The guide below explores Caddi's features for optimizing trades using DeFi and CeFi platforms. This concise guide covers trade routing, gas prices, swapping, error messages, supported partners, fees, security features, settings, and privacy. Boost your trading experience and security with your crypto companion, Caddi.
Founder & CEO, Caddi
Caddi Extension Introduction:
Optimal order routing: Caddi intercepts on-chain trades from dApps: DEX and DEX aggregators to make swaps cheaper through optimal order routing.
Scam prevention: Caddi ensures they you don’t fall victim to scams with phishing protection and transaction simulation (coming soon)
Caddi can execute market orders on Centralized Exchanges
Caddi only routes through CeFi if a user connects their exchange accounts via API
API key storage: Caddi keeps your API keys locally inside your extension encrypting them using your long password. they never leave your device
A long password is required to access your API keys, this is used to encrypt them
To trade on CeFi, go to Binance, Kraken or Kucoin's API key management page and create an API key with trading and reading permissions. For extra security measures, we strongly recommend whitelisting your IP address (Google "my IP address" if you don't know it)
Caddi displays the cumulative amount saved since installation
Recent transactions executed, click to be sent to the block explorer for DEX transactions or the exchange pair for CEXs
Caddi optimal swaps: Caddi blocks the swap you execute from DEX and aggregators from going straight to your wallet. The transaction is simulated to calculate your original swap's price and estimates gas. DEX aggregators and CEX partners are checked to see if the same swap can be made cheaper. If cheaper routes are found, the predicted savings on that trade are displayed and a new transaction is forwarded to your wallet offering savings.
Gas prices: Caddi ensures that the full transaction cost is accounted for including gas estimation, the gas and swap price are displayed separately. We increase the gas limit by 80% to reduce the transaction's probability of failing, this means your wallet will over-predict the gas cost by 80% on average compared to the executed gas.
Fees: By default, Caddi swaps have a 0.05% fee, on CEXs there is no extra fee
Phishing detection: It searches a database of known scam websites and pops up with an alert banner to notify the user they are on a scam website.
Transaction analysis (coming soon): When a user connects their wallet and is about to sign a transaction, Caddi pops up and notifies the user if they are likely going to sign a scam transaction and with an outline of what the scam is.
Settings page (⚙️ icon from Caddi Popup page):
Manage API keys: Let's you connect to Centralized Exchanges
Optimal order routing: Toggles intercepting trades and searching for cheaper routes
Phishing protection: Toggles phishing website detection off or on
Include Centralized Exchanges: Toggles whether Caddi presents CEX routes
Whitelist a website: Allows whitelisting a website so Caddi can optimize swaps for new websites
Join the community: Link to our Telegram chat and socials
Transaction failed: When a transaction does not go through, this can be for a number of reasons:
You reject the transaction from your wallet
The blockchain network is congested and the transaction did not have a high enough gas limit, we attempt to mitigate this issue by increasing the gas limit by 80%
There may be an error with the aggregator pricing parameters or your wallet reading the transaction