CSWAP DEX: A progressive DEX for the Cardano Ecosystem, merging next generation DEX capabilities with NFTfi.
Decentralized Exchange (DEX)
CSWAP is first and foremost a peer-to-peer decentralized marketplace where cryptocurrency traders can trade crypto via direct transactions executed by smart contracts on a blockchain.
Our innovative strategy to merge the functionality of a DEX with the powerful capabilities of NFTfi will give us a huge advantage over any other DEX in the space. Our platform utilizes an advanced Automated Market Maker (AMM) / orderbook hybrid, and is powered by the CSWAP community, one of strongest communities in the Cardano space.
CSWAP's NFT DEX is the first of its kind on Cardano, and is the second largest NFT marketplace on the chain. It is available via app.cswap.fi
The CSWAP fungible token DEX is actively being developed and is slated to be publicly released in Q1 2024.
A Hybrid DEX for Everyone
By combining the capabilities of a fungible token DEX with features of the NFTfi platform, we will be the only hybrid DEX in all of crypto. This opens up new financial opportunities for users that would not otherwise exist.
A simple example of how this could work is the following:
A user provides NFT/ADA liquidity on the NFT DEX, as well as the token/ADA liquidity for that NFT on the fungible DEX.
Someone buys the NFT with that token.
In this scenario, the liquidity provider would not only be earning rewards on the NFT DEX, but also on the fungible DEX, all in 1 transaction.