Vooi: The Emergence of Perpetual DEX Aggregators | TKX Weekly

3 min readAug 18, 2024

The world of DeFi is buzzing with platforms that bundle up decentralized exchanges (DEXs) to make trading smoother. Among them, Vooi catches the eye with its unique intent-based approach, backed by big names like Binance Labs, ConsenSys, and ZK Accelerator.

What’s Vooi?

Vooi shakes up trading by pulling together liquidity from different sources, including the likes of Orderly, KiloEx, SynFutures, and soon, Hyperliquid. It’s all about giving traders better fees and more options, making their decisions a bit easier and a lot smarter.

Core Features of Vooi

Simplify Access to DeFi Trading: Vooi is designed to make DeFi trading straightforward and accessible for everyone, no matter their experience level. Its user interface is intuitive yet powerful, making it easy for anyone to start trading without a steep learning curve.
Automated Order Routing: Vooi cleverly navigates the DeFi landscape, using algorithms to pinpoint the best DEXs for your trades, considering factors like current market conditions and liquidity.
Efficiency and Speed: The platform is optimized for rapid response, reducing slippage and maximizing potential gains through timely trades.

How Vooi Works as an Intent-Based Perpetual DEX Aggregator

Intent Capture: Just let Vooi know your trading desires — whether you’re aiming to buy or sell at specific market conditions. It’s simple and straightforward.

Intent Processing: Vooi constantly scans multiple perpetual contract markets to detect the ideal conditions that align with your intents.

Automated Execution: Matches your trade intents with the perfect market conditions on the most suitable Perps DEX, focusing on optimal liquidity, pricing, and fee structure.

Integration and Interoperability: Vooi excels in multi-chain functionality, offering seamless access to a variety of blockchain networks and trading platforms. This interoperability facilitates smooth asset movements and diversified trading opportunities, enhancing user experience across different markets.

Data

Since its launch, Vooi has shown steady growth and an increasing presence in the decentralized finance (DeFi) market. With a total trading volume surpassing $3.41 billion and a daily trading volume of approximately $15.33 million, Vooi has maintained active engagement from its users, evidenced by its stable base of over 61,186 active participants.

Reflecting on Vooi

Vooi has carved a niche for itself in the DeFi space by focusing on intent-based trading for perpetual contracts. This approach enhances user experience significantly, a trend underscored by recent projects backed by Binance Labs, which often emphasize improving user interactions. Intent-based trading simplifies the execution of complex strategies, allowing traders to specify conditions under which trades automatically execute, enhancing both accessibility and precision.

Reference

https://dune.com/vooi/vooidash
https://medium.com/vooi/vooi-intent-based-trading-explained-45dbe356e1c3
https://docs.vooi.io/