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YaySwap
The first High-Performance Decentralized Exchange platform on the Cardano Blockchain.
About
YaySwap is poised to become the go-to decentralized finance (DeFi) solution for smart-swapsin Cardano. Our unique technology will allow traders to effortlessly execute smartcontract-based trades at a fraction of the cost of similar services provided by otherdecentralized exchanges while safely trading digital assets.
Over the last few weeks only, the number of native tokens on the Cardano Blockchain has increased exponentially. Once smart contracts are available on Cardano, new projects with use cases will be deployed every day. We believe that this is not a passing fad but rather something that is here to stay; especially that there is lots of use to the Cardano blockchain for businesses that need fast transactions in their business model. Therefore we will see businesses migrate their smart contracts token from other cryptocurrencies like Ethereum to offer native tokens on the Cardano blockchain.
We believe this growth will create a demand fora swapping platform as users move between use cases or rebalance their tokenized portfolios.Other blockchain-based exchanges have their own set of drawbacks, all of which can be mitigated by the implementation decisions illustrated in this document. By defining a series of protocols that unlock asset liquidity and free the Cardano ecosystem from the constraints that its cryptocurrency counterparts face, we hope to provide an alternative to blockchain orderbooks or AMM.
The Cardano blockchain has many advantages compared to other blockchains. It is fast, transaction fees are low, and fees can be paid with the same token sent. Although Cardano does not yet have the same degree of acceptance as Ethereum, we trust in the Cardano Blockchain's potential to attract new ventures and developers, and we anticipate a similar level of adoption in the near future.
