Gasless crypto trades on Ethereum, Base, Arbitrum, Optimism, and Polygon! Matcha Auto makes trading easier with faster settlement, no gas and transaction cost savings!
User experience often gets buried in the complexity of crypto, but with Matcha Auto you can enjoy the convenience and low costs of a CEX without compromising on custody or decentralization. Matcha Auto uses meta transaction technology to take the friction out of your trading, free from gas and MEV!
Faster trade confirmation, MEV protection, and gasless swaps without needing any native tokens are just some of the reasons to use Matcha Auto. For the same fee you pay on Uniswap Matcha Auto can actually save you money. Read on to find out how it works and the different ways you can reduce costs by going Auto.
Swap without gas on Ethereum, Optimism, Base, Arbitrum, and Polygon.
Why use Matcha Auto
Turning off Matcha Auto will mean you don’t pay any platform fees while still benefiting from Matcha’s aggregated liquidity and smart order routing. But you are in charge of settings like slippage and gas.
That’s not a problem if you’re an advanced user, but it means extra work and can leave room for costly mistakes! Here’s a few reasons why you should use Matcha Auto instead:
- Swap tokens without gas
- Faster trade confirmation
- Reduce failed trades by 85%
- No slippage or other settings to worry about
As you can see, the main advantages are speed, confidence and convenience: with Matcha Auto, you can be sure your trade will be executed with optimal settings, in a privileged environment that reduces the risks of MEV or failed trades. Let’s take a look at each in more detail!
Gasless swaps
Keeping track of your ETH balance when you’re trying to catch a trade can be a massive pain point, costing you time and causing you to miss critical opportunities. Rather than refueling on gas just to unblock your trades - and watching the purchase fees pile up - you can just turn on Matcha Auto and pay the gas cost from the token you actually have!
How does it work? Matcha is powered by 0x, one of the leading infrastructure providers in DeFi. That allows it to leverage the full stack of 0x APIs, getting you the best rates, the best execution times and, with the latest 0x Gasless API, gasless swaps!
Gasless API allows you to place an order, signed off-chain by your wallet, and then have it executed on your behalf by 0x. Using what’s known as a meta transaction, 0x pays the gas cost of your transaction using the native token, and is reimbursed with an equivalent amount of the tokens you’re trading, so you get the same great value without the hassle of tracking gas.
What is a meta transaction?
A meta transaction is a model where the transaction is signed by one wallet but then offloaded to another entity to handle the execution. As defined in EIP-1776, this allows you to interact with the Ethereum network without holding any Ether to pay for gas, as you only need to sign and submit data about the transaction to 0x without actually performing an onchain transaction.
When 0x receives this data to the Gasless API, it can then execute the transaction for you and, since the data includes your wallet details and signature, everything is settled directly into your wallet.
Faster trade confirmation
Time is money, as the saying goes, and in crypto markets every second counts! In volatile market conditions, you want your trade to settle instantly to get the best value for your money. Even under ideal circumstances, it’s hard to tell if your transaction will be confirmed in the next block, the one after, or if you’ll end up waiting several minutes for confirmation.
On Matcha Auto, your transaction will be settled within two blocks over 90% of the time, while also protecting against malicious frontrunning. That means that you can be confident that the order you submit will be executed within seconds, without getting caught in a gas bidding war. And since you’re trading through private channels, the nominal fee you pay is quickly recovered through lower slippage, minimal opportunity cost, and MEV protection, which we’ll look at below.
Why it takes time to complete a crypto transaction
Blockchains are reliable for keeping data valid across a decentralized, global network, but they also have built-in delays which are needed to allow blocks to propagate across that network. Under busy conditions, this delay can lead to congestion and increased transaction fees, as wallets try to outbid each other to break through the gridlock.
Rather than pay inflated fees to try and get your trades settled, Matcha connects directly with block builders to have your transaction processed faster and more reliably. Compared to other DEXs and DEX aggregators, trades you make using Matcha Auto are around 10 times more likely to confirm, with revert rates of 1% or less, compared to an average of 10% on platforms like Uniswap and 1inch, saving you from wasting time making repeated attempts to get your trade in.
MEV and sandwich attack protection
As soon as you submit a trade to a public mempool, it can be seen by everyone. MEV (maximal extractable value) hunters search these mempools to find trades which they can arrange in a block in a way that allows them to profit from the order of execution.
One of the most common ways MEV manifests is as a sandwich attack, where your trade is front-run, meaning the attacker buys the token you wanted just before your trade executes, and then back-run once your trade goes through, meaning they dump the tokens back on the market, leaving you paying more than you expect without benefiting from any increase in the asset’s value.
With Matcha Auto enabled, your trades benefit from the privileged relationship between 0x and block builders, allowing them to be executed via private mempools where they can’t be targeted by MEV attacks, or otherwise take advantage of inbuilt slippage protection to ensure you get the price you’re quoted, without unwanted surprises.
Frictionless trades for better value
Matcha Auto brings faster trade confirmation and fewer failed trades, while keeping the same great prices. While you can still swap for free by turning off Matcha Auto, it gives you confidence that the trades you make will go through, first time, without any nasty surprises. For a small fee, you can actually save money by reducing slippage and avoiding sandwiches!
Try Matcha Auto today and enjoy a trading experience so smooth you’ll never want to swap another way. Make DeFi frictionless and get the best value in web3, with gasless transactions!
