What is Soroswap Finance?
Last updated
Last updated
is an open-source protocol designed for liquidity provision and token trading on the Soroban blockchain. It operates without the need for intermediaries, ensuring a secure, transparent, and efficient trading environment. The protocol is immutable and built to resist censorship. Development of Soroswap.Finance and its interface is managed by
Soroswap.Finance includes:
An Automated Market Maker that facilitates token swaps and liquidity provision.
An AMM Aggregator that optimizes trading routes across various liquidity pools.
Soroswap.Finance functions as an Automated Market Maker (AMM) through a network of smart contracts that standardize liquidity pool creation, liquidity provision, and asset swapping.
Liquidity Pools: Each pool contains two assets. The pool’s reserves and pricing are managed dynamically by the protocol, updating with each trade.
Trading: Unlike traditional exchanges, Soroswap does not use a central order book or private matching engines. Instead, reserves are automatically rebalanced, allowing continuous trading without the need for counterparties.
To interact with , you can mint test tokens, create , , or using the Soroswap Interface. Connect your to perform these actions. Note that transactions on Soroban require Lumens (XLM), so ensure Lumens, which can be obtained from Friendbot.
For more detailed information, refer to the and
