How to Build a Decentralized Exchange like WardenSwap?

Wardenswap is a leading decentralized exchange built on Binance Smart Chain. It is not just another DEX but is designed to find the best rate for traders on Binance Smart Chain (BSC) automatically. This feature automatically attracts more traders to Wardenswap Exchange and nowadays building DeFi exchange like WardenSwap has become even easier with a clone script.

How does WardenSwap find the best rate for its traders?

WardenSwap is powered by an Automated Market Maker or AMM protocol. Fundamentally, an AMM protocol allows token holders to contribute their assets as liquidity into the pools. This solves one of the biggest problems for the DEXs that struggle with liquidity issues. For contributing to the liquidity, the traders are incentivized with a portion of the transaction fees on every transaction made to that pool.

So basically, instead of an order book, the AMM uses an algorithm to get the trading price of a particular asset. While AMM solves the liquidity issues for DEXs and DEX users, it has its own set of issues. These include:

1. High Slippage
2. Impermanent Loss (IL) for liquidity providers.

Both these issues increase the cost of trading on DEXs and that is what WardenSwap or WardeSwap clone script based DEXs solve.

WardenSwap DEX offers traders prices from multiple pools and then finds the best price across all these pools. In addition to this, WardenSwap splits trading amounts across multiple routes in a single transaction. This makes sure the traders get even better prices always.

Let’s assume a trader is trading BNB into BUSD but this trade could make a high price impact on the BNB-BUSD pool and put the trader to a loss. What Wardenswap will do is it will split the trade into 2 different routes and trade 2 pools. This will ensure there is hardly any impact on the pool as well as the trader will get the best price. To provide the best price to its users, WardenSwap tries to make its DEX market bigger.

Build DeFi Exchange like WardenSwap with the clone script

Wardenswap clone script is used to quickly and cost-effectively build DeFi exchange like Wardenswap. While the clone script is designed to replicate the WardenSwap DEX, the development team at Antier Solutions can customize the following feature to make it specific to your needs:

Liquidity pools

Multiple pools can be created to cater to the trader group you DEX is targeting.

Trading fee

WardenSwap offers the most competitive trading fees of 0.1%. But if the traders hold the native WAD token (at least 100) the trading fees are waived off.  If your DEX model supports this, WardenSwap Clone Script can easily create and customize this feature.

Pool fee

As per the fundamental WardenSwap design, the pool fee is 0.30%.

Out of which 0.25% goes to the pool Liquidity Providers (LPs), and 0.05% is converted to the native WAD tokens. These tokens are then distributed to the WAD token holders for the Earn & Burn programs. If your DEX also has an earn and burn program, the pool fee percentage can be customized in the script to suit your needs.

DEX aggregation

When we build DeFi exchange like WardenSwap using a clone script it inherently integrates 10 DEXs into it. These are PancakeSwap, BakerySwap, JulSwap, Ellipsis, Value DeFi, Spartan Protocol, ACryptoS, Nerve Finance, Definix, and MDex. If you wish to integrate any more DEXs or want to replace some with a DEX of your choice, we can customize the clone script to do so.

Best rate Wardenswap clone script features

The WardenSwap Clone Script developed by Antier Solutions is designed to provide the best rates by including features like single routing swap, split routing swap, multi-hop routing swap, and dynamic search with depth routing.

User Profile management

For better user profile management, the WardenSwap clone script offers user dashboard features like NFT achievement, ranking system, personal total trading volume, trading milestone and trading history. The dashboard also offers more features like total value locked (TVL), total aggregated liquidity, native token stats, top tokens, top pairs, and all transaction history.

Wrapping it up

If you are looking for a customized Wardenswap clone script for DEX development, connect with us as we lead the space. Offering top-rated and high-security DEX solutions developed by 500 blockchain experts, we ensure our clients are always satisfied with our solutions.

Connect with our subject matter experts to share your business needs.