Maiar Exchange

The Maiar Exchange is the ultimate automated market maker, rearchitecting some of the key elements to build a product that can leverage the entire performance of the Elrond architecture, to offer global, near-instant, inexpensive transactions between an expanding suite of assets.

The essence of current versions of automated market makers is best expressed through the constant product equation: x * y = k

Based on it, if a swap pool owns some units of token x and some units of token y, it prices trades so that the quantities of x and y resulting after the trade, when multiplied, are equal to a fixed constant, k.

But current AMM performance could be significantly improved by rebuilding them on vastly more scalable architectures. By reimagining an automated market maker on top of a highly scalable architecture that is high bandwidth, low latency, and inexpensive, the performance of the swap processes can be drastically improved. With significantly better performance, the scope of AMMs can be rapidly expanded, giving birth to new market opportunities.

A few unique features:

State Sharding: The Elrond blockchain is the first live blockchain with state sharding. Other chains with similar architectures, such as Ethereum 2.0, are still in development or are yet to enable state sharding. Anyone who wants to understand sharded DeFi should pay attention to Elrond DeFi.

SFTs LP Tokens: trade, collateralize – Providing liquidity on the Maiar Exchange gives you LP tokens, like most AMM DEXes. Uniquely in the space, the Maiar Exchage LP tokens are tradeable. This means you can provide liquidity, then sell your position, or take a loan against it (use LP tokens as collateral). Awesome and a DeFi first, because of Elrond’s unique ESDT (Elrond Standard Digital Token) architecture.