QuipuSwap launches on Tezos

MadFish.solutions has launched the QuipuSwap decentralised exchange, enabling the addition and exchange of any tokens on the Tezos blockchain.

We have launched @QuipuSwap — the first #DEX in the #Tezos ecosystem with on-chain governance for baking rewards. Add your tokens and create your own #Liquidity Pools instantly. Earn profit from swaps and #baking rewards, connect your #DeFi projects. More: https://t.co/NWNcfilzdG pic.twitter.com/dVWrWaaumc

— madfish.solutions (@madfishofficial) March 31, 2021

The exchange uses an open-source AMM. Users of QuipuSwap will have the ability:

• create liquidity pools in pairs with other tokens and Tezos (XTZ);
• instant trading after the creation of a liquidity pool;
• earning income from XTZ baking rewards and fees;
• voting for a delegate or banning it in the selected liquidity pool;
• using the infrastructure to create new DeFi solutions based on the Tezos blockchain and more.

In the first day, the value locked on QuipuSwap rose to $434,000.

The security audit of the smart contracts was conducted by Least Authority.

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