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SithSwap
SithSwap is an automated market maker (AMM) built on the StarkNet platform, offering both volatile and stable asset swaps. It aims to provide low-slippage trades and high capital efficiency through its unique dual-liquidity design. It is also a decentralized exchange (DEX) featuring liquid staking, bribes, and governance, utilizing its native SITH and xSITH tokens.
Distributed
Description
SithSwap is a next-generation automated market maker (AMM) on StarkNet, featuring instant volatile and stable swaps with ultra-low slippage and near-zero fees, secured by Ethereum. It provides a versatile liquidity exchange protocol with a composable architecture for deep, sustainable, and adaptable liquidity. SithSwap supports a rich incentives system including escrows, staking pools, gauges, bribes, and native $SITH emissions, which can be escrowed for governance rights over protocol parameters. The platform offers StarkNet protocols the infrastructure to launch and grow in a decentralized manner. It is a dual-liquidity-engined AMM supporting both volatile (Uniswap V2-like) and stable (Curve-like) swaps, built on an architecture familiar to DeFi developers. Key features include efficient low-slippage trades for correlated assets, governable directional fees, and built-in TWAP oracles. Liquidity Providers are rewarded with 100% of protocol fees, SITH/xSITH emissions, and third-party bribes. The protocol introduces non-fungible staked LP positions (stkLPs) for an additional yield layer, utilized in Bribed Pools. The codebase is non-upgradable and immutable for enhanced security, ensuring that the contract behavior remains unchanged and accessible without permission.Grant Funding
VC Funding
None
2022
$0
$2.7M