PLEXUS, a well-known company specializing in cross-chain bridge aggregation, has recently made a significant announcement. The platform is set to introduce the Theta Algorithm V2, marking the beginning of a new era of cross-chain operations aimed at improving the user experience. The news was shared on the company’s official X account.
Major Update! PLEXUS Introduces Theta Algorithm V2!
Enhanced Transactions:
Theta V2 leverages machine learning to optimize liquidity across different chains, taking into account factors such as fees, gas costs, slippage, and price impact to provide users with the best trading experience.
Experience faster, safer, and more scalable…
pic.twitter.com/me6GiLMQSv
— PLEXUS | We’re Hiring! (@plexus_fi)
June 5, 2024
PLEXUS Unveils Theta Algorithm V2 for Improved User Experience
Furthermore, the company also released a detailed blog post on Medium to provide insights into this new development. The post highlighted that the project utilizes machine learning outcomes for transfers, considering To-chain, Middle-chain, and From-chain transactions. It also employs the Executor contract to assess liquidity hierarchically at bridges and decentralized exchanges, taking into account factors like price impact, slippage, gas charges, and account fees to streamline the trading experience for users.
By processing more data, the project aims to enhance efficiency. Additionally, the platform discussed key enhancements brought about by the latest endeavor, including speed improvements, user interface enhancements, scalability, and heightened security measures.
The project is expected to offer faster transaction processing speeds and implement state-of-the-art security technologies to safeguard user assets. Theta Algorithm V2 also promises better compatibility with a variety of blockchain networks, supporting more protocols and assets. The user-friendly and intuitive interface makes it easy for clients to navigate and execute their transactions.
Initially supporting transfers across up to eight chains, Theta Algorithm V2 plans to expand its support to include more chains in the future. The company will continuously assess and monitor transfer stability and performance to determine the addition of new chains based on the results of these evaluations.
Project Will Expand Support for Additional Chains through Continuous Monitoring
Chains that meet the necessary criteria for consumer satisfaction will be prioritized for support. The platform will carefully select chains based on performance and stability to ensure the best user experience. This commitment reflects the platform’s dedication to meeting user expectations and providing an enhanced trading experience.
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