🔄Exchange

AMM (Automated Market Maker) protocol integration is essential for YokaiSwap. As part of the decentralized finance (Defi) ecosystem, the AMM protocol will allow digital assets to be traded in a permissionless and automatic way utilizing liquidity pools. The digital assets will be priced algorithmically and efficiently on the platform by a mathematical formula. Unlike centralized exchanges that rely on the traditional markets of buyers and sellers, the AMM protocol uses smart contracts, which are self-executing computer programs that define price and provide liquidity. In addition, YokaiSwap is the first AMM on Nervos Network.

Swapping/Trading

YokaiSwap lets users trade without the need to go through a Centralized Exchange. Everything you do on YokaiSwap is routed directly through your own wallet—no need to trust someone else with your coins!

Liquidity Pools

You can only swap tokens on YokaiSwap if there is enough liquidity for those tokens. If nobody has added much liquidity for the token or tokens you want to swap, it will be difficult, expensive, or impossible to do so.

Providing liquidity will get you LP Tokens, which will earn you rewards in the form of trading fees for making sure there's always liquidity for the exchange to use.

Interoperability

Interoperability enables blockchains to share and access their data and interoperate with one another. YokaiSwap will be equipped with Interoperability 2.0. A blockchain, which acts as a universal hub. It will be capable of understanding and executing other blockchains' protocols instead of investing its own and requiring others to adapt. This solution is also future-proof, as the universal hub supports a wide range of cryptographic primitives in the blockchain now and into the future.

Thanks to the Universal Passport technology provided by Nervos, YokaiSwap has interoperable capabilities, allowing assets from other ecosystems to enter from the Layer 1 CKBytes platform and later bridged to the Layer 2 Polyjuice EVM solution that allows many assets, including CKB to be traded and paired for use in YokaiSwap.

ERC20 interoperability

The first Nervos Network cross-chain bridge, Force Bridge, connects Ethereum's ecosystem to the Nervos ecosystem to increase interoperability and token liquidity. Additionally, Force Bridge will allow whitelisted tokens to be transferred between the Ethereum chain to the Nervos chain via a series of smart contracts deployed on both sides. As a result, it will enable more ERC-20 tokens to be traded and paired on YokaiSwap.