DLN is an advanced non-custodial exchange that enables fast, highly capital-efficient, and secure native trading across chains.
This means that the exchange does not hold or control the assets that are traded on its platform. Instead, users retain full control over their assets at all times, and the exchange simply facilitates the trading process.
DLN is a high performance cross chain trading infrastructure built on top of deBridge cross-chain messaging.
After months of stress-testing, tweaking, and ironing out the kinks, today marks the gated launch of DLN, a native cross-chain exchange that finally brings high performance trading to DeFi and transforms the experience of moving value between blockchain ecosystems.
Non-custodial exchanges are seen as a more secure alternative to centralized exchanges, which typically require users to deposit their assets into the exchange’s custody in order to trade. By removing the need for a centralized custodian, non-custodial exchanges can help to reduce the risk of theft or loss of assets due to hacks or other security breaches.
DLN’s non-custodial approach is a key part of its mission to provide a more secure and decentralized trading experience for its users.
By giving users full control over their assets and eliminating the need for a centralized intermediary, the exchange aims to promote greater transparency, privacy, and security in the cryptocurrency trading space.
What are the major advantages of using DLN over bridges or other cross-chain platforms?
DLN solves many of the most critical challenges facing cross-chain platforms, including:
- Lower cost: Users can make trades for as low as 8bps, as there are no fees to pay to AMMs, and no loss of additional capital to MEV/slippage.
- Deeper liquidity: DLN can draw liquidity from the entire market efficiently, instead of being limited by the amount of liquidity locked in a pool on the destination chain (as per a classical bridge).
- Protection from slippage & MEV: Users always receive the exact amount they see on the DLN interface, whereas with other platforms users never know the exact amount they will receive from the liquidity pool on the destination chain, with their only recourse being to modify the “slippage tolerance” parameter.
- No reverted transactions: Users will never experience a reverted transaction on DLN. This can happen on classical bridges if other transfers are processed before your transaction achieves finality, resulting in slippage exceeding the specified tolerance parameter.
- Shorter time to finality: The unique design of DLN means that transactions are settled in seconds or minutes, avoiding the scenario where users must wait for dozens of minutes (e.g. 256 blocks or 13min for transfers from Polygon) before their transfer is settled on the destination chain.
- Native assets: With DLN all transfers happen natively, and there is no possibility of any user ending up on the hook with bad liquidity, or bearing additional slippage and risk of MEV to settle transfers via wrapped assets.