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0x Labs launches Tx Relay API in beta, with Robinhood Wallet as first partner

March 1, 2023
in DeFi
Reading Time: 2 mins read
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The issue

One main supply of friction in Web3 is the necessity for a consumer to carry and preserve balances for every chain’s native token as a way to pay for transactions. Earlier than as we speak, customers needed to overcome this hurdle by preloading wallets, shifting balances throughout apps, and sending tokens between addresses to provoke transactions. This can be a important barrier to extra widespread adoption.

The answer

The Tx Relay API abstracts away the complexities associated to approvals, allowances, and swaps. This permits builders to construct extra intuitive consumer interfaces for his or her purposes, making it simpler for them to onboard the subsequent wave of customers into Web3.

The advantages of Tx Relay API

Scale consumer adoption with a frictionless buying and selling expertise.

Enhance onboarding and conversion: Simplify consumer flows to your app and permit your customers to start out buying and selling with any token that’s of their pockets. Customers received’t be confronted with upfront requests for approvals and community charges, these are abstracted away into the backend.Safety for customers: Defend customers from MEV with proprietary Slippage Safety and Request for Quote orders from non-public market makers.Deep liquidity for the perfect execution: Unlock aggregated liquidity from 0x non-public market makers and 70+ exchanges together with Uniswap for the most well-liked pairs on Ethereum and Polygon.Construct for crypto-native customers: Composable with Swap API if you wish to supply execution optionality. Devs can design a UX the place superior customers can choose in and choose out of gasless with out sacrificing expertise.

Construct with 0x APIs

0x Labs is dedicated to equipping builders and enterprise customers with the instruments and infrastructure to supply the perfect crypto buying and selling expertise for his or her customers. Our APIs energy the main wallets, centralized exchanges, custodians, fintechs, and extra. For builders and enterprises who need to construct with Tx Relay API, be a part of the waitlist to get entry. 0x.org/#early-access

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Tags: APIBetaLabslaunchesPartnerRelayRobinhoodWallet
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