This article was first published on Stories by ælf on Medium
A decentralized trading platform, has no pre-mining, no financing and is open to institutions and individuals on an equal footing
In 2020, Ethereum’s DeFi ecosystem saw exponential growth and DEX (decentralized exchange) boomed. Against this backdrop, aelf officially launched AESwap, a decentralized trading platform.
AESwap is a smart contract protocol based on the aelf network, which adopts the constant product market maker (CPMM) model. No need for pre-mining and financing is a distinct feature of the project. Once it goes live, the product will offer free access to users around the world and help all people to participate in the open financial market. The follow-up funds will be managed by the aelf DAO Management Committee to ensure the project runs securely and efficiently.
AESwap is the first DeFi project based on the aelf network, with complete DeFi supporting infrastructure, including cross-chain assets, interoperability solutions, stablecoin, etc. AWSwap aims to be the world’s leading automatic trading platform and offer a more efficient, convenient and secure DeFi product than Uniswap. The mobile version of AESwap integrates the templates of aelf account management, which makes it easier to learn and get started and is more user-friendly.
The mobile version of AESwap (Closed Beta) has completed phase 1 of feature development and will be available for public testing soon. The desktop version is still under development. AESwap Phase 1 mainly provides two major features, one is that market makers make money by adding liquidity to trading pairs and they can also create trading pairs. The other is that token holders can exchange one token for another token by paying a 0.3% transaction fee, which will be used as the market makers’ commission. The protocol does not charge any commission.
- Performance: Low transaction fee, fast trading without delay
- Security: Self-developed based on the aelf ...
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