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Cairo Finance aims to offer an open and permissionless way to swap your token at the best prices.
The CAIRO SWAP technology offers a cutting-edge discovery and routing algorithm, which provides asset exchanges at the best rates on the market. With the CAIRO SWAP, you will be able to find the most efficient paths for a token swap, able to split between different protocols and even different market depths within one protocol in the shortest possible time.
How do swaps on a DEX work?
CAIRO DEX works with a different selection of automated market makers. That means it is a collection of smart contracts that define a standard way to create liquidity pools, provide liquidity, and swap between different assets.
Each liquidity pool contains two assets. The pools keep track of aggregate liquidity reserves and the pre-defined pricing strategies set by liquidity providers. Reserves and prices are updated automatically every time someone starts a trade. There is no order book and no third-party custody.
Because reserves are automatically rebalanced after each trade, a pool can always be used to buy or sell a token — unlike traditional exchanges, traders do not need to match with other individuals to complete a trade.
The Cairo Bridge introduces the best-in-class token bridging experience with deep liquidity for users, highly efficient and easy to use.
How Is the Cairo Bridge used?
• DeFi users can bridge native assets on the Cairo Bridge within a single transaction. For example, users can swap USDC on Ethereum for USDC on BNB.
• DeFi users can swap native assets cross-chain on the Cairo Bridge within a single transaction. For example, users can swap USDC on Ethereum for USDT on BNB. This function is limited and not available for all assets!
• Trustless bridges are different from trusted bridges as they don't rely on third-party entities and operate in a decentralized way. They use smart contracts to manage the process of connecting different blockchain networks. This means that users can keep full control of their crypto assets. In contrast, with trusted bridges, users need to trust the reputation of the bridge operators, while in trustless bridges, users can rely on the security and transparency of the underlying code.