About Kwikswap
Kwikswap Exchange DEX is an all-new Cross-chain Automated Protocol on Ethereum & Polkadot incorporating Plasm & Acala Network Parachains. The protocol provides developers, liquidity providers & traders the opportunity to participate in a decentralized financial marketplace that is open and accessible to all. It also contains a launchpad and NFT Marketplace. Kwikstarter launchpad development has finally started! Kwikswap is an all-in-one decentralized ecosystem where projects and startups can raise funds and begin their journey to market.
How To Sign Up & Start Trading
| Exchange | Details |
|---|---|
| Exchange Name | Kwikswap Exchange |
| Exchange Type | Cryptocurrency |
| Fee | 0.3% |
| Deposit Fee | Free |
| Protocol Fee | 0.05% fee |
| Protocol Wide Charge | 0.05% |
| Support | 24/7 |
| Top Country | India |
| Website | Homepage |
How To Sign Up & Start Trading
Liquidity Provider Rewards
Liquidity providers earn a 0.25% fee on all trades proportional to their share of the pool. Fees are added to the pool, accrue in real time and can be claimed by withdrawing your liquidity.
Kwikstarter launchpad, Polygon (Matic)
Kwikswap Exchange Polygon (MATIC) IDO Launchpad enables crypto start-ups and projects the ability to raise liquidity, distribute tokens and go-to-market through Kwikswap DEX!
Liquidity provider fees
There is a 0.3% fee for swapping tokens. This fee is split by liquidity providers proportional to their contribution to liquidity reserves. Swapping fees are immediately deposited into liquidity reserves. This increases the value of liquidity tokens,
Functioning as a payout to all liquidity providers proportional to their share of the pool. Fees are collected by burning liquidity tokens to remove a proportional share of the underlying reserves.
Since fees are added to liquidity pools, the invariant increases at the end of every trade. Within a single transaction, the invariant represents token0_pool / token1_pool at the end of the previous transaction.
There are many community developed tools to determine returns. You can also read more in the docs about how to think about LP returns.
Protocol Fees
At the moment there are no protocol fees. However, it is possible for a 0.05% fee to be turned on in the future.
Protocol Charge Calculation
In the future, it is possible that a protocol-wide charge of 0.05% per trade will take effect. This represents ⅙th (16.6̅%) of the 0.30% fee. The fee is in effect if feeTo is not address(0) (0x0000000000000000000000000000000000000000), indicating that feeTo is the recipient of the charge.
This amount would not affect the fee paid by traders, but would affect the amount received by liquidity providers.
Rather than calculating this charge on swaps, which would significantly increase gas costs for all users, the charge is instead calculated when liquidity is added or removed.
Security
Audit & Formal Verification
Between January 8 and April 30, a team of six engineers reviewed and formally verified crucial components of the smart contracts for Kwikswap Exchange. Their past work includes smart contract development on and formal verification of multi-collateral DAI.
The scope of work includes:
- Formal verification of the core smart contracts
- Code review of core smart contracts
- Numerical error analysis
- Code review of periphery smart contracts (during ongoing development)
Bug Bounty
Kwikswap Exchange has an open and ongoing bug bounty program.
Considerations when building on Kwikswap
When integrating Kwikswap into another on-chain system, particular care must be taken to avoid security vulnerabilities, avenues for manipulations, and the potential loss of funds.