Liquidswap is the first AMM protocol developed on the Aptos ecosystem, utilizing the Move programming language. Let’s explore the Liquidswap project and its features in the following article.
Table of Contents
What is Liquidswap ?
Liquidswap is the first AMM DEX protocol on Aptos. The platform is written in the Move programming language and utilizes smart contracts developed by the Pontem Network team—a product development studio for Aptos.
The project offers a seamless trading experience for users by enhancing speed performance, reducing costs, and providing user-friendly operations with features such as Swap, Earn, Bridge, and Stats.
Features of Liquidswap
Swap
The swap feature allows users to directly exchange tokens such as APT, USDC, SOL, CAKE, and others on the Aptos network.
Users can also perform token swaps between different blockchains (cross-chain) through the Cross-Chain Swap feature integrated in the Swap section. Users can check the swap route by selecting Preview before executing the transaction.Users who swap on Liquidswap will incur three types of fees: gas fees, slippage fees, and price impact fees. The protocol supports slippage adjustment to accommodate trading needs.Additionally, users can also swap BTC with other tokens. However, this activity is not very efficient yet because the price impact for BTC trading pairs is quite significant (around 100%).
Bridge
The Bridge feature supports users in transferring tokens from other blockchains (such as Ethereum, BNB Chain, Arbitrum, etc.) to the Aptos network. The bridge functionality on Liquidswap is integrated with LayerZero’s bridging solution to optimize the trading experience for users.
Earn
The Earn feature allows users to increase their profit opportunities in DeFi through activities such as Pools, Farms, and Staking. Here’s a breakdown:
Pools: These include liquidity pools integrated into Liquidswap, allowing users to deposit assets and receive an Annual Percentage Rate (APR) corresponding to each pool. Some of the liquidity pools currently available on the protocol include USDC/APT, amAPT/APT, USDT/APT, etc.
Farm: This feature enables users to provide liquidity for token pairs like APT/stAPT, USDC/stAPT, etc., to earn passive rewards distributed in the form of APT and amAPT tokens (Amnis’s stablecoin).
Staking: Allows users to stake APT tokens to delegate to validators participating in securing the Aptos network and receive rewards. Users have the option to choose their preferred validator. Each validator will display details such as ranking, the number of delegators, the amount of tokens staked, etc.
Stats
Stats display various metrics on the protocol to help users easily monitor the performance of the project. Some of the metrics included in Stats are trading volume, total value locked, total assets swapped, etc.
Additionally, Stats also provide detailed information about the liquidity pools currently available on Liquidswap.
In addition to the existing features, Liquidswap is also developing the Concentrated Liquidity feature to meet user demands.
Token của Liquidswap
Liquidswap has not yet released detailed information about the tokenomics of the project. Updates will be provided as soon as any announcements are made.
The Team and Investors Behind the Liquidswap Project
Project Team Liquidswap is developed by the Pontem Network team. Pontem Network is a specialized lab focused on developing decentralized applications (dApps), building products, and infrastructure for the Aptos network. They concentrate on three main areas: infrastructure, tools, and protocol development.
Investors According to the project, the protocol is backed by several reputable entities in the market including Aptos, Mechanism Capital, Kenetic, Delphi Digital, and Animoca Brands. However, details regarding funding rounds or the amount raised have not yet been disclosed by the project.
Similar Projects to Liquidswap
Similar to Liquidswap, there are other projects that offer decentralized exchange functionalities with their unique features:
- Chainflip – Part of the cross-chain AMM segment, Chainflip allows users to trade assets across multiple networks without the need for wrapped assets. This project facilitates more direct and seamless asset exchanges between different blockchain ecosystems.
- Ambient Finance – A decentralized exchange (DEX) on the Ethereum network, offering features such as limit orders and liquidity provision. Ambient Finance aims to enhance user experience by integrating more traditional trading functionalities into the DeFi space.
