Why InfinitySwap's AMM Is Better than the Rest

Daniel James
Daniel James
Why InfinitySwap's AMM Is Better than the Rest

The launch of InfinitySwap AMM is just around the corner, so what can you expect from the next iteration of Decentralized Finance (DeFi), and how is it better than the rest?

In preparation for the next crypto boom, many projects and applications will emerge, and project creators/developers will look for somewhere their precious dApps (decentralized applications) can nest. InfinitySwap provides the solutions that new (or even old) developers need when looking at tokenization services for their projects. With an Automated Market Maker/Making (AMM) solution from the experienced team at InfinitySwap, you are in the right place to start creating decentralized economies.

The launch of InfinitySwap AMM is just around the corner, so what can you expect from the next iteration of Decentralized Finance (DeFi), and how is it better than the rest?

With the goal of becoming the most prominent decentralized exchange (DEX), InfinitySwap will become a fully on-chain cryptocurrency exchange hosted on the Internet Computer. This means there will be no centralized parties involved.

You (as the responsible party) will have the power to;

Mint your own tokens

The InfinitySwap AMM will facilitate the ability of project creators to mint their own tokens without the need for technical coding knowledge. This feature is missing from most DEXs, especially within the Internet Computer ecosystem. The “mint your own tokens” feature allows everyone access to token creation tools previously restricted to advanced programmers.

Trade interoperability

There will be possibilities for cross-chain token interoperability. This means that you can exchange your tokens from one chain to another; for example, trading Ethereum tokens on the IC or making your IC tokens transferable to other chains. In addition to allowing permissionless trading of digital assets, InfinitySwap's AMM will be the first to support the DFINITY-backed ICRC-1 token standard.

Bootstrapping techniques

Whether you have the total amount of resources and capital to drive tokenization for your project or not, InfinitySwap is the place to set up. Like Balancer on the Ethereum network, a newer and better solution for early developers is Liquidity Bootstrapping Pools (LBPs).

Liquidity Bootstrapping Pools is a more complex development of Liquidity Pools that can be configured in a limited number of ways, such as calibrating how the pool is weighted over a certain period of time to create a more optimal configuration for new tokens to avoid the volatility of token prices during their preliminary stages.

According to an InfinitySwap writer in the “Balancing Act: InfinitySwap's Liquidity Bootstrapping Pools” article;

“LBPs alleviate a portion of the financial burden for new start-ups because they make it possible to add tokens with lower capital requirements than a regular liquidity pool. In other words, nascent projects making their token debut though InfinitySwap won't have to lock up as much of their ICP as the collateral token. Instead of being forced to provide a 1:1 ratio of the project token and an equivalent value in ICP, projects can provide a smaller portion of ICP to initiate token distribution.”

There is much to discover in the article about LBPs and the innovations behind them. Follow the article for more information on how rug pull scams can be eliminated with such tools.

InfinitySwap is expected to become the next iteration of DeFi, and we are considering all possible user experiences. To achieve this, we will be the DEX with the most intuitive UI to attract the most users, keeping in mind the original purposes for which AMMs are for — authorizing anyone to create, invest, contribute and profit as a market maker.

Connect with InfinitySwap

Twitter | Website | Telegram | Discord | Github

*Disclaimer: While every effort is made on this website to provide accurate information, any opinions expressed or information disseminated do not necessarily reflect the views of Dfinity Community itself.

Why InfinitySwap’s AMM Will be Better than the Rest
InfinitySwap provides the solutions that new (or even old) developers need when looking at tokenization services for their projects. With an Automated Market Maker/Making (AMM) solution from the experienced team at InfinitySwap, you are in the right place to start creating decentralized economies.

Originally published at https://www.blog.infinityswap.one/why-infinityswaps-amm-will-be-better-than-the-rest/


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  • Disclaimer: The views and opinions expressed on this website are solely those of the original author and other contributors. These views and opinions do not necessarily represent those of the Dfinity Community staff and/or any/all contributors to this site.


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