Beginning with BogSwap and BogCharts
New York, NY, Dec. 14, 2021 (GLOBE NEWSWIRE) — (via Blockchain Wire) Bogged Finance — the most actively used Decentralized Finance (DeFi) trading tools suite on Binance Smart Chain has announced the start of their cross-chain expansion today.
BogCharts and BogSwap, the core DeFi products of Bogged Finance, are now available for millions of Polygon blockchain traders and crypto enthusiasts.
Bogged Finance, which according to DappRadar has processed $249.5M of transactions in the past month, stated in their Medium post: “In true DeFi spirit, we wish to provide our tools on as many different chains as possible, to give cryptocurrency traders the ultimate freedom from centralized exchanges.”
They then announced that to begin this process, they would be making BogSwap, and BogCharts available on Polygon.
BogSwap tool enables DeFi traders to exchange (swap) various tokens, similar to how one would trade cryptocurrencies on a traditional centralized exchange (CEX). However, BogSwap takes advantage of decentralized exchange platforms (DEX) to put the process in the trader’s hands. For example, one could exchange BUSD, a pegged US Dollar token, for wrapped Ethereum, exactly the same as one could spend Dollars to buy Ethereum on a CEX, except the trade happens in a completely decentralized manner, ensuring that trader gets exactly what they pay for, without any trading fees.
Drawn by the security and transparency, cryptocurrency traders have been flocking to DeFi trading, as shown by the explosion in usage of popular chains…