Bitflow DEX Aggregator Emerges as the Liquidity Hub on Stacks to enhance Bitcoin DeFi functionality

Miami, Florida, June 28th, 2024 – Coinscribble by Coinbound / Bitflow, a leading player in the Bitcoin DeFi ecosystem, proudly announces its expansion as a decentralized exchange (DEX) aggregator on the Stacks chain. This development positions Bitflow as the new liquidity hub, seamlessly connecting fragmented liquidity across Bitcoin layers and enhancing the user experience.

Key Features and Benefits:

• DEX Aggregator:  Bitflow combines liquidity sources with the best token swap routes possible. These liquidity sources include DEXs, Automated Market Makers (AMMs), and order books.
• Multihop Swaps: Execute complex trades efficiently by routing through multiple pools and Dexes ensuring optimal trading experience.
• Stable Swaps: Efficiently trade stable assets with Curve-like stable swaps and deep liquidity optimized for lower slippage and fees. 
• Deep Liquidity Pools: Bitflow’s Uniswap-style pools enable seamless token swaps, providing deep liquidity for commonly traded assets and serving as a base pool to support a more dynamic market.

What is a DEX Aggregator?

A DEX aggregator sources liquidity from multiple decentralized exchanges to ensure optimal prices, low slippage, and efficient transactions. Similar to Jupiter Aggregator on Solana and 1inch on Ethereum, Bitflow aggregates liquidity to provide the best trading rates across Bitcoin layers.

Founder’s Statement:

“Bitflow’s expansion as a DEX aggregator on Stacks unifies Bitcoin liquidity and drives DeFi adoption. Leveraging our deep liquidity infrastructure we offer users the best rates, easy trading, and a simple interface. This is a huge leap forward for the DeFi ecosystem on Stacks.” – Dylan Floyd, CEO/Co-Founder of Bitflow.

About Bitflow:

Bitflow is a DEX aggregator on the Stacks blockchain, offering the best rates for swapping SIP-10 tokens, Runes, and BTC. It ensures optimal prices, low slippage, and efficient transactions through multiple liquidity sources while boasting single-sided liquidity, real yield and Bitcoin swaps.

Significance for Stacks Ecosystem:

The launch of Bitflow Swap Aggregator is a significant development in the Stacks ecosystem, offering users a more efficient and user-friendly trading experience. It is expected to further strengthen Stack’s position as a leading Bitcoin L2 in the DeFi space.