project screenshot 1
project screenshot 2
project screenshot 3
project screenshot 4
project screenshot 5

GLSwaps (Grandma Leveraged Swaps)

Users now have access to spot and perpetual markets from the Uniswap app (app.uniswap.org) using the GLS browser extension routing through GMX as well. This makes the on-chain trading experience as good as Binance unlock huge trading volumes with the slick UX for degens.

GLSwaps (Grandma Leveraged Swaps)

Created At

ETHGlobal Paris

Winner of

trophy

🏆 ETHGlobal Paris 2023 Finalist

Project Description

Leverage on Uniswap

From Uniswap, users can access on-chain perpetual markets. Injecting the smart contracts for derivatives by adding a leverage button and slider. For degens.

Problem

  • In CeFi there are spot and perp markets within the same platforms e.g. Binance (but not in DeFi)
  • Futures volumes spot vs derivatives are 1-2%, in CeFi it’s 76.1%, there's a huge amount of expansion to go and that's because the futures perpetuals markets are fragmented and unknown.
  • There aren’t integrated spot and derivatives trading in the same platform
  • Crypto users are very sticky to their favourite tools and so we're bringing that experience to them.

Solution

  • A browser extension that lets you swap on GMX perpetual platform from the Uniswap frontend.
  • Set leverage settings from app.uniswap.org and execute the transaction which puts in a leveraged trade on the derivatives platform.
  • Get up to 50X leverage going long and short for any tokens offered by both Uniswap and DYDX
  • By injecting the GMX smart contracts into the frontend of Uniswap, users can trade frictionlessly and get access to greater capital efficiency

How it's Made

  • A browser extension that lets you swap on a perpetual platform from the Uniswap frontend.
  • Set leverage settings from app.uniswap.org and execute the transaction which puts in a leveraged trade on the derivatives platform.
  • Got price data from 1inch API to swap trades on arbitrum
  • Added WalletConnect within a chrome pop up to sign into wallet
  • Sign in through Metamask and accessing the window ethereum object to ensure trades work
background image mobile

Join the mailing list

Get the latest news and updates