[Hello, World!] ACYFinance — Swap
This post explains ACY Finance’s first offering, ACY Swap, and what it means for your cryptocurrency portfolio.
Satoshi Nakamoto’s vision for Bitcoin was to start a new era of decentralised finance. In that world, no third-party can exploit their roles in the ecosystem and impose selfish taxes on others. Each is rewarded by how much the market values their services.
However, as we have discussed in our previous post, the way our current crypto exchanges work gives room for miners to maximise their own profits at the expense of users. Left unchecked, this situation can threaten the integrity of the whole blockchain network. It’s a pretty serious problem.
But worry not, as our team at ACY Finance has put together a solution to this dilemma — ACY Swap, which integrates your regular crypto swap with a flash arbitrage function!
What you get with ACY Swap:
- More stable pricing (less slippage) — prices are already balanced out from the arbitrage
- Extra income from swap transactions from the arbitrage. You will earn 50% of arbitrage profits associated with your swap transaction. The rest will go to LP Token holders (20%), our ACY Token buybacks and burns (20%), and the ecosystem fund (10%).
Similar with flash loans, flash arbitrage happens in an instant. But instead of one block, flash arbitrage happens in one single transaction along with your swap.
When you make a swap on ACY Swap, our smart contract will first do a swap, then identify arbitrage opportunities for the involved cryptocurrencies throughout ACY Finance’s liquidity pools and capture them for you.
All these actions happen in one transaction, so there is no room for miners to front-run and capture arbitrage profit opportunities that arose from your swap transaction.
ACY Finance is a decentralised all-in-one financial services platform with the mission to help users maximize their wealth through four interconnected offerings. Follow our Medium and other social media to keep up with the latest news on blockchain, DeFi, and our project:
