Jioswap Finance, a decentralized digital asset management platform has announced its launch of JioSwap. The project is designed to deliver an optimized experience for users looking to trade in stable coins and other pegged assets. Touted as the first high-throughput open-source smart contract platform for digital assets and Dapps, fantom provides the infrastructure necessary to make this possible for Jioswap to optimize its protocol with low slippage and cheap exchanges without sacrificing security. The company’s native token $JIO will have a capped supply, providing equal opportunity for all participants in the ecosystem.
Why is jioswap important for blockchain?
If a DeFi user is looking to swap $100,000 USDC to fUSDT. Using the traditional AMM such as UniSwap, PancakeSwap, spooky swap etc.. you’d receive roughly $98690 fUSDT – losing $1310 in value. If you were to use Jioswap instead, you’d receive $99,652.234704 – almost zero slippage. Jioswap protocol is specifically designed for pegged assets, and as a result, it is much more efficient than an AMM such as PanacakeSwap that is not optimized to do so.
To learn more about how you can participate visit jioswap.finance.
