Cykura x Jupiter Aggregator
A walk through the perks of Jupiter and what it means for you as a user
We recently announced our protocol is now live on Jupiter Aggregator. In this article, we will be explaining what Jupiter is, what it means for Cykura, and how you as a user will benefit from this collaboration.
What is Jupiter Aggregator?
Jupiter is the key DEX liquidity aggregator for Solana, offering the widest range of tokens and best route discovery between any token pair. As an aggregator, Jupiter acts a bridge between DEXs and AMM pools. This allows users to find the best swap rates for their tokens across all the DEXs in Solana, all in one place.
This is called Smart routing. Jupiter does this in 2 ways:
- Multi-hop Routes: Not only does Jupiter compare the prices between markets on different DEXs, but often the best-priced routes are not direct markets. Instead, Jupiter may find the best price by routing through an intermediary token, e.g. USDC-mSOL-SOL instead of USDC-SOL. This may be due to price inefficiencies and/or volatility in the various markets that Jupiter routes through.
2. Trade Splitting: Jupiter splits your trade into smaller trade sizes. For example, if you want to make a 100 USDC-SOL trade, it may distribute your trade into a 30 USDC-SOL trade on Raydium and a 70 USDC-SOL trade on Cykura. The % distribution of the trades is dynamically determined to give you the best price. Trade splitting helps get better prices for large-size trades and trades with tokens where there is shallow liquidity spread out across a number of DEXs.
What does this listing mean for Cykura?
Cykura is the pioneer concentrated liquidity provider on Solana. By solving the problem of capital efficiency, Cykura provides some of the best swap rates across Solana. Through this integration, some of the top traded pairs on Jupiter, like SOL-USDC, will often recommend Cykura as the preferred route. This offers users the best rates, while also providing Cykura with trading volume.
We are already seeing astronomical volume routed through Cykura!
How will I as a user benefit from this?
If you are a native user of Cykura, then you probably already know that we have some of the most competitive pools and rates across Solana. However, by using Jupiter, new users will now be able to access these pools, thereby providing our DEX with a higher volume. This is truly a huge milestone in our journey!
As our platform reaches new users, Cykura’s value proposition as a leading capital-efficient, cost-effective DEX continues to grow. As more volume is routed through Cykura, LPs will take advantage of the opportunity by moving volume to our DEX. We are always on the lookout for how to benefit our users in the best possible way. If you have any suggestions, do make sure you reach out to our team on Discord and Telegram.
Thank you for your time!
Cykura is the pioneer concentrated liquidity DEX on Solana, providing some of the most capital-efficient trading pools on the market. We are a remote team based in many corners of the world who have come together to innovate and create promising Web 3.0 products.