Since the launch of our beta, Totle has been focused on a user-first approach to decentralized exchange (DEX) trading. We are eager to release the Totle API so our partners can do the same.
Totle’s API and smart contracts work together to seamlessly compare prices and route orders across the world’s leading decentralized exchanges.
Harness the power of decentralized finance with the Totle API.
Decentralized exchanges (DEXs) are essentially platforms upon which people can exchange freely between each other. DEXs bring value to the market by providing a more secure and fairer way for people to exchange digital assets. Furthermore, they eliminate the need for a third-party service to hold user funds in a centralized system, instead allowing for direct trading to occur by leveraging an automated peer-to-peer system. Funds remain in the hands of the users, not a third party.
DEXs make it possible to find other people and trade with them directly over the blockchain, thereby precluding the need for centralized exchanges (CEXs) and the custody risks that come with them. Because trades are settled directly on the blockchain, there is no need to move your cryptocurrency into an exchange wallet where it is vulnerable to hacking and can fall prey to theft.
To be clear, the main differentiator between a DEX and a CEX is the fact that DEXs are non-custodial and permissionless. It is important to note that a DEX should never take custody of users’ funds or use centralized order matching (i.e., permission a trade).
DEXs offer three main benefits:
Unlike CEXs, DEXs do not have honeypots of tokens that hackers constantly try to exploit.
Unlike CEXs, DEXs do not require users to trust a third party with their personal information. Totle only works with truly decentralized exchanges. Neither Totle nor any of the exchanges we have partnered with have any information that would allow us to execute a contract on your behalf. Only you have access to your private key.
In addition to security and privacy DEXs also offer an ethical imperative. Enabling users to be in charge of their own money is a driving factor in the decentralization movement and something that was not an option prior to the advent of DEXs. Until recently, millions of individuals were forced to rely on a third party to control their assets. It’s time to change that!
The Totle system aggregates liquidity from the leading decentralized exchanges, allowing businesses and every day people to exchange tokens in a truly decentralized manner. You can interact with Totle by simply connecting your wallet. It’s as simple as that!
It aggregates order books across multiple platforms to combat the limited availability of orders. By pooling the fragmented order books among decentralized exchanges, the odds of filling your request increase greatly. What’s more, your trades are instant, liquid, and secure. Totle is the most convenient ERC-20 token trading platform.
There are many benefits and many ways Totle’s API can be leveraged, including:
When you connect your wallet to Totle, we display the Ethereum and ERC-20 tokens in that wallet. Track your allocations and the performance of each asset on a daily, weekly, annual, and all-time basis. Click the Trade tab and you can easily re-balance your allocations or add any supported ERC-20 token. You can even buy and sell multiple tokens in one transaction on the blockchain.
Many platforms and dApps in the market only allow users to invest in ICOs with ETH. In order to make the experience better and funnel users to their site, Totle allows for ERC-20 tokens to be converted in-browser to ETH. This makes the process of contributing to an ICO extremely seamless for users.
Whether your platform is used for lending for interblock arbitrage, collateralized lending or margin lending, you can link your margin lending to borrow from the smart contract and then sell on DEXs. This allows you to borrow without posting more collateral than is needed to obtain or secure financing where the user is in escrow. where the user is in escrow. Totle provides borrowers the best price because we are built atop many DEXs; price discovery can give users the best price out there. Totle can also integrate DEX trading from arbitrage platform browsers and allow users to choose and execute on arbitrage opportunities through them.
Totle makes it possible for users to trade tokens directly where they learn about them.
Totle is a liquidity layer for token swapping. Specifically, Totle can provide decentralized solutions to both individuals and corporate entities by helping with portfolio management and rebalancing, automating processes and providing tools for backtesting and social.
"As we move towards mainstream adoption we are likely going to see a move towards holders of digital assets wanting more control and security in their engagement with exchanges.
Totle aims to provide that trust layer all the while making the exchange of digital assets easier for everyone."
Founder & CEO, Totle