If you are even a borderline crypto degen, then we are sure you have a haunting nightmare. Trading fees and slippage.
Now, while this might not seem like much of an issue with a lot of traders, multiple executions of trades start to really add up and might be worth a small fortune when you are at the end of it all.
A unique browser extension that helps save money for traders by routing the trades with the best possible price across available exchanges. And no, these are not some low-liquidity scam exchanges we are referring to here, but the star players of the industry, like Binance, KUCOIN, Kraken, Kyberswap, 1inch, Matcha, and more.
If CEXs are not your play, then Caddi is also available on multiple chains and supports Polygon, Arbitrum, Ethereum, and BNB Chain with wallets like Metamask and Rabby.
So how does Caddi exactly work?
Well, Caddi is a simple browser extension (Chrome & Brave) and simply connects when you need the execution to be executed (makes sense?).
If you are familiar with swapping on Metamask, you must have come across a detailed breakdown of the trade execution price. Caddi does exactly that by providing the user with all available swap options with the lowest fees at a given point in time.
So if the trading activity is the highest on 1inch (at the time of execution of trade), then the fees might be higher there and interestingly, Caddi will also show the data of Centralised Exchanges as well. Caddi also charges absolutely no fees
It’s a meta-aggregator that plugs into 10 aggregators
Why does this matter?
You see, during a cycle of high-volume crypto trading, every platform has a certain percentage of price difference and the price difference is even more massive when swapping across chains.
For example, swapping 1 ETH to Matic might have a $95 gas fee at the peak of on-chain activity, but the fees might just be a few dollars when trading 1 ETH to Matic on Binance.
These little details are missed when there is no readily available metric in hand for traders and immediate swapping of assets is done without giving it much thought. In the case of Caddi, even saving 0.1% per trade would be insanely amazing for a High Volume Trader. An absolute win in our books! The team has seen savings of individual trades of over $700 when slippage is high
The process mechanism in place:
- Optimal Order Routing
The best possible price. Caddi finds the best prices available for any token and automatically gives you a one-click option to execute
- Safety by design
Self-custody your exchange API keys. Caddi doesn’t store your API keys, self-custody ensures sensitive data never leaves your device
- Transaction Scanning & Security
Scam prevention. Caddi scans websites for any malicious activities and hacks so that your funds are kept secure
The numbers game at play:
Caddi has onboarded 500+ users who have swapped over $250k in volume across Ethereum, Polygon, Arbitrum, and BNB Chain in 4 months.
I spent a year deep in crypto trading building tools to help manage my portfolio. Caddi was born as the tool that I wished I had as a trader navigating DeFi.- Jaimin
Caddi has successfully raised $700k from OrangeDAO, NewOrder DAO, Outlier Ventures, Psalion VC
Their next goal is to expand to more chains and to tackle cross-chain swaps.
There is a larger crucial angle at play here, allow us to explain:
As a trader in a bull market, volume is absolutely insane and the market is hot. Traders do not have any unique advantage over each other, other than being able to execute their playbooks at the right time. With a tool like Caddi at your disposal, getting the best price gives you an advantage to make crucial decisions at the speed of light.
Instead of worrying about executing your trade at the best price, a trader can simply go through with the trade by glancing at the information presented by the extension and not scourge through exchanges by wasting time on manual input of price and trade fees.
But what about security ser?
Worry not fellow degens, Caddi got your back here.
- In the realm of self-custody, they don’t keep a tight grip on your crypto or APIs; your keys remain firmly in your control.
- They’re all about having a blast with security audits, conducting them frequently to keep things on the up and up.
- And when it comes to those pesky hackers, they’ve got their backs covered with third-party penetration tests to make sure no sneaky surprises sneak through the cracks!
The user-flow: Easy as 1-2-3
How does Caddi get the best prices across centralized and decentralized exchanges?
- It picks up the transaction sent to your wallet, figures out the asset being traded and its associated price with gas fees
- They query the APIs for different exchanges as well as DEX aggregators
- If the quoted price is better than the price you were originally trading at then Caddi suggests these routes to trade at
- With Caddi, you can simply switch to the best route and save money with one click
The simplistic approach to get started with Caddi:
- Download Caddi
- To trade at the best prices and find the best routes, you don’t have to do anything different
- Whether you’re trading on Uniswap, 1inch, or CEXs (in the future), if there’s a better price Caddi will pop up and tell you.
- In one click you’ll be trading the same asset at a better price.
- You’ll still sign that transaction with your wallet in DeFi and the trade will happen on the exchange in CeFi
What is of great relief here is the ease of use. While Web3 is a super technology capable of a million things, most of the SaaS offerings fail at the user experience. Either they are broken at Stage 0 or super complex to onboard the majority of users.
With an easy-to-use approach and non-complex UI elements, Caddi brings a shift to be the retail trader’s playground. An approach we feel many of the Web3 folks should take note of in their playbook(s).
Caddi is one of the most promising tools that help eliminate a problem that many traders do not take note of in their trading styles. Multiple trade executions can become a costly affair in a very short period.
A simple browser extension that does not need your grandma’s number and another 32 verification process is an absolute game-changer in our opinion. It’s just two clicks to install and will start working whenever you trade.
Do give Caddi a try and save on those pesky fees. Happy trading folks!