Features

PixelSwap offers the following features that set it apart from other DEX platforms:

• Swap between TON / Jettons and Jettons / Jettons

• Upgradeable Smart Contracts and Functional Modules

• utilization of a single contract for all trading pairs

• Support weighted pool and LBP launch

• Permissionless pool creation (admin validation is allowed)

• Gas use customization per token (improved Jetton compatibility)

• Fee distribution funneled to the fee collector contract (can be configure by each pairs)

• Most inter-contract messages are explicit and can be indexed with ease. For methods that don't send such messages, PixelSwap will trigger an event upon successful execution

• The ability to employ underling assets for risk-free yield farming

• Atomic multi-hop multi-path swap routing (e.g 60% path A -> C -> D -> B, 40% path A -> E -> B), slippage determined for the entire swap

• LP farming: independent farming pools for an LP token using multiple Jetton/TON tokens as rewards

For a better understanding, here is a more detailed explanation:

Typically, DEXs use the formula of x*y=k, which makes AMM possible. However, due to the characteristics of this formula, the closer to the extreme, the higher the slippage and the steeper the curve, which makes the DEX using this formula have lower capital utilization and higher slippage.

Weighted Pool is a method used in Balancer with the formula x^a*y^(1-a) = k, where a is the weight of the portfolio. Unlike the previous algorithm, weighted pools enable users to build pools with custom weightings, such as pools with 80/20 or 60/20/20 weightings.

Based on the Weighted Pool feature, PixelSwap supports the LBP launch, that is, the ratio of two tokens is dynamically adjusted during the operation of the pool, so that the contract can passively unilaterally buy or sell an asset. We'll explain this in more detail in the Liquidity Bootstrapping Pools section that follows.

Please note, the above content pertains to design features. Some of these features will be iteratively supported in subsequent version updates.