AMM

Traditional AMM

LayX is an automated market maker (AMM), a decentralized exchange (DEX) and not only are we an AMM and a DEX, we also have integrated bots that both project owners and users can utilize. Powered by machine learning to expedite your and streamline your trades.

To accomplish this, LayX will gather liquidity from multiple sources and from users willing to loan out their assets to the protocol for a percentage of the swap fees that will be generated when assets are bought and sold. These liquidity providers (LPs) will receive LayX LP (XLP) tokens as a sort of receipt for the liquidity that has been provided. The liquidity will be used to facilitate swaps across the different chains that LayX is integrated on. Having sufficient liquidity is crucial to ensure low-slippage trades.

XLP tokens will also have a further utility as we expand the product offerings on LayX.

Future utility for XLP tokens include, re-staking and lending.

Interchain AMM (Layered)

Interchain AMM is exactly what it depicts, being able to swap assets without a bridge. Liquidity will be available on multiple chains and automated atomic swaps can be executed without the presence of a bridge. This will drastically reduce the risks of being hacked. Think of it as a global swift system.

We will disclose more about this soon.