Simply put, exchange aggregators are financial protocols that allow users to access liquidity available on a large number of decentralized exchanges all from a single platform.
Along with that, aggregators also help traders get the best prices for the tokens they want to swap, comparing the prices of the said tokens among multiple decentralized exchanges and choosing the best deal for the trade.
Why an exchange aggregator and not an automated market maker?
Rather than compete with large existing decentralized auto market makers (AMMs) on Binance Smart Chain such as PancakeSwap, the Kalmy App team wants to provide its users with easy access to the best, fairest and fastest transactional opportunities available.
How does it work?
Exchange aggregators are fairly simple to process, all they do being:
Reading the prices and liquidity available on multiple decentralised exchanges
Picking the best price for user's deal, taking in consideration the amount they want to swap