QuipuSwap — an open source protocol that provides an interface for seamless decentralized token exchange, based on Tezos and XTZ. Liquidity providers can earn both swap fees and rewards, taking advantage of the benefits, provided by the Tezos protocol, such as delegating liquidity to XTZ.
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DeFi operation of QuipuSwap exchange
QuipuSwap — an open source AMM protocol that provides an interface for seamless exchange of Tezos and XTZ tokens. Unlike other protocols, QuipuSwap is a completely decentralized protocol, governed by the voting of LP holders who receive stake rewards. The constant product formula helps to calculate prices and the profit share runs on the proportional contribution to the liquidity of the account. The functionality of the contract cannot be updated, however the metadata can be changed by the developers, in accordance with the requirements of TZIP-16. The solution runs on the principles of security, decentralization and scalability. This solution serves as both a stand-alone project and an indispensable tool for future decisions.
The QuipuSwap ecosystem consists of five main types of users:
| Liquidity providers | We are interested in contributing FA1.2 and FA2 tokens to general liquidity pools. |
| Traders | can exchange one token for another for a flat fee of 0.30% (which liquidity providers receive). |
| Developers | can integrate directly with QuipuSwap smart contracts to create exciting new interactions with tokens, trading interfaces, retail capabilities, and more. |
| Voters | can bet their shares to vote for their favorite baker. |
| Baker | encourage liquidity providers to vote for them, for example by offering them better rewards. |
Overall, the interaction between roles creates positive feedback, opening up new economic opportunities in the Tezos ecosystem and the path to more complex solutions. For a better user experience and maximum flexibility, the system design provides for the exchange of tokens of various standards. The user can easily do this by exchanging tokens of one standard for XTZ and from XTZ for a token of another standard. These operations will be combined into one batch transaction.
More about the decentralized finance site on Tezos
The crypto trading developers have published an introductory document so that each participant can study the specifics of the project. There are rules for working and answers to a number of popular questions.
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