What is Slingshot?
Slingshot is a decentralized finance (DeFi) platform designed for buying, selling, and swapping cryptocurrencies. Launched in 2020, Slingshot aims to combine the performance and ease of centralized exchanges with the openness and transparency of decentralized exchanges. The platform supports over 40,000 cryptocurrencies and offers 0% swap fees, making it an attractive option for both novice and experienced traders.
Slingshot operates as a DeFi aggregator, pulling liquidity from multiple decentralized exchanges to ensure users get the best prices on their trades. This approach minimizes slippage and optimizes transaction efficiency. The platform is built to facilitate fast, secure, and cost-effective trading without the need for intermediaries, allowing users to retain full control over their assets.