Introduction
Bullswap is a decentralized exchange protocol launched on the Ethereum mainnet. There are no dependences required outside the Ethereum blockchain for it to operate. Bullswap contains two smart contracts: Exchange contract and factory contract. We have written smart contracts in both Solidity and Vyper. Anybody can access Bullswap using web3 and embed Bullswap functionalities within their apps.
Our exchange is fully decentralized and very easy to use. It’s a 100% on-chain market making, allowing the swap process between ERC20 tokens, as well as ETH to an ERC20 token, and vice-versa.
Bullswap smart contracts hold liquidity reserves of various tokens, and trades are fulfilled directly based on these reserves. Each Bullswap pair stores pooled reserves of two assets, provides liquidity for those, keeping the invariant that the product of the reserves can’t decrease.
Prices on Bullswap are set automatically using the automated market maker mechanism, which retains general reserves in relative balance. Reserves are pooled between a network of liquidity providers who supply the system with their tokens in Bullswap for a commensurate share of trading fees. The exchange contracts hold a reserve of ETH and their linked ERC20. This lets trades between the two based on related supply. Exchange contracts are connected by the registry, letting ERC20 to ERC20 trades directly between any tokens using ETH as an arbitrator.
Bullswap is designed to become an easy-to-use exchange, gas efficiency, censorship resistance, and zero rent extraction. It is beneficial for traders and functions particularly well as a module of other smart contracts which require guaranteed on-chain liquidity.
Our Vision
We believe that blockchain technology is improving through a network of cryptocurrency exchanges.
Bullswap team aims to be the innovator that’s leading the blockchain industry to the next generation with our decentralized exchange protocol. We will release the full potential of a DeFi exchange by our newest technologies.
We have launched Bullswap in the mission to support cryptocurrency market revolution. We hope that through our cutting-edge technologies, we will be able to boost the liquidity of overall market.
With your help, Bullswap will build a leading global DeFi exchange, powering the future of crypto finance.
Bullswap