Introduction
Welcome to the Fizzswap documentation!
Last updated
Welcome to the Fizzswap documentation!
Last updated
In this documentation, we introduce Fizzswap, the AMM protocol for the Silicon Network.
Fizzswap is a comprehensive DeFi protocol built on the Silicon chain, an Ethereum Layer 2 solution. As an Automated Market Maker (AMM) Decentralized Exchange (DEX), Fizzswap allows anyone to participate in the protocol and earn pool fees and various rewards.
Fizzswap supports the exchange of multiple tokens through optimal swap paths, a core feature of DEXs. Additionally, it offers a variety of services such as concentrated liquidity pool participation and token borrowing based on a single liquidity pool(supplying).
Beyond simple asset swaps, Fizzswap aims to lead the growth of the Fizzswap and Silicon ecosystems by providing users with new liquidity participation opportunities to access innovative and unique tokens quickly and freely.
Fizzswap has the following advantages.
Anticipation and demand for new tokens naturally stimulate trading activity. Based on increased trading volume, Liquidity Providers (LPs) can earn attractive pool usage fees.
As liquidity deepens and trading volume increases, liquidity providers receive more pool usage fees as rewards, leading to the sustainable growth of the Fizzswap ecosystem and community.
Fizzswap is a DEX operating on the Silicon Network, a zero-knowledge rollup scaling solution built using Polygon's Chain Development Kit (CDK) and Aggregation Layer (Agg Layer) technology. It enables users to provide liquidity not only for Silicon native tokens but also for tokens from Ethereum and other networks.
By leveraging assets from various networks, Fizzswap enhances interoperability with other DApps and expands its ecosystem.
Additionally, it offers a superior trading experience with faster transaction processing speeds, lower transaction fees (gas fees), and the maintained security of the mainnet.
Fizzswap is having a security audit conducted by globally renowned security audit agencies. The Fizzswap protocol consists of and operates through a variety of smart contracts. A single, small vulnerability within a smart contract can lead to devastating accidents related to service availability and security. Fizzswap puts the safety of its users' transactions first, and is in the process of getting a security certification with ResearchLab and ChainLight to assure safe protection against any possible security incidents in the near future.