zkSwap is an Automated Market Maker (AMM) that provides traders with greater control over the price ranges they provide liquidity to, enabling a more efficient trading experience.
zkSwap provides the infrastructure for creating and managing concentrated liquidity pools, which increases the capital efficiency for trading and liquidity provisioning compared to classical AMMs that utilize constant product formula. It leverages concentrated liquidity to improve capital efficiency and offers flexible fee structures, auto-compounding fees, and farming rewards.
zkSwap is a relatively new project. It started out on zkSync Era Testnet and launched a testnet feedback campaign for the users. Upon receiving overwhelmingly positive feedback, zkSwap launched and sold $ZKSP tokens in a private and a public sale. After successful sale and testnet phase, zkSwap have deployed liquidity to a partner DEX for users to be able to trade right away. Next step is to launch zkSwap on zkSync Era mainnet.
Initially token will be user for:
- Bootstrapping initial liquidity and promote the usage of the protocol
- Governance token within the zkSwap Protocol to decide about important protocol parameters
