Jumbo Exchange is designed to be the most user-friendly exchange that aims to eliminate the common hassles people face when navigating decentralized exchanges. Thanks to various aspects of the NEAR blockchain and proprietary algorithms, Jumbo runs smoothly, which means that every interaction with the exchange is complemented by immediate visual feedback and related instructions.
About the Jumbo Exchange project
Jumbo — a one-stop solution for anyone, looking for an unmanaged decentralized solution that aims to lower the entry point for anyone who wants to trade. Built around user-friendliness, Jumbo allows even uninitiated users to explore the possibilities and limits of decentralized exchange equivalents.
In retrospect, looking at some common design flaws in some DEXs that, due to the complexity of the UX, unnecessarily complicate the methodology for adding assets and/or providing liquidity, Jumbo takes on a direct, automated method of operation that maintains a simple and straightforward nature.
Other features:
| 1 | By design, Jumbo uses the Near architecture to fully realize the ease of development, customization and processing that is inherent in the Near Blockchain. |
| 2 | Jumbo uses a familiar liquidity exchange and incentive structure that rewards users pro rata for trading fees. |
Permissionless liquidity pools allow anyone to create and set up a liquidity pool for a specific asset without the need for any third party confirmation. Jumbo implements a set of tools that makes it easy to create a liquidity pool for any project that is willing to trade on the coin defi platform.
Jumbo emphasizes the importance of user experience and places more value on building and designing a platform that makes it easy to interact with pools. Therefore, Jumbo emphasizes the smooth nature of the transition from one pool to another. This is an extremely useful tool that will contribute to higher returns from each pool, changing to the most profitable one on the fly without charging outrageous fees due to a predictable pricing scheme of the Near blockchain.
Smart Pool
Smart Pool — a two-leg system, based on algorithms that provides a very convenient way to provide liquidity. Each pool on the Jumbo DEX is a separate instance that users may want to provide liquidity to. Traditionally, the pool with the higher APY is considered the most likely candidate for providing liquidity. However, in general, APY is not necessarily representative of the largest volume of production, since there are many factors that can affect the percentage of APY in the long run. This is exactly what the Smart Pool algorithm achieves - evenly distributing liquidity across pools and identifying the most promising opportunities for providing liquidity. Smart Pools - a set of features and interface-integrated components that help to identify the most promising pools.