After TitanSwap listed on Huobi on September 24, later today, on September 25, TITAN/USDT trading was opened at 15: 00 in Bithumb, triggering great attention from the public and marking a great success of TitanSwap’s going global.
TitanSwap is Swap standing on the shoulders of Uniswap, but there are a lot of innovations.
Being a DeFi project that combines the features of the predecessor in the DeFi realm, TitanSwap wishes to provide new millennials and Z-generations with completely self-controlling financial products. With a small number of digital assets and little understanding of the complex on-chain transactions and advanced financial knowledge, users can participate in the project.
TitanSwap aims to be a cross-chain Swap. Although Ethereum carries most of the digital assets, we believe that Swap should not only serve Ethereum. For users, they should not first convert ERC20 assets to ETH through Uniswap, and then convert them to TRX in another place, and finally convert to TRC20 tokens in JustSwap, as the entire operation process is too long and too cumbersome.
TitanSwap is a one-stop cross-chain asset swap. The entire process is automated through cross-chain assets, which greatly reduces the user’s operating costs and intermediate transaction costs.
As the first milestone, TitanSwap will first realize the automatic routing of different liquidity pools on Ethereum, such as Uniswap pool, Sushiswap pool, Balancer pool, Curve pool, and realize Swap across liquidity pools, and when different liquidity pools provide the same trading pairs, smart routing will also automatically select the best route to achieve the best price and lowest slippage. These are the two major features of TitanSwap Cross Chain and Smart Route.
Most users who are accustomed to centralized exchanges will use a variety of rich order types. There is a huge difference between the AMM mechanism under DEX and the order book model, which makes the implementation mechanism of limit orders completely different from CEX.
With the TitanSwap product launching the market, users can experience limit orders for the first time, entrust smart contracts to track prices and realize the function of limit orders, which not only guarantees the non-custodial features of DEX, but also realizes this unique function.
However, the limit order is only the beginning. Through a similar mechanism, users can entrust smart contracts to implement more abundant order types, and even the automatic arbitrage function between the same type of liquidity pool and cross-type liquidity pools. This is essentially a way to automate orders based on AMM through smart contracts.
In addition, TitanSwap will work on the mechanism of AMM, while innovating on the incentive mechanism. The goal is to reduce impermanence losses for liquidity providers, which we call Adaptive Bonding Curve. Specifically, the main reason for impermanence loss is price fluctuations, especially sharp fluctuations. TitanSwap tackles this problem from two aspects.
One is to dynamically adjust the curvature of the Bonding Curve to make the curve steeper when the price fluctuates sharply, thereby reducing the profit margin for arbitrage and returning the price to the normal price more quickly and at a lower cost. The dynamic adjustment depends on the Realized Variant on the one hand, and the prediction of fluctuations on the other hand, such as the way of VPIN. In the future, we will even use deep learning to intelligently adjust the curve.
On the other hand, TitanSwap’s Pool fee is not a fixed 0.3%, but can be determined based on the volatility of the trading pair. This process will also be implemented in a democratic manner through TITAN DAO.
In addition, TitanSwap is also actively exploring the implementation of Layer2. The technical route is consistent with Unipig’s technical route. This will undoubtedly greatly improve the user experience. It can be predicted that the first implementers will form a leading position in the market for a period of time.
There are some other micro innovations, such as TITAN Address Audit, which is not a centralized verification of scam coin, instead, it is more like a community-based reputation system. The reputation of trading tokens is formed through the list created by the community, and higher reputation forms wider spreading characteristics and greater user traffic support.
After the booming of DeFi, more people started to realize the importance of DEX, and consider it as the cornerstone of the DeFi Lego. TITAN proposes many optimizations from the perspectives of both the trader and the liquidity provider, which can be simply understood as the advanced version of Uniswap.
From the perspective of liquidity providers, TitanSwap is committed to minimizing the risk of impermanent losses, and on the basis of greatly reducing the technical threshold of market makers, enhancing the ability to resist risks and improving market efficiency.
TitanSwap liquidity mining will launch the market by the end of October, with some features as follows:
The first is to balance the relationship between large liquidity providers and ordinary liquidity providers, so that ordinary users can participate in our project fairly. On the other hand, Titan promises to release 90% of TITAN tokens through liquidity mining. The team has no pre-mining and no reservations. Only 10% of the tokens are sold to investors as initial capital, after which the Titan project becomes a true decentralized community project. This ratio is much higher than other Swap projects.
Many Swap only focus on motivates liquidity, with their products in lack of innovation and long-term planning, and therefore lack of long-term value support. For the project to form long-term value, the product itself must provide the functions that users desire. From this perspective, Internet products, industrial blockchain products, and DeFi products must all follow the same guidelines.
TitanSwap is trying to solve some problems exist in DEX, and hopes that more innovators will participate in it. On the basis of TitanSwap, TitanSwap will be completely open source and involve community developers to participate, thus forming long-term value and common interests.
From the perspective of the broader market, the collective decline in the market from September 2 to September 4 brought an end to the upward trend of DeFi. Bitcoin is currently in fluctuation, and the trend of mainstream currencies led by ETH is generally weak.
In the current trend of weak market volatility, SWAP currency is suffering as well. Recently, the major currencies related to DeFi, such as LINK and SUSHI, have seen a sharp decline. The trend of the secondary market also objectively shows that the current market sentiment is weakened.
At present, it seems that the price of various swaps will plummet in the later period mainly because of the lack of support brought by innovation like UNI. In addition, due to the design of the AMM token 2 pool, the opening price of the token is seriously inflated. AMM coin still needs more non-speculative use cases to be able to hold on.
In all, DeFi is still at a very early stage and the future potential of DeFi is unlimited. To better develop, integrating more CEX functions in DEX might be a brilliant way, just like what TitanSwap has been doing.
Der Beitrag TitanSwap is going global, can it surpass Uniswap? erschien zuerst auf Crypto News Flash.