SyncSwap: Best DEX in the world!
Experience next-level DeFi with SyncSwap, a user-friendly decentralized exchange (DEX) built on the zkSync Era, harnessing the power of zero-knowledge technology for optimal security and cost-efficiency
Diverse Liquidity Pools to Suit Your Needs
Classic Pool
The Classic Pool, based on the constant product algorithm (x*y=k), is perfect for general trading purposes
Supporting a wide range of assets, this pool maintains balanced reserves of 50%-50%. However, it may not be the ideal choice for stable assets, as the Stable Pool is better suited for assets like USDC/USDT
Stable Pool
Optimized for stablecoin trading, the employs a hybrid algorithm, combining both the constant product and constant sum models. This results in a constant sum automated market maker (AMM) when prices are pegged around 1:1, ensuring highly efficient trading
In case of de-pegged prices, it smoothly transitions into a constant product AMM. The Stable Pool excels with assets like USDC/USDT closely pegged at 1:1 but may not be as efficient for uncorrelated assets such as ETH/USD
Concentrated Pool
Similar in concept to the Stable Pool, the Concentrated Pool takes it a step further by supporting dynamic prices, as opposed to a fixed 1:1 ratio
This pool dynamically concentrates liquidity around market prices, offering a tighter spread and enhancing efficiency. The Concentrated Pool is an upcoming feature
SyncSwap Smart Router
The SyncSwap Smart Router serves as a crucial liquidity aggregator, seamlessly combining various liquidity pools and models to provide you with the best prices
It offers the following routing strategies:
Multiple Pool Models:
The Smart Router explores pools of different models and leverages the Multi-Pool design for comprehensive liquidity aggregation. This means a single trade might utilize both classic and stable pools, optimizing your trading experience
Multiple Hops:
The Smart Router jumps between popular tokens, often referred to as common bases, to bridge liquidity gaps and potentially secure better prices
For instance, a trade from ETH to wBTC may involve hopping through USDC (ETH -> USDC -> wBTC)
Path Splits:
Split your trades across multiple paths to allocate different token percentages for potentially improved pricing. For instance, a trade from ETH to wBTC might split into 2 paths:
30% ETH -> wBTC and 70% ETH -> USDC -> wBTC
Convenient Trading
SyncSwap offers seamless trading between various tokens, provided there is sufficient liquidity. Discover and trade thousands of cryptocurrencies on the zkSync Era with ease. Here’s how it works:
- Select the two tokens you want to exchange
- Fill in the desired amount
- Click the Swap button
The price and trading value will be displayed once the amount is entered. Additionally, you can view the price impact and more details by clicking on the price bar.
Please note that trading on SyncSwap incurs a fee paid to the protocol, with different pools having varying fee structures. You can find fee details in the pools section, and the trading fee is already deducted from the output amount.
About SyncSwap
SyncSwap is your gateway to zkSync Era’s decentralized exchange, delivering user-friendly and cost-effective DeFi while ensuring complete Ethereum security. Join us on this transformative journey today!
