Slingshot – A Next Generation Decentralized Trading Platform

Chaz Schmidt
Jul 14, 2021
|4 minutes read

Did you know that the combination of how the Earth’s gravity warps spacetime and the speed at which a satellite travels effectively allows satellites to time travel into the future nanoseconds at time? If you wanted to time travel, theoretically you’d need two things: a massive black hole and and an incredibly fast spacecraft. 

Many have described DeFi as a liquidity black hole, sucking in anything that comes near it. And now, there’s a craft capable of speeds fast enough to slingshot us into the future. Slingshot is a next generation decentralized trading platform which aggregates the top liquidity sources in order to give traders like you the best prices, speed and execution on trades. 

In late February, Slingshot launched its closed beta with a unique way for users to earn their invite. The first 100 players to complete the race, a sci-fi themed browser game, won access to the beta and NFT prizes for having the best speedrun times. One player even finished the race so quickly they were accused of being a robot. While a race may seem odd, it was arguably the perfect primer for the futuristic look and feel of Slingshot’s smooth trading interface.

You can now try it for yourself today because Slingshot is live on Polygon. Slingshot chose to launch their first Liquidity Zone on Polygon because it fit with their mission to provide traders with the best trading experience.

Slingshot is tailored for a next level trading experience

To quote its early teaser video, Slingshot wants you to “fall in love with DeFi all over again.” And to be honest, the video game-like UI/UX of Slingshot is rather alluring. Between the live price chart, trade history, scrolling price ticker, and all the flashes of red and green when token prices update, you feel like you’re behind the console of a trading machine.

Speedrunning was indeed an apt way to introduce users to Slingshot, a trading platform built for speed. The flow of trading on Slingshot is rather intuitive. You can either start by searching for a token to trade using the search bar or click the + sign on the left side to bookmark a token. Next, select whether you want to buy or sell and the amount you want to spend. And voila, Slingshot finds you the best price for your trade aggregated from the top liquidity sources.

A polished UI with a buttery smooth trade flow

When trading bookmarked tokens, this entire process flows smoothly from left to right allowing you to trade incredibly fast, especially on Polygon. While Polygon is the only publicly available Liquidity Zone today, beta users can tell you how awesome it is to seamlessly switch between Liquidity Zones. Slingshot allows you to search for tokens across Liquidity Zones and then filters the list of available tokens according to the Liquidity Zone of the token you selected. So say you’re connected to Ethereum but want to buy MATIC on Polygon. There’s no need to pre-switch your network in Metamask because Slingshot handles this as part of the trade flow. Don’t worry though; you’ll get the chance to see what this is like soon enough.

The more subtle details in the user interface also really add polish to the entire trading experience. For example, when you hover your mouse over the ticker at the top, it feels as if time slows as the scrolling ticker slows in reaction to your cursor. And when you hover over the chart, the cursor becomes a crosshair which follows the line of the price chart. Every little bit adds up to make trading frictionless and fun again.

Test drive the future of trading with Slingshot

Slingshot is offering our community members an awesome DFP-themed golden grapes NFT for FREE to celebrate the launch. To be eligible to receive the NFT, be sure to fill out this form with your wallet address.

Try Slingshot live on Polygon. As previously mentioned, Polygon is Slingshot’s first Liquidity Zone available to the public. Be the first to hear about new features and Liquidity Zones by following Slingshot on Twitter and join the Slingshot community on Discord.

Disclosure: This post is part of our paid promotional DeFi Pulse Drop series; We’ve partnered with Slingshot to help educate and inform the community about the launch of Slingshot on Polygon. As always, we’re committed to providing the entire community with quality, objective information, and any opinions we express are our own.