đSwapping
Last updated
Last updated
An Automated Market Maker (AMM) operates like a robotic market participant, consistently offering prices for asset swaps.
With AMMs, swaps occur without the need for trust in a central party.
Liquidity providers can contribute assets to liquidity pools and earn fees in return.
This marks a departure from traditional markets and centralized exchanges that rely on central limit order books.
As a vital component of the broader Decentralized Finance (DeFi) ecosystem, AMMs play a fundamental role in enabling decentralized asset exchanges.
Kibble's Automated Market Maker (AMM) DEX is designed to redefine decentralized asset exchanges. Our revolutionary Swap feature offers:
Lightning-fast transactions
Minimal slippage
Ultra-low trading fees
From these conveniences and strengths, we're setting a new standard for efficiency and affordability in the DeFi space. With Kibble, users can enjoy seamless and secure asset swaps, powered by advanced algorithms that ensure optimal pricing and liquidity.
Whether you're a beginner or an experienced trader, Kibble's AMM DEX provides a user-friendly interface and robust infrastructure to meet your trading needs.
Let's break down the process of buying KIB using TON in more detail:
Initiating the Transaction: Users begin by initiating a simple transfer from their TON Wallet to their own address. This transfer includes a custom payload indicating the desired token swap, specifying the amount of TON they wish to exchange for KIB.
Confirmation and Execution: Once the transfer is confirmed on the TON blockchain, the KIB Router, a component of the Kibble platform, receives the confirmation. The Router then triggers a call to the Pool contract, which is responsible for managing liquidity pools and executing token swaps.
Executing the Swap: Upon receiving the request from the Router, the Pool contract performs the actual swap of TON for KIB tokens based on the current exchange rate and available liquidity in the pool.
Receiving KIB Jetton: After successfully completing the swap, the Pool contract returns KIB Jetton tokens to the Router, indicating that the transaction has been processed. This confirmation triggers the Router to finalize the transaction and update the user's wallet balance accordingly.
