SPIRIT-SpiritSwapDetailed Description

SPIRIT-SpiritSwap Detailed Description

SpiritSwap is a decentralized exchange (DEX) on the Fantom Opera Chain. The design of SpiritSwap is based on the Uniswap Constant Product Automated Market Maker (AMM). In an AMM, a liquidity provider simply deposits a pair of tokens, and the algorithm automatically makes a market for the pair. Traders can easily swap between tokens in the AMM and get a guaranteed rate on the swap. Every transaction on SpiritSwap pays a fee, which is distributed to liquidity providers.