AlgoSwap

WARNING: THIS CODE HAS NOT BEEN AUDITED AND SHOULD NOT BE USED ON THE ALGORAND MAINNET - USE AT YOUR OWN RISK!

Overview

AlgoSwap is an automated market maker like UniSwap built on the Pure Proof-of-Stake Algorand Blockchain. It relies on the xy = k function to maintain exchange rates for liquidity pairs in the market.

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Protocol

See the AlgoSwap Protocol documentation.

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Setup and Initialization

TODO

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TODO

• Test cases
• Anti-frontrunning using hashed commitments: in one block you must commit to making a trade by putting down a deposit (the amount needs to be thought out to properly align incentives), in a later block you would follow through on the commitment by actually making a trade, you can't make a trade unless you've committed to it in a previous block, this should entirely prevent frontrunning bots

Credits

AlgoSwap was made possible by a generous grant from the Algorand Foundation, and the hard work of the following individuals:

• calvinchan1
• ehliang
• haardikk21
• luoyang9
• mattreyes
• uberi
• windforcer

License

AlgoSwap is made available under the MIT license.