A DeFi aggregator is a platform that brings together trades across numerous DEXs where users can choose between various buying and selling strategies in order to maximize their profits.
What are the benefits of DeFi Aggregators?
- Decentralization: As the word “Decentralized Finance Aggregator” says, DeFi Aggregator’s users are able to enjoy the fully decentralized access for their trades, lending, yield farming, etc.
- Saving time: A DeFi Aggregator will bring various DeFi platforms in one location, this will be time saving for every user instead of visiting each DeFi platform in order to complete his transaction.
- Diversification: A DeFi Aggregator will spread across multiple chains such as Ethereum, Binance Smart Chain, etc. allowing wide selection of protocols which are beneficial for diversify investments and receiving best yield rates.
- Offering best rates: DeFi Aggregators are able to offer the best prices for their users.
- Sophisticated UX/UI frontend experience: Users will be able to enjoy the user-friendly and unique designs of most DeFi Aggregators since they are constantly working on bringing the user’s experience to the next level.
The only downside of the DeFi Aggregators is the gas fees, since they are going across multiple protocols the fees are higher than the individual protocol interaction. For example the Ethereum price as its rises it takes the fees with it, but hopefully with the current ETH hardfork and with the many upcoming updates on the ETH blockchain the gas fees will dramatically reduce and users will be able to enjoy higher profits from their DeFi trades.
But even with high fees, DeFi Aggregators are still bringing millions of new users in the cryptocurrency market and offering them variety of options for increasing their portfolio. While some users prefer holding their assets such as Bitcoin on their wallets, DeFi users are enjoying high yield fields and other powerful features for building up their portfolio.
EGG.FI is offering access to all DeFi, Farms, Blockchains, Bridges, Assets and DEXs with a single click by connecting your wallet such as MetaMask, Coinbase Wallet, Formatic, Torus and many more.
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of EGG Finance. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.