The Blockchain today is offering the word so many innovative financial instruments which is quite unprecedented. For instance, Decentralized Finance, popularly known as DeFi is coming out with so many financial services that are going to blow the minds of humanity.
We are in an era where you can save, earn, lend and borrow from your desktop without leaving your home or office. The speed these services come with compare to the traditional counterparts is so impressive.
Isn’t it amazing to see how you can tokenize your tangible assets from the comfort of your home? You can also trade the same asset anywhere in the world without moving an inch, thanks to Blockchain technology.
With Ethereum, the pioneer of Smart Contracts, everything in the world today is possible to tokenize. In the coming years, more of such developments are going to emerge out of Distributed Ledger Technology.
Here Comes Bamboo Relay
This platform illuminates the power of decentralized financial services tremendously. Bamboo Relay is a relayer for decentralized protocols enabled by leading Blockchain projects like 0x concerning trading, while bZx is for margin and lending.
As an ERC20, it leverages Smart Contracts to power trading, lending and borrowing of tokens straight from a wallet. At the time of penning this review, there were over 79 assets one could borrow and lend, and 1005 assets available to trade.
Bamboo Relayer maintains its mission is to empower the blockchain community to take control of their destiny and dismantle barriers such as third parties and rent-seekers. Their vision is a world where niche market places and permissionless asset exchanges may thrive and flourish.
Bamboo Relay APIs
The Bamboo Relay APIs are free to use or a 0.2 per cent charge based on the kind of usage. There are a dozen of them you can take advantage of your needs mostly web version.
They include REST API, a Radar Relay compatible REST API for trading; 0x Standard Relayer API v3, the Bamboo Relay implementation of the 0x SRA for trading; 0x Standard Coordinator API v2, the Bamboo Relay server implementation of the 0x Standard Coordinator API for coordinated trading; bZx Standard Relayer API v1, the Bamboo Relay implementation of the bZx SRA for lending and borrowing.
Bamboo Relay’s Fee Structure
Bamboo Relay has no fee on any on orders. However, since February 1, 2020, the trading fee for orders made on the website attract 0.1 and 0.2 per cent respectively for Maker fee and Taker fee.
When it comes to levies on API, the Market Maker pays nothing but the Taker has to take care of a 0.2 per cent in fees. Orders that come from outside the network have their levy structure. In a situation like that look out for the total charges to pay during the submission of order.
For the 0x Protocol Fee, it has the version three of the 0x protocol levies for each order that fills. The rate is at the moment 150,000 gas every order.
Join Bamboo Relay’s Communities
Bamboo Relay is accessible on Social media, and you can join any of them for timely updates, networking purposes and direct interactions with the team. Here are the various platforms you can find them: