KLAYswap — the AMM protocol for the Klaytn network, as well as a control token. The AMM (Automated Market Maker) protocol - the crucial DEX protocol that brought the Decentralized Finance (DeFi) marketplace to the general public. In simple terms, AMM is a protocol that supports immediate exchange between tokens by replacing the existing buy / sell order book structure with liquidity pools, created in the chain by liquidity providers.
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Description of the KLAYswap project
The development of the decentralized finance ecosystem as a whole requires ample liquidity to allow simple transactions. For this reason, ozys, the developers of KLAYswap, have created a highly liquid environment, where assets of not only the Klaytn network, but also other networks, including Ethereum, can enter Klaytn. The team is taking a step forward by enabling significant trading volume by leveraging ozys' transparent IBC, orbit Bridge, to offer farming with asset pairs, previously unrelated in the decentralized world.
Opportunities of the site for different participants:
| Liquidity providers | You can provide liquidity by matching the KLAY-KCT pairs to the token contracts, created in the KLAYswap pool menu. When providing liquidity, you will receive a liquidity provider (LP) token as a delivery certificate. You will receive a reward from fees from the relevant pool as a reward for your contribution. |
| Traders | Tokens, specified in the protocol, can be traded with KLAY or KCT within the respective pool. The transaction price runs on the existing number of pairs of the corresponding tokens. |
In KLAYswap, a complete on-chain instant exchange protocol, traders can not only execute immediate transactions through liquidity pools, but also develop services by defining the policy and direction of KLAYswap, using a KSP governance token.
A variety of people can participate in the KLAYswap ecosystem, including long-term investors who want to hold cryptocurrency for a long time, investors who want to generate income from commission fees and miners who want to participate in the management of KLAYswap through KSP mining.
KLAY swap on social media
An introductory document has been published on the site. With its help, each participant can study the features of the site. There are also tokenomics, answers to questions and detailed instructions on how to work.
From social networks, the community leads:
There are already over 6,000 participants. Subscribe to find out about the news. The smart contract audit is available for viewing. It confirms the integrity of the project.