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Pact
Pact is a decentralised Automated Market Maker (AMM) on the Algorand blockchain, offering a mobile-first trading experience with low-cost, fast swaps and deep liquidity. It aims to be user-friendly for traders of all experience levels.
Distributed
Description
As one of the most user-friendly Algorand dApps, Pact is a mobile-first designed trading experience offering deep liquidity and low transaction fees. With accessible smart contract functionality, transactions on Pact are available to users of all levels of wealth and experience. Backed by key strategic partnerships, Pact is built with the technical sophistication and assurance of Algorand's Pure Proof-of-Stake mechanism. Block verification is selected at random, ensuring the integrity of every user transaction made on the platform. Pact leverages Algorand’s speed and scalability to bring forward-thinking technology to a lagging financial landscape. Making use of the latest AlgoVM and TEAL upgrades, transactions are verified in under five seconds, with capacity comparable to many large payment and financial networks. Committed to environmentally sound innovation and product development, Pact fully endorses Algorand’s emissions initiatives towards a carbon-negative approach. By building on the Algorand network, Pact is proudly contributing to a greener blockchain future. Through its participation in the Aeneas Liquidity Program, Pact provides boosted rewards to a selection of its liquidity pools.Grant Funding
VC Funding
None
2022
$0
$2.1M