Introducing WhatSwap: A Lightweight Decentralized Trading Protocol

Need for Gas-Optimized DApps

Most AMM (Automated Market Maker) liquidity protocols are forks of Uniswap and hence, suffer from the same underlying issues of inefficient gas utilization. These inefficiencies are limiting the growth of users on existing decentralized exchanges due to high gas fees and astronomical costs for creating a liquidity pool.

Introducing WhatSwap

WhatSwap is an on-chain decentralized trading protocol using an automated liquidity pool based on a “constant product formula.” Every WhatSwap trading pair stores a reserve of the dual asset pools, which provides liquidity for the assets in the pool. WhatSwap is designed to be a highly gas-efficient protocol that substantially reduces gas fees when compared to other AMM pools without adding any trade-offs with the user experience.

Some of the key features of WhatSwap:

Gas Efficiency: WhatSwap is designed with gas efficiency as one of the key features of the protocol. The architecture saves gas during liquidity pool creation and token swaps. WhatSwap also lowers the on-chain data storage while creating a new liquidity pair which not only saves gas fees but also puts a lower on-chain storage burden on Ethereum saving blockchain bloat.

Gas Fees Savings With WhatSwap

The chart below illustrates the top gas-consuming smart contracts in 2021 on the Ethereum blockchain.

Sneak Peak!

Following are two trades performed simultaneously on Uniswap and WhatSwap.

Journey Ahead

We will keep releasing new updates, including our roadmap, timelines, audits, and much more. We welcome feedback from the community and are open to collaborations.

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store