PLEXUS, a well-known company specializing in cross-chain bridge aggregation, has recently unveiled a new development. The platform is set to launch the Theta Algorithm V2, ushering in a new era of cross-chain operations aimed at improving user experience. The announcement was made on the company’s official X account.
Exciting News! PLEXUS Introduces Theta Algorithm V2!
Advanced Transactions:
Theta V2 leverages machine learning to optimize liquidity across various chains, taking into consideration fees, gas costs, slippage, and price impact to provide users with the best trading experience possible.
Experience faster, safer, and more scalable…
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— PLEXUS | We’re Hiring! (@plexus_fi)
June 5, 2024
PLEXUS Unveils Theta Algorithm V2 to Enhance User Experience
Furthermore, PLEXUS also released a blog post on Medium detailing the project. The company highlighted that the project utilizes machine learning outcomes for transfers, focusing on To-chain, Middle-chain, and From-chain transactions. The Executor contract is employed to assess liquidity hierarchically at bridges and decentralized exchanges, taking into account factors such as price impact, slippage, gas charges, and account fees. This approach aims to streamline the trading experience by processing more data to increase efficiency.
Additionally, the platform discussed key improvements introduced by the latest project, including enhanced speed, user interface enhancements, scalability, and improved security measures. The project aims to provide faster transaction processing speeds while implementing cutting-edge security technologies to safeguard user assets. Moreover, Theta Algorithm V2 offers improved compatibility with various blockchain networks, supporting more protocols and assets. The user-friendly interface allows clients to easily navigate and conduct their operations.
Initially, Theta Algorithm V2 supports transfers across up to eight chains, with plans to expand support to more chains in the future. The company will conduct ongoing evaluations and monitoring of transfer stability and performance to determine the inclusion of new chains based on the results of these assessments.
Expanding Support for More Chains through Continuous Monitoring
PLEXUS will prioritize chains that are deemed suitable for consumers in terms of performance and stability, while avoiding those that may not meet the necessary criteria. The platform emphasized its dedication to meeting user expectations and providing an enhanced trading experience through this initiative.