How Panora uses sponsored swaps to deliver the best DeFi experience possible

defi
4 minute read

5MM+
sponsored swaps

$1B+ in sponsored
swap volume

Panora

Panora is a leading Move-based DEX Aggregator.

Leveraging its advanced routing algorithms, Panora dynamically aggregates and optimizes liquidity across all on-chain liquidity sources. It offers the best swap rates while ensuring a seamless and intuitive trading experience. Panora currently has two amazing products:

  • Panora Swap: A DEX Aggregator that unifies liquidity from AMM DEXs, LSDs and on-chain orderbooks into a single, intuitive platform, offering the best swap rates to its users. 
  • Panora Trade:  A fully decentralized on-chain order book that combines the seamless trading experience of a centralized exchange (CEX) with the security and transparency inherent to DeFi.


Built on Aptos, Panora harnesses its high throughput and low-latency infrastructure to deliver seamless and efficient trade execution, redefining the standards of performance in DeFi trading.

    Goal

    Panora is dedicated to building a seamless and user-centric DeFi platform that consistently delivers exceptional value. As part of this commitment, Panora continually strives to enhance its already outstanding user experience (UX).

    One key area of focus has been improving the swap process, particularly addressing challenges related to gas fees:

    • Gas Token Accessibility: Users need the native gas token, APT, to execute a swap. However, new users bridging assets to Aptos or transferring stablecoins into an Aptos wallet may not have APT readily available, creating friction in the user swap journey.
    • Optimizing Swap Efficiency: Gas fees can impact the overall cost-effectiveness of swaps. Reducing these costs directly increases the value of transactions, enabling users to maximize their returns and enjoy a superior trading experience.

    Solution

    Panora integrated Shinami’s Gas Station to quickly and easily sponsor swaps on their platform. Now, users no longer need to worry about holding the right amount of APT to pay for the swap - they just swap any to any token. Further, sponsorship reduces the already low gas fees of the Aptos blockchain down to 0, increasing the value of each swap for their users.

    Beyond the UX win, Panora has found Shinami to be a helpful partner that’s easy to work with. One aspect of Shinami’s platform they’ve found particularly useful is the Gas Station metrics in their account dashboard. Key metrics include sponsorship spend and transaction outcomes over time, broken down by fund. Also very helpful: request latency and error codes broken down by method over time (which is provided for all Shinami services).

    During the integration, Panora, Shinami, and Aptos Labs coordinated to improve the sponsored transaction experience in Aptos Explorer and Petra Wallet, further optimizing the overall user experience for Panora users and the rest of the Aptos ecosystem.

    “Shinami has been an amazing partner and their platform makes it super easy to sponsor our users’ swaps and deliver a world-class swap experience”

    Keshav Saraogi

    Co-Founder, Panora

    Results

    Using Shinami’s Gas Station, Panora is able to offer seamless, cost-effective swapping with zero hassle. Key results include:

    • More than 5 million sponsored swaps
    • More than $1 billion in sponsored swap volume