What Is SithSwap?
SithSwap is the next-gen automated market maker on StarkNet featuring instant volatile and stable swaps with ultralow slippage, near-zero fees, and the full security Ethereum.
SithSwap Unique Features
- SithSwap is a novel, hybrid and advanced AMM design with several noteworthy features:
- 1% flat swap fees. No admin or other composite fees for users of the AMM
- Native support for swaps of closely correlated (stable) assets via a new stableswap curve
- Native support for swaps between uncorrelated (volatile) assets
- LPs fees accrue in silo’ed contracts and are paid out in underlying LP tokens (never converted)
- Uniswap V2-like Factory, Pair and Router contracts architecture and APIs
- Permissionless access to pairs factory
- Permissionless deployment and attachment of gauges and bribes to existing pools
- SITH emissions incentivize fee-generation instead of liquidity
- SITH holders can vote-escrow (lock) tokens for up to 4 years in return for veSITH (NFTs)
- Permissionless addition of 3rd-party rewards at the protocol level (built-in bribing system)
- veSITH lockers accumulate all fees received by pools they voted for
- veSITH lockers automatically rebase holdings proportionally to new SITH emissions, hence no dilutions
- veSITH lockers may direct voting power at eligible gauges to decide on next-epoch emissions allocation
- veSITH may discharge their voting power on gauges in the affermative or negative. Sith Wars!
- veSITH voting escrow natively supports voting power delegation
- veSITH are represented as NFTs to unlock their capital efficiency (can be freely traded)
Roadmap
Q1
The core team formed around the product idea, early development efforts got underway and so did our early public relations strategy, soon after, we received a development grant from StarkWare. Community grew quickly from there and several prominent web3 investors reached out, some of whom would become our own.
Q2
Development efforts intensified at the same time as our Seed Round proceeded to closure, raising 2.65M$ and allowing us to start expanding our Cairo team as our hiring approach had been overhauled. With the development roadmap fully fleshed out now, the implementation of the AMM codebase got underway and off to a very swift start.
SithSwapToken Economy
TBA
Detailed Token Metrics
TBA
Token Distribution
TBA
Token Release Schedule
TBA
Partners & Advisors
TBA
Team
TBA
Investors
SithSwap received investment from Lemniscap, Big Brain Holdings, GSR, Dweb3 Capital, Anthony Beaumont, QHAF Capital Partners, Etinenne Royole.
