V Swap Contract
We seek to support DeFi-focused ecosystems, developers and users with higher throughput and lower fees at the base layer, without compromising decentralization or security. Our Riemann DeFi contracts aim to enable the delivery of our ecosystem partners’ applications faster and cheaper, with minimal hand-coding to speed up the process of getting an application to production.
Introduction
V Swap is a contract to enable tokens swap exchange in a decentralized way on V SYSTEMS blockchain. It is an automated market-making protocol, which regulates prices by a constant product formula, and requires no action from the liquidity provider to maintain prices. The contract allows decentralized exchanges to be formed and allows anyone to be a liquidity provider as long as they have tokens on both sides of the swap.
Implementation
The liquidity provided is tracked by a token called the liquidity token. The pool will create liquidity tokens according to the proportion of liquidity provided. These liquidity tokens should first be registered and completely issued before the liquidity pool is created.
One Step Further towards Virtual Economic Era
V Swap features
No Code Deployment
Users issuing tokens on VSYS do not need to write a single line of code, and do not need to have their token contract audited by a third party before launch.
Liquidity Pools
Any holder of digital assets can provide liquidity for potential trades, earning a yield paid by traders. The price of any trade is determined algorithmically, based on the ratio of available liquidity in the assets being traded.
Liquidity Token
The liquidity provided is tracked by a token called the liquidity token. The pool will create liquidity tokens according to the proportion of liquidity provided.
What Makes V Swap Contract Special
As mentioned in the beginning of this post, our philosophy of “Low Code, Low Fee” has been guiding us to focus on efficiency, transparency, innovation, and financial inclusion. We hope our Reimann contracts will be able to support a vast and innovative DeFi ecosystem, developers and users can count on higher throughput and lower fees at the base layer, without compromises.
