SithSwap: Starknet’s Dual Liquidity AMM for Volatile and Stable Swaps

Learn about SithSwap, the dual liquidity Starknet AMM. Discover the advantages of its setup and the innovative liquid staking pools.
Starknet Ecosystem
• May 11, 2023
3 min read
SithSwap: Starknet’s Dual Liquidity AMM for Volatile and Stable Swaps

SithSwap stands out as one of the Top 5 Automated Market Makers (AMMs) on Starknet. As a cutting-edge liquidity exchange platform, it has become a respected dApp in the Starknet ecosystem.

Explore what sets SithSwap apart in the world of Starknet AMMs and discover ways to showcase your trading expertise using the Starknet Pro Score.

SithSwap Snapshot

To get a quick summary of the SithSwap Starknet dApp, check out its profile.

Activity TypeAutomated Market Maker (AMM)
CategoryDecentralized Exchange, DeFi
Launch Date02/2022
AvailabilityMainnet & Testnet
Description

SithSwap is a cutting-edge Starknet AMM where you can swap volatile and stable assets with minimal slippage and low fees.

As a robust liquidity exchange protocol, SithSwap gives users and developers a highly composable framework for extensive, sustainable, and adaptable liquidity.

SithSwap has an elaborate incentive system comprising staking pools, escrows, bribes, gauges, and native SITH token rewards.

USP

One of SithSwap’s specialties is its dual liquidity AMM which supports both volatile and stable swaps.

It adopts the familiar Uniswap V2 contracts architecture, enhancing it with features like low-slippage trades for correlated asset pairs and dynamic directional fees for customized trading pair configurations.

Another unique feature of SithSwap is its innovative liquidity incentives through non-fungible staked positions (LiquidStakingPools). These positions bring additional yield on top of AMM LP tokens.

The permissionless BribedPools provide projects with control over their incentives and a range of options to find the type of liquidity they need.

SithSwap was audited by Nethermind.

Websitehttps://sithswap.com/

SithSwap’s Decentralization Prospects

SithSwap has already revealed its decentralization and token launch roadmap. While there are no exact dates for the start of Genesis Pools and the public sale, SithSwap fans can inform themselves about the planned schedule of events.SithSwap Sarknet AMM - Braavos Wallet

Will there be a SithSwap token? Yes, the SITH token serves as a native reward and utility token within SithSwap.

You can earn SITH as a reward for incentivized staking positions, plus you can convert it into xSITH, a transferable escrowed utility token. You can also earn it from yield-bearing staking positions (stkLPs) that are receiving emission rewards, or directly through SITH-to-xSITH conversion.

In the long run, the SithSwap team is planning to transfer ownership and governance to an on-chain DAO of xSITH token holders.

Token distribution roadmapYES
Decentralization roadmapYES
Investment rounds completedSeed round of $2.65M completed in June 2022

SithSwap Community Overview

SithSwap is proactively expanding its community. They’ve introduced various community initiatives already, and we anticipate additional campaigns as this Starknet AMM continues to develop.

Community Campaigns and ProgramsYES
LeaderboardNO
Starknet Pro Score IntegrationYES
Starknet Pro Score CampaignTBD
Other campaignsYES
SocialsDiscord: discord.gg/gAD2wuzeNf 
Twitter: twitter.com/SithSwap 
Telegram: https://t.me/SithWars
Discord Members12k

Discover how SithSwap compares to other AMMs on Starknet, see the table below.

 V1 or Concentrated Liquidity (V3) (CL)
SithSwapV1
10kSwapV1
JediSwapV1
mySwapCL
EkuboCL

Explore SithSwap and Grow Your Pro Score

Making transactions on SithSwap is an excellent way to learn about the Starknet system. Plus you can also track your interactions and boost your Starknet Pro Score. New to the Pro Score concept? No worries, here’s the deal.

This convenient transaction tracker lets you monitor your engagement not only with SithSwap but also with other Starknet dApps. It’s also an enjoyable way to turn your Starknet journey into a game and demonstrate your expertise within the Starknet ecosystem.
Ready for the Starknet adventure? Boost your Starknet Pro Score and engage in a competition with other Starknet enthusiasts. Joining is simple: head to the dApp Gallery within your Braavos wallet, access SithSwap, and start making transactions.SithSwap Starknet Pro Score - Braavos Wallet

We recommend the following SithSwap transactions to enhance your Starknet Pro Score:

  • Swap
  • Add Liquidity
  • Remove Liquidity

Want to reach 100% and master the Starknet Pro Score? Take a look at the detailed and comprehensive Pro Score guide to learn how.

Explore More Starknet dApps like SithSwap with the dApp Gallery

If you don’t want to spend hours or even days searching for relevant Starknet projects, here’s some help. The dApp Gallery on Braavos lists noteworthy Mainnet projects accessible with just one click from your wallet. 

This curated list lets you engage with genuine projects, reducing the risk of encountering fake ones or phishing attempts. While we prioritize secure connections, it’s important to note that we cannot fully guarantee the integrity of these dApps or entirely bug-free experiences.

If you want to see the full list of Starknet projects in the dApp Gallery, download the Braavos Wallet now. You don’t need any funds to try it, it’s free.
Have fun exploring Starknet, and make the best of it by boosting your Starknet Pro Score!

Bertrand Blancheton

Bertrand Blancheton

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