The Next Gen AMM
Mainnet is live
- Trade Volume
- $340M
- Total Users
- 143K
- Available Liquidity
- $1.6M
SithSwap is the next gen AMM on StarkNet featuring instant volatile and stable swaps with ultra low slippage, near-zero fees and the full security of Ethereum. SithSwap has been built as an efficient and versatile liquidity exchange protocol, allowing builders and users to leverage a highly composable architecture offering deep, sustainable and adaptable liquidity. SithSwap supports a rich incentives system comprised of escrows, staking pools, gauges, bribes and native $SITH emissions that can be escrowed to unlock exclusive benefits like the ability to govern key protocol parameters, including future emissions rewards.
Audited By
Some of the world's leading Cairo and Solidity experts
Backed by
Some of the world's leading crypto investors and builders
Features
SithSwap offers StarkNet protocols the liquidity infrastructure to launch, bootstrap and grow in a decentralized & sustainable way.
Dual-liquidity
SithSwap is a dual-liquidity-engined AMM able with seamless support for both volatile (UNIV2-like) and (Curve-like) stable swaps.
The SithSwap AMM has been shaped to conform to the timeless Uniswap smart contracts architecture, popularized by its intuitive Pair features and Router APIs that every DeFi developer will be familiar with.
SithSwap also introduces innovative and important features, like the ability to seamlessly support efficient, low-slippage trades for correlated assets, governable directional fees, built-in TWAP oracles, and more.
Rich Rewards
In SithSwap, Liquidity Providers are generously rewarded, based on their commitments they can earn: 100% of the fees generated by the protocol, SITH/xSITH emissions, 3rd-party bribes, and even more.
SithSwap introduces a novel approach to liquidity mining incentives based on non-fungible staked LP positions, or stkLPs, offering an additional incentives layer and source of yield.
Bribed Pools are the perfect use case to showcase the latent powers of stkLPs. They are fixed-term pools that accept staked LP positions (stkLPs) in exchange for third-party rewards (bribes).
Composable
The SithSwap codebase was designed to be non-upgradable / immutable, because of the security benefits to the users of the protocol.
Non-upgradable contracts mean that users and builders can indefinitely trust that the deployed contracts and their behavior will never change.
We believe that offering all actors the right to interact with SithSwap at every level of the system, without consent or permission, is essential and beneficial for the protocol itself and for the ecosystem.
Roadmap
Q1 24
AMM launch on post-regenesis StarkNet mainnet. Codebase upgrade to Cairo1+ and re-audit.
Q2 24
Rewards and incentives system Starknet testnet launch. Migration of remaining liquidity on legacy AMM deployment to final AMM deployment (Cairo 1+)
Q2/Q3 24
Public Sale mainnet launch pending liquidity and market conditions on StarkNet.
Q2/Q3 24
Rewards and incentives system StarkNet mainnet launch. Beginning of the Rewards system decentralization process.
Q4 24
Additional products built on top of the SithSwap liquidity infrastructure (e.g. SLP-backed stablecoin)
FAQ
- When launch?
- The SithSwap protocol roll-out is split into its two logical phases: 1 (AMM) and 2 (Rewards). Phase 1 culminates with the launch of the SithSwap AMM on Starknet mainnet, whereas Phase 2 with the launch of the Rewards and incentives system. Refer to our roadmap and the launch schedule for more details.
- When token?
- The SITH token will be available soon after the Public Sale is over, and no earlier than Q3 23.
- When public sale?
- The Public Sale is expected to be held in the 2nd half of 2023, pending adequate liquidity and market conditions on StarkNet. Refer to our docs for more details.
- Is there a WL / OG role?
- No.
- Can I become Ambassador?
- Maybe you can! Inquire with our Discord team.
