Swaap Finance’s market neutral AMM will launch on Polygon (Full-stack scaling, commit chain) to allow DeFi users to invest & trade with peace of mind, thanks to reduced Impermanent Loss & cheaper trading fees.
Polygon is characterized by low transaction costs, great security & a vibrant ecosystem of users. The low transaction costs enable a new type of DeFi applications that would not be possible on the ETH L1 ecosystem. Swaap is thus choosing Polygon to implement its innovative design of market neutral Automated Market Maker (AMM), which relies on frequent oracle updates and advanced market making algorithms.
Polygon users will be able to use Swaap’s cutting edge market making algorithms and Polygon’s cheap transaction costs. In particular, users will be able to experience:
Profitable market making (farming) thanks to reduced impermanent loss and the ability to invest in multi-assets pools
Cheaper trading fees thanks to Swaap’s dynamic pricing engine
The alpha version is already live on Rinkleby testnet: don’t hesitate to try it out and provide your feedback. Swaap will launch the beta version on Polygon mainnet in Q2 2022.
Swaap is a market neutral Automated Market Maker. It brings efficient features from order book exchanges on-chain to strongly reduce Impermanent Loss, a phenomenon that causes LPs & Traders to lose billions of dollars each year.
Liquidity providers access profitable market making strategies (farming). The protocol strongly reduces Impermanent-Loss and offers multi-assets pools.
Traders enjoy lower trading fees. Indeed, the protocol does not need to charge traders high fees to compensate LPs for their Impermanent Loss.
Trade & invest with peace of mind. Discover Swaap.
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Polygon is the leading platform for Ethereum scaling and infrastructure development. Its growing suite of products offers developers easy access to all major scaling and infrastructure solutions: L2 solutions (ZK Rollups and Optimistic Rollups), sidechains, hybrid solutions, stand-alone and enterprise chains, data availability solutions, and more. Polygon’s scaling solutions have seen widespread adoption with 19,000+ decentralized applications hosted, 1.6B+ total transactions processed, ~142M+ unique user addresses, and $5B+ in assets secured.
If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your dApp, get started here.
Source : CoinWire