Polkaswap

$0.0621
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Total Supply
36,313,231
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0
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All time high:
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All time low:
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Polkaswap

A liquidity aggregator cross-chain DEX protocol, designed uniquely for the Polkadot & Kusama


Introduction 

Polkaswap is a next-generation, cross-chain liquidity aggregator DEX protocol for swapping tokens based on the Polkadot (and Kusama) network(s), Parachains, and blockchains connected via bridges. Through the development of bridge technologies, Polkaswap can also enable Ethereum-based tokens to be traded. Furthermore, the development of the Bitcoin bridge is also at the stage of making Bitcoin tradable on Polkaswap. This is done seamlessly, at high speed and low fees, while exchanging assets in a non-custodial manner on the SORA network.

With its liquidity aggregation technology, Polkaswap has the possibility to trade against multiple liquidity sources under the liquidity aggregation algorithm. It is a solution that offers a huge potential for Polkaswap. The liquidity aggregator algorithm can aggregate liquidity from various sources. Liquidity sources can be in the form of AMM DEXs, order books, or any other algorithm. Because Polkaswap is an open-source project, adding more liquidity sources as a community will be possible by developing within the Polkaswap module. Polkaswap is designed to solve many of the critical problems with AMM DEXs currently that can't be solved on any other DEX. Polkaswap's unique liquidity infrastructure will greatly reduce the risks of impermanent loss and lead to less pair fragmentation than competing AMMs. Polkaswap will operate on a parachain, meaning it will be natively interoperable with the entire Polkadot and Kusama ecosystems, and with the addition of Ethereum and Bitcoin bridges, Polkaswap will be the first-ever cross-chain, fully decentralized exchange.

Project History

Early in 2020, Polkaswap received a grant from the Web3 Foundation to build the critical infrastructure for the Polkadot and Kusama networks. In the course of the development, SORAMITSU, Polkaswap's main contributor, analyzed the market and came to understand the problems of existing DEXs and thus the team was able to design a better solution than has existed up until now, with Polkaswap.

Project Highlight

Polkaswap—a cross-chain liquidity aggregator DEX— aims to offer a huge benefit to the community by bootstrapping liquidity to the Polkadot & Kusama ecosystems. The design of Polkaswap addresses many critical problems with AMM DEXs that exist in the world of decentralized finances. The unique liquidity infrastructure of Polkaswap significantly reduces:

- price slippages,

- the risks of impermanent loss and

- pair fragmentation compared to other decentralized exchanges.

Polkaswap will operate on an official parachain, which means it will be naturally interoperable with the entire Polkadot ecosystem. With the development of the Ethereum bridge, swaps of Ethereum-based tokens will be carried out on Polkaswap too. Furthermore, the development of the Bitcoin bridge will provide a seamless cross-chain swap of Bitcoin, making it an important trading asset.

Providing liquidity for all digital assets is an important step in the adoption of cryptocurrencies, and we believe that Polkaswap will become one of the most important connections for Polkadot and Kusama as an essential infrastructure that enables the free exchange of value.

Initially implemented by the SORAMITSU team, deployed by communityPolkaswap is a next-generation, cross-chain liquidity aggregator DEX protocol for swapping tokens based on the Polkadot (and Kusama) network(s), Parachains, and blockchains connected via bridges. Through the development of bridge technologies, Polkaswap can also enable Ethereum-based tokens to be traded. Furthermore, the development of the Bitcoin bridge is also at the stage of making Bitcoin tradable on Polkaswap. This is done seamlessly, at high speed and low fees, while exchanging assets in a non-custodial manner on the SORA network.

Team Member

Early in 2020, Polkaswap received a grant from the Web3 Foundation to build the critical infrastruc

Investors

Fair launch, no Investors