KwikSwap Protocol — a decentralized protocol, built on the Ethereum network. Like Uniswap, KwikSwap allows other developers to use a custom API and dApp that can help to expand the scope of the protocol. KwikSwap allows you to create token markets, own a KWIK token, connect to a non-Custodial wallet, no need for KYC. You are always in control of your funds for a fully decentralized experience.
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Description of the KwikSwap Protocol project
KwikSwap — a revolutionary Layer 2 scaling swap protocol, powered by Ethereum, Polkadot and Plasma/OVM. Currently, protocol V1 on Ethereum Mainnet and V2 On Polkadot/Plasma will be launched by the end of January 2021. Users can swap, create markets, add liquidity and place bets. V3 will have the most exciting functionality that has yet to hit the decentralized space.
Unlike other clones, built on Uniswap, KwikSwap is built from its own source code and offers a superior exchange, liquidity and betting experience.
It is an automated exchange of tokens on the Ethereum network with the following features:
| 1. | Non-custody wallet integration via Web3. |
| 2. | Market creation opportunities for all end users. |
| 3. | Anyone can add liquidity and share fees. |
| 4. | Awards for KWIK token holders. |
Anyone can turn into a liquidity provider for a pool, keeping the equivalent value of each underlying token as a trade-off for the pool tokens. These tokens track lp stocks of total reserves and can be recovered for underlying resources. In practice, Kwikswap applies a 0.30% fee to trades, which is added to reserves. As a result, each trade actually increases.
Additional information
The site has a separate document that describes all features of the project. Study it to understand how the platform works. The community leads from social networks: twitter, instagram, telegram. Join to stay up to date with all news, updates and competitions. The smart contract is here.