YouSwap — an Automated Market Generation (AMM) Decentralized Exchange (DEX) on Ethereum and many other blockchains.
Contents:
Description of the You Swap project
You Swap — a DEX trading protocol, based on the "fixed product" AMM mechanism. For example, users can create a pool of funds by lending a certain percentage of ETH and any ERC20 assets, and each pool of funds holds a certain percentage of various assets and provides liquidity to exchange those assets. You Swap uses Oracle's Chainlink pricing mechanism to guarantee the price of a currency pair. For example, Chainlink will transfer YOUR price to the blockchain via a YOU / ETH price feed to mitigate the risk of intermittent loss of LP liquidity providers.
There are several main products in the You Swap ecosystem:
| 1 | YouSwap Swap. |
| 2 | Mining. |
| 3 | Bridge. |
YOU — the total number of You Swap platform protocol management tokens is 200 million YOU, where 60% receive 30 million mining rewards in the etheric, wave, Heco, BSC chains, respectively.
You Swap transfers all ERC20 tokens to Layer2, using Zk-Rollups technology, and ensures the consistency of Layer1 and Layer2 states, based on continuously generated zero knowledge proof, so that all exchange takes place on Layer2. This high performance scalability enables instant exchange and low gas charges.
Additional information
The site has a separate document with introductory data and WhitePaper. You will find a general description, information about the token and answers to questions there.
From social networks, the community actively promotes:
You can verify the honesty of the project and check the audit here.