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Overview

Introduction​

Swaap Maker is a non-custodial RfQ market-making infrastructure.

It provides optimal liquidity services with built-in defensive modules – or "safeguards” – allowing for on-chain max drawdown circuit breaker, last look, and other dynamic forms of funds protection.

Liquidity pools automatically compound fees, and are represented as ERC-20 tokens for simpler auditability and composability.

The strategies are powered by state-of-the-art market-making strategies originating from the stochastic control theory and focus at optimizing LPs returns against “HODLing”

Access the full whitepaper here.

Architecture​

Swaap Maker relies on 3 core modules:

Inventory: the onchain Vault in charge of asset reserves. As a fork of the Balancer v2 Vault it inherits from all of its benefits – notably gas optimization and the same security guarantees that a highly audited and battle tested contract can offer.

Quotation: the offchain quotation module that deploys state-of-the-art market-making strategies that takes advantage of both offchain & onchain signals such as low latency price feeds, instantaneous volatility, trading demand and more.

Settlement: the settlement layer which runs various sanity checks — notably max drawdown, circuit breaker, last look — designed to handle extreme market conditions such as flash crashes or stablecoin de-peggings.

For more information, please refer to the v2 whitepaper.

Chains​

Swaap Maker is currently available on 11 chains:

  • Ethereum
  • Base
  • Arbitrum
  • Optimism
  • Polygon (PoS)
  • BNB
  • Scroll
  • Avalanche
  • Linea
  • Mantle
  • Mode