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Ozys

KLAYswap

CRYPTO
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Project Description

#FINANCE

The AMM (Automated Market Maker) protocol we are launching is a decisive DEX protocol that has now brought the Decentralized Finance (DeFi) market to the general public. Simply put, AMM is a protocol that supports immediate swapping between tokens by replacing the existing buy/sell orderbook structure with a Liquidity Pools created on- chain by liquidity providers.

Looking at representative DEX examples like Uniswap, an Ethereum-based AMM protocol currently hosting around $2.7B USD in liquidity pools, it is clear that plentiful liquidity is needed to boost the Decentralized Finance ecosystem as a whole by allowing easy transactions. For this reason, ozys, the developers of KLAYswap, created a high liquidity environment in which assets not only of the Klaytn network but also of other networks, including Ethereum, can enter Klaytn. We even take it a step further than Uniswap by ensuring significant trade volume by using a transparent IBC bridge, ozys’ Orbit Bridge, to offer yield farming with asset pairings previously unconnected in the decentralized world. We’ll touch upon more of that later. Today, we introduce KLAYswap, a DeFi solution that can take advantage of this high liquidity environment. ...

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