PLEXUS, a well-known company specializing in cross-chain bridge aggregation, has made a significant announcement regarding its latest development. The platform is rolling out the Theta Algorithm V2 to kickstart a new era of cross-chain operations, aimed at improving user satisfaction. The company revealed this exciting news on its official X account.
Major Update! PLEXUS Introduces Theta Algorithm V2!
Advanced Transaction System:
Theta V2 leverages machine learning to enhance liquidity management across chains, taking into consideration various factors like fees, gas costs, slippage, and price impact to ensure a seamless trading experience.
Enjoy quicker, safer, and more scalable transactions…
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— PLEXUS | We’re Hiring! (@plexus_fi)
June 5, 2024
PLEXUS Unveils Theta Algorithm V2 to Elevate User Experience
Furthermore, the company also shared detailed information about this development in a blog post on Medium. According to the post, the project utilizes machine learning outcomes for transfers, focusing on To-chain, Middle-chain, and From-chain transactions. It employs the Executor contract to assess liquidity hierarchically at bridges and decentralized exchanges individually, taking into account factors such as price impact, slippage, gas fees, account charges, and more. This approach streamlines the trading experience for users and enhances efficiency through data processing.
Additionally, the platform highlighted key improvements introduced by the latest project, including enhanced speed, user interface enhancements, scalability, and heightened security measures. The project aims to expedite transaction processing while implementing cutting-edge security technologies to safeguard user assets. Moreover, Theta Algorithm V2 offers better compatibility with various blockchain networks, supporting additional protocols and assets. The user-friendly interface facilitates seamless operations for clients.
Initially, Theta Algorithm V2 supports transfers across up to eight chains, with plans to expand support to more chains in the future. The company will continuously evaluate and monitor transfer stability and performance to determine the inclusion of new chains based on user preferences and performance metrics. Prioritizing chains that meet performance and stability criteria, the platform aims to enhance user experience by providing support for chains that offer optimal performance.
By focusing on meeting user expectations and delivering an improved trading experience, PLEXUS demonstrates its commitment to enhancing cross-chain operations for its users.