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What is the meaning of swap in the network? (What does swap mean in English translation)

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What is the meaning of swap in the network? What does swap mean in the network?

What is the meaning of swap in the network? (What does swap mean in English translation)

What is the meaning of swap in the network? What does swap mean in the network? Swap is a decentralized exchange that operates on the blockchain. The main features of swap include liquidity and low transaction fees, no fund risk, and support for automated market maker (AMM) mechanisms. Currently, swap has been defined as an Ethereum smart contract platform, but this system still requires many modifications, so swap does not have such characteristics.

In a sense, swap is a very simple project, but in reality, it is not that complicated because it operates in a single network and consists of multiple nodes. Simply put, swap can combine multiple nodes together to form a Swap network, enabling fast and secure token exchange between various protocols and achieving permissionless cross-chain circulation.

What does swap mean in English translation

What is the meaning of swap?

In simple terms, swap is a new form of token that is traded through liquidity pools on centralized exchanges (CEX). This process is called “automated market maker” (AMM). This model allows users to directly exchange digital assets for another cryptocurrency, enabling instant and efficient price discovery, settlement, and payment operations. SWAP can be any type of token and can also be a decentralized exchange.

Popular swap products in the market currently include: Uniswap (UNI), Compound (COMP), Aave (LEND), MakerDAO (MKR), Synthetix (SNX), and Curve (CRV), which is a project controlled by the Curve community.

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