Portals Launches Milky Way: The Ultimate Gasless Gateway to DeFi

<p>Portals, the leading yield and protocol aggregator for DeFi, is
proud to announce the launch of Milky Way, a major architecture upgrade that
enables one-click gasless access to any-to-any swaps across a wide range of
ERC20 tokens. With Milky Way, users and developers can enjoy a seamless,
cost-effective, and user-friendly trading and building experience in the DeFi
space.</p><p>Milky
Way consists of three innovative components: Galaxy Broadcasting System (GBS),
Galaxy Hub, and Galaxy Indexer. GBS is a service that handles the on-chain
order submission process on behalf of users, abstracting the complexities of
gas and gas prices from their wallets. Users can sign an order with their
intent to swap any token and let GBS take care of the rest. GBS also ensures
fast and reliable execution, minimizing any waiting times.</p><p>Galaxy
Hub is an aggregator that provides optimal routing solutions for any ERC20
token, including LP tokens, vaults, interest-bearing tokens, and more. Users
can swap any token pair directly with a single transaction, without the need
for intermediate steps. Moreover, Galaxy Hub caps the swapping fees at a
maximum of $60, regardless of the swapping amount. </p><p>Developers
can also benefit from Galaxy Hub’s robust routing capabilities, as they no
longer need to manage multiple integrations for each platform. Its in-house
routing algorithm "Warpdrive," empowers developers to assemble
arbitrary routes among tokens, facilitating versatile token swaps.</p><p>Galaxy
Indexer is a service that functions in real-time, continuously consuming blocks
to determine crucial data such as asset prices, reserves, volumes, APYs,
balances, and more. By utilizing the Galaxy Indexer, DApps can enjoy faster
response times and benefit from consolidated endpoints that provide Web3 across
the most popular networks. Developers can leverage the Galaxy Indexer’s
capabilities to enhance their applications, with coverage of over 35,000
tokens.</p><p>As the
Portals ecosystem expands, the Galaxy Indexer plays a vital role in
accommodating a growing number of Satellites. These Satellites represent
various platforms and contribute to the increasing complexity and breadth of
order types that can be seamlessly handled. Currently, Portals has launched
over 40 Satellites across seven networks, including Ethereum, Polygon,
Avalanche, BNB Chain, Fantom, Optimism, and Arbitrum. Additionally, in the
coming months, Portals will invite the community to launch their own
Satellites, further enriching the Portals ecosystem.</p><p>About
Portals</p><p>Portals (https://portals.fi/) is
a game-changing DeFi API platform, enabling users and developers to access
various DeFi protocols and platforms with ease. With powerful integrations from
industry leaders like Yearn Finance, XDEFI, and Mean Finance, Portals sets the
stage for unparalleled financial opportunities. Backed by a remarkable $2M seed
round, Portals has experienced explosive growth, processing a staggering 8
million API calls in June, a tremendous leap from 1.3 million in February. The
recent addition of a visionary Head of Marketing further underscores Portals'
unwavering commitment to innovation and progress.</p>

This article was written by FL Contributors at www.forexlive.com.