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Master DeFi Trading: Near-Zero Slippage and Optimal Rates with Akka and Core — AMA Recap

By  Satoshi App  ·  2 minute read

On August 28, 2024, Satoshi App hosted a Twitter Space AMA with Akka and Core Chain to discuss DeFi trading platform focused on near-zero slippage and optimal rates. The discussion was led by Cassie Zhang, CEO of Satoshi App, with participation from Morty (Co-Founder & CTO at Akka), Springroll & Nev (Core Community), and JB (BD at Satoshi App).

Key Takeaways from the AMA:

  • Challenges in DeFi Trading:

High slippage, fragmented liquidity, slow transaction speeds, complex interfaces, security risks, and limited cross-chain capabilities. 

  • Akka's Solutions:

    • AI-Powered Liquidity Aggregation: Akka uses AI to combine liquidity from multiple DEXs, ensuring minimal slippage and optimal trading rates.

    • Near-Zero Slippage Trades: Sophisticated algorithms analyze and route trades across liquidity pools to offer the best rates with near-zero slippage.

    • Multi-DEX Aggregation: Akka's system extends across multiple decentralized exchanges, broadening liquidity access and enhancing trade resilience.

    • Seamless User Experience: Akka focuses on a user-friendly interface that simplifies DeFi trading, making it accessible even for newcomers.

    • Focus on BTCFi: Unique to Akka is its emphasis on Bitcoin Finance (BTCFi), tapping into Bitcoin's liquidity for DeFi solutions.

    • Cross-Chain Integration: Akka supports trading across various blockchains, improving interoperability and user flexibility.

  • Akka vs. Other Aggregators:

    • Advanced Routing Algorithms: Unlike basic aggregators, Akka's AI-driven algorithms dynamically select the most efficient trading paths, adapting to market conditions for superior trade execution.

    • Hybrid Processing: Combining on-chain security with off-chain speed, Akka meets the demands of both high-frequency traders and security-focused users.

    • User-Centric Innovation: Akka's approach redefines DeFi trading, integrating advanced technology with a user-centric design to lead DeFi innovation.
  • Near-Zero Slippage Trades: 

    • AI-Powered Analysis: Akka uses AI to analyze liquidity in real-time, identifying the best trading paths to minimize price impact.

    • Real-Time Trade Execution: Trades are executed swiftly to maintain the price at order placement, reducing slippage.

    • Dynamic Route Optimization: Akka’s algorithm adjusts trade paths based on live market conditions, ensuring optimal rates and minimal slippage.

  • Vision for BTCFi: 

A robust, interconnected network for seamless trading across Bitcoin Layer 2s and compatible chains. Akka aims to drive innovation with advanced trading, cross-chain interoperability, and a vibrant community.

  • Choosing Core Chain: 

Strong focus on BTCFi, advanced infrastructure, active community, and commitment to innovation.

  • Getting Started with Akka? 

Here are the quick steps:

    • Use the Akka dApp to connect your wallet and begin trading.

    • Explore tutorials and documentation to learn about Akka's features.

    • Join the Akka community channels to stay updated and connect with other traders.

  • $AKKA Token Utilities:

    • Transaction fee discounts.

    • Governance rights.

    • Staking rewards.

  • Upcoming Developments:

    • Expansion to more EVM blockchains.

    • Integration of cross-chain swaps.

    • Launch of market insight solution.

    • Partnerships with leading DeFi and BTCFi projects.

Join 8 Million $AKKA Tokens Airdrop Exclusively on Satoshi App

  • Start Time: Aug 26, 2024, at 10 AM (UTC)

  • End Time: Oct 26, 2024, at 10 AM (UTC)

  • Token Ticker: $AKKA

  • Total Airdrop Amount: 8 million $AKKA

  • Vesting Period: 

    • Immediate Release: 20% of tokens will be released immediately at the Token Generation Event (TGE) upon submission of a valid wallet address.

    • Monthly Release: An additional 20% of tokens will be released each month during the second through fourth months after TGE, provided that at least 1 swap occurs each month.

    • Final Release: The remaining 20% will be released in the fifth month after TGE, provided the total swap volume exceeds 100 USDT.

  • How to Participate:

    1. Click here to download Satoshi App, create an account, and complete facial recognition if you haven't done so already.

    2. Then, set up a Core-compatible wallet, like Metamask or Element Wallet. You can find the step-by-step guide on how to add the Core network on Metamask here.

    3. Submit your Core-compatible wallet address within the specified period, which will be announced later. It's that simple!

About Satoshi App

Satoshi App is the world’s leading airdrop platform, empowering over 16 million global users to earn free tokens daily. We endeavor to make your Web 3 experience safer, more seamless, and convenient. Acting as a bridge, we connect advanced, high-quality blockchain projects with a vast audience, offering users an easy way to discover and receive tokens.