🧬Gorilla Swap
Last updated
Last updated
Gorilla Swap uses a dual model: Liquidity Protocol & Aggregation Protocol.
Liquidity Protocol: Liquidity pools are created when users (called liquidity providers) deposit their digital assets into a smart contract. These assets can then be traded against each other on a DEX. When a user provides liquidity, a smart contract issues liquidity pool tokens. For $Gorilla's LP providers, in addition to receiving rewards from transaction fees from the liquidity pool I provide, they will also receive rewards from the revenue sharing of the protocol.
Aggregation Protocol: The protocol sources liquidity from various exchanges and is capable of splitting a single trade transaction across multiple DEXes to ensure the best rates.
The benefit of using such a dual model is to save transaction costs and minimize slippage for users. Our protocol is designed to process transactions faster and at a lower cost than other DEX exchanges.
The DEX transaction fee will be shared between the liquidity providers and those who lock the token for rewards in the protocol."