Gas-Free Swaps? How?

FeenixBot uses an in-house algorithm to dynamically check multiple liquidity providers. Via our partnership with EGSwap (builders of enterprise crypto tech) we are able to use Tier 1 providers like KyberSwap, PancakeSwap, Uniswap, ChangeNow, ParaSwap etc.

Due to unique agreements we have formed with the liquidity providers, we pass on the swap fees to the liquidity providers so users don't have to pay them. This is a structure no one else is doing - other swappers WANT to leverage fees so they can also apply their own.

Our smart price router chooses the best provider in the moment based on an algorithm that calculates based on swap price, slippage, price impact.

WHO ACTUALLY PAYS THE GAS FEE?

FeenixBot enables gas-free swaps for users by negotiating rates with Tier 1 liquidity providers. Although blockchain transactions typically require a gas fee, FeenixBot can offer this service without charging the user directly for these fees.

Swaps and cross-chain swaps in particular, are complex processes that cross multiple liquidity pools, gas fees can accumulate rapidly on a single swap. We shield the user from this.

Let's say you want to Swap ETH to Solana. You get a quote via FeenixBot, once you are happy with the price and proceed further, we generate a new wallet on the fly and ask you to "transfer" your ETH into this wallet. You'll pay a small gas fee when you send your crypto to the bot to prepare for the swap (this is a wallet to wallet transfer on the same chain, so gas fees are minimal). We search multiple liquidity providers and find the best Solana prices for you. Your Solana is delivered to the wallet of your choice. You pay ZERO gas on the swap itself.

This is made possible through agreements with exchange partners and liquidity pools who use on-chain liquidity as well as their private inventory. The liquidity providers pay FeenixBot a commission for routing trades through them. These providers are willing to pay this commission as it brings them more volume and liquidity.

FeenixBot then uses the commissions received from these liquidity providers to cover the gas fees, effectively making the swap gas-free for the end-user. Additionally, FeenixBot may utilize non-fee-charging liquidity sources, which allow them to conduct swaps without incurring gas costs directly.

FeenixBot has agreements with a wide range of liquidity providers, and not all of them will pay fees: some are only integrated to cover low-demand pairs or to boost liquidity depth. FeenixBot has a built-in smart router that fulfils the trade across multiple providers. It can also further lower costs by batching multiple transactions together.

The gas fee does get paid, but it's done so indirectly through the business model FeenixBot has established with its partners, rather than being a direct charge to the user.