Suidex is one of the first AMM (Automated Market Maker) on the SUI blockchain, created to enable safe and decentralized token swaps.
The protocol uses smart contracts developed by our team, written in the MOVE language, and published on the SUI mainnet/testnet.
Uncorrelated token swaps, trade directly from your wallet app
Stable swaps for correlated assets, using a different liquidity curve
A treasury that receives a part of every swap transaction fee
Written in Move: a new smart contract language designed with security
High speed transaction
Trading fees are lower than other top decentralized exchanges
SuiDex is an Automated Market Maker (AMM), and the Exchange is at the heart of SuiDex for digital assets on the SUI. The liquidity provided to the exchange comes from Liquidity Providers (“LPs”) who stake their tokens in Liquidity Pools. In exchange, a user gets LP tokens that can also be staked to earn SuiDex tokens in the “Farms”.
We will provide the following services for native tokens on SUI:
NFT MarketplaceAs one of the first AMM on SUI we will focus on creating the largest liquidity pools for their native tokens.
SuiDex lets users trade without the need to go through a Centralized Exchange. Everything you do on SuiDexis routed directly through your own wallet.
You can only swap tokens on SuiDex if there is enough liquidity for those tokens. If nobody has added much liquidity for the token or tokens you want to swap, it will be difficult, expensive, or impossible to do so.
Providing liquidity will get you LP Tokens, which will earn you rewards in the form of trading fees for making sure there’s always liquidity for the exchange to use.
Yield farming lets users that are providing liquidity earn rewards by locking their LP tokens into a smart contract.
Initial Farm Offerings (IFOs)
An Initial Farm Offering is an event that lets users buy into a limited-time offer to purchase new tokens. The IFO price is usually very generous.
The Marketplace is a giant release and an extensive part of the SuiDex ecosystem. This is a huge step for further development of the global DEX and innovative space to earn crypto via NFTs.