# Introduction ## Decentralized Exchanges (DEXs) ### DEXs and DEX Aggregators Decentralized Finance (DeFi) and Decentralized Exchanges have forever revolutionized the cryptocurrency sector, allowing users to swap and take full control and ownership of their funds and assets. Decentralized exchanges such as UniSwap and PancakeSwap (on the Ethereum and Binance Smart Chain Blockchain, respectively) are permissionless protocols that do not require a third party to govern transactions and process the order books, with both protocols holding over five billion US dollars in total value locked (TVL) in smart contracts and both averaging over a billion US dollars in 24h trading volume. DEX aggregators are among the most commonly used decentralized financial applications (dApps) in the current cryptocurrency sector, saving users multitudes of dollars by taking advantage of arbitrage opportunities and obtaining the best current token price. ### Issues with DEX Aggregators Many DEX aggregators, such as 1inch Exchange, charge maker fees and are often very costly to execute a single transaction. Furthermore, DEX aggregators such as 1inch Exchange only route through a very select few decentralized exchanges, where there may also be currently more cheap spot prices of certain coins. By only selecting very few DEXs to route capital through promotes a high level of volume concentration on those few exchanges, and does not allow for competition and exposure for other niche protocols. Lastly, many other DEX aggregators such as 1inch Exchange do not offer yield optimizers for their users, which is a key and essential pain-point currently missing in the Binance Smart Chain (BSC) and many other blockchain ecosystems. ## The Harmonized App ### What Makes Us Special? Harmonized is a decentralized exchange and yield aggregator application platform launched on the Binance Smart Chain, which solves the aforementioned problems, accompanied by its native token $HMZ. By eliminating the DEX fees associated with each trade, which would naturally go towards liquidity providers, Harmonized has instead incorporated other positive buying pressure mechanisms which facilitate positive price momenta, such as a micro-transaction on each trade and a 4% wealth management fee which is used to buy back $HMZ token. Moreover, Harmonized is making plans to go across different blockchain platforms, aggregating across multiple liquidity pools. Lastly, $HMZ holders will receive the micro-transaction fees from buy/sell orders, and a portion of the yield optimizer fee automatically redistributed to their wallets, which they can connect to the interactive assessment page and visualize their earnings and savings. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://the-harmonized-app.gitbook.io/harmonized-app-wiki/the-harmonized-app/introduction.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.