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Quantitative Finance · Glossary

What is DEX aggregator, intent-based routing?

Also known as: DEX aggregator · intent-based routing

Definition 20.12 Markets III: Commodities, Energy and Crypto · Chapter 20 — Automated Market Makers

A DEX aggregator splits a swap across several pools and venues to minimise the trader’s total cost of price impact, fees and gas. Intent-based routing lets the trader sign a message stating what he will give and the least he will accept, and lets competing third parties (fillers, solvers) find the execution and submit it on chain.

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