Project title and description of the project.
Project Title: TriAngle Exchange
TriAngle Exchange is a curve forked with extremely low slippage. It was created to achieve the perfect swap between different stablecoins, such as AUSD - USDT - USDC, and XCFX - CFX. What’s more, TriAngle Exchange is the most essential basic infrastructure of the AUSD ecosystem and conflux epsace. Unlike the traditional Uniswap V2 system (which support the swap between unstable coins and tokens, like swappi), Triangle Exchange will focus on swapping for stablecoins, offering the best slippage on low liquidity.
Why does Conflux need Curve ?
- AUSD - USDT - USDC needs a stable swap curve algorithm for the low slippage.
- XCFX - CFX needs a stable swap curve algorithm for the low slippage.
Objectives and success criteria of the project
We hope Triangle Exchange can empower the AUSD and TAD ecosystem, and become the most essential application in the Conflux Espace, to be more specific:
- Stable coin swap with low slippage, which concentrates 60% of the liquidity for 0 slippage swap.
- swap for tokens other than stablecoins with low slippage on eSpace in the future.
- Become the Swap Protocol with the largest TVL on eSpace.
The Triangle team realizes the importance of liquidity for the Ausd, and also realized the drawbacks of dumping after mining, that’s why we need a systematic and sound liquidity management solution. We hope to introduce POL (protocol own liquidity) and PCL (protocol control liquidity) to manage liquidity through our next project, Triangle-Liquidity.
Aggregator Swap with smart order router algorithm
Tips: Smart Order Router, or SOR, is an off-chain linear optimization of routing orders across pools for best price execution.
To complement Triangle-Exchange functions on non-stable coins, we will connect Swappi’s liquidity by developing an aggregator feature to swap tokens between non-stable coins. We will compute the optimal redemption routing path off-chain and execute the optimal routing path on-chain.
The TriAngle Exchange was proposed by a global-based decentralized autonomous organization. The core team and early contributors prefer to remain anonymous and firmly believe that a decentralized financial world should be initiated by a decentralized organization and further developed and governed by a Decentralized Autonomous Organization (DAO).