?
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@SteelSwap
SteelSwap DEX Aggregator
26 days
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@SteelSwap
SteelSwap DEX Aggregator
26 days
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@SteelSwap
SteelSwap DEX Aggregator
14 days
@whenpaydayhits @serotonin_ada @axotrade Thanks for checking us out! Hope you come back.
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@SteelSwap
SteelSwap DEX Aggregator
27 days
@Syll_Defi Consider both of those included in the next UI update to be deployed😄
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@SteelSwap
SteelSwap DEX Aggregator
27 days
@CryptoverseCNFT We do our best to not pick winners and losers. If there is a pool on Cardano for it and it is in the Cardano Token Registry, it's on SteelSwap.
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@SteelSwap
SteelSwap DEX Aggregator
2 months
@eternlwallet Looking good.
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@SteelSwap
SteelSwap DEX Aggregator
13 days
@ElderM Also, join our Discord and try it out!
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@SteelSwap
SteelSwap DEX Aggregator
23 days
@NilsDannemann The DEX website is just a way to send funds to a smart contract that then sends you the other tokens back. Put another way, you send funds with a transaction, it sends other tokens back.
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@SteelSwap
SteelSwap DEX Aggregator
27 days
@Dreamerxnft @apetoshi84 Challenge accepted. We will always have 0 SteelSwap fees on single dex trades.
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@SteelSwap
SteelSwap DEX Aggregator
2 months
@AdaMarkets Looking good buddy.
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@SteelSwap
SteelSwap DEX Aggregator
2 months
@wingriderscom Might also be the right time for a new project to launch.
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@SteelSwap
SteelSwap DEX Aggregator
1 month
@nftUAV We don't have a token and have no plans to make a token. We strongly believe that new tokens should not be created unless there is an explicit need. That said, it is possible we may create one in the future if the need arises.
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@SteelSwap
SteelSwap DEX Aggregator
9 days
@CardanoGuru @axotrade @DexHunterIO @snek Hey! Could you tell us more about this? Maybe share an example?
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@SteelSwap
SteelSwap DEX Aggregator
2 months
@wingriderscom Message received 🫡
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@SteelSwap
SteelSwap DEX Aggregator
15 days
@marin1602 @axotrade @VyFiOfficial @wingriderscom Can you send me a DM with details? Or join Discord and open a ticket?
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@SteelSwap
SteelSwap DEX Aggregator
23 days
@SaturnSwapIO Pretty neat.
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@SteelSwap
SteelSwap DEX Aggregator
23 days
@Stasanor @MetaDEXfi @SaturnSwapIO @DexHunterIO @AdaMarkets Why not? Build an aggregator they said. It would be fun they said. (it actually is kinda fun, and the math is pretty)
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@SteelSwap
SteelSwap DEX Aggregator
13 days
@MeritusPool Noted! We have added these suggestions to our list of to dos. On the location of the filter input, we chose the bottom for a better user experience. If you're on mobile, the search field is easier to reach when it's on the bottom rather than the top.
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@SteelSwap
SteelSwap DEX Aggregator
15 days
@CryptoverseCNFT @serotonin_ada @axotrade It's a combination of factors. When optimizing we account for "effective price", or the price including all batcher and liquidity fees. One thing that could happen is that between slippage and fees, it's better to not use Axo for smaller trades.
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