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Screenshot 2023-05-04 at 23.22.55

What is WispSwap?

The first thing that WispSwap promises us is to provide a low commission compared to other DEXs. This will happen through four crucial components, such as:

  • Concentrated Liquidity Market Maker (CLMM) β€” providing a large depth of liquidity pool while spending little capital,
  • An insurance pool from Impermanent Loss (IL) where liquidity providers receive 2% as coverage per day,
  • Decentralized Limit Order Book (DLOB) β€” is the order book of centralized exchanges we used to know, but in a decentralized manner. It results in much faster order execution speed, while many scalable liquidity paths are achieved,
  • Decentralized Autonomous Organization (DAO) β€” launch of the $WISP token, and creation of decentralized governance of the platform by active users.

WispSwap Roadmap

At the end of December WispSwap posted their roadmap.

I. Pre-launch phase:

  • Swapping / Adding Liquidity,
  • Wisp-Prediction,
  • Testnet deployment.

II. Launch Phase:

  • Concentrated Liquidity Market Maker,
  • Staking,
  • Yield Farming V1.0,
  • Code audit,
  • Mainnet deployment.

III. Build Phase:

  • Decentralized Limit Order Book,
  • Yield Farming V2.0,
  • Launchpad V1.0,
  • Community proposals and voting,
  • Developers API.

IV. Expansion Phase:

  • Lending V1.0,
  • Launchpad V2.0,
  • User-friendly UI for crypto newcomers,
  • More asset types for prediction markets.

Why SUI?

As the creators of WispSwap assure us, they chose SUI because of the reputation of the team (Meta, Diem) & the advantage of parallelizing transactions, what allows them to achieve incredible order execution speed and scaling. The gas fee, which will be fixed every epoch, i.e. 24 hours, is the icing on the cake.

Separately, it is worth adding a few words about the Wisp-Prediction function. We’ve seen something similar in protocols like PancakeSwap and others. It’s something of risky derivatives itself, so please be aware before gambling.

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