June 24, 2021

Secret Network’s cross-chain AMM swap network now live

2 min read

CryptoNinjas” Secret Network’s cross-chain AMM swap network now live

Secret Network, a blockchain offering data privacy by default, today announced the mainnet launch of SecretSwap, the community’s very first AMM (automated market maker).

SecretSwap permits users to trade any secret token for any other. It works like Uniswap or SushiSwap, however with lower expenses and greater user security. For example, since smart agreements on Secret Network have actually secured inputs, outputs, and state, miners are unable to front-run any orders sent to the AMM.

Tokens that users purchase on SecretSwap can be moved with privacy on Secret Network, used in other Secret Apps, or sent out over bridges back to native chains (including Ethereum). Network costs for interacting with SecretSwap are paid in the native SCRT token, like all other secret contracts.

Secret Tokens The fungible tokens native to Secret Network are personal by default, and they can represent any native or off-chain possession (consisting of Ethereum assets, thanks to the Secret Ethereum Bridge).

On Secret Network, all users gain from personal privacy network impacts; the more use there is of Secret Apps, the more security users acquire.

SecretSwap presently supports any secret token, including all the tokens supported by the Secret Ethereum Bridge. This consists of secret versions of: ETH, YFI, LINK, WBTC, OCEAN, RSR, UNI, SUSHI, DAI, USDT, USDC, AAVE, BAND, MKR, DPI, TUSD, BAC, SNX, COMP, and KNC.

Over 1,500 addresses have already utilized the Secret Ethereum Bridge to create secret token versions of

their ETH assets. Roadmap As more

bridges are built in the Secret ecosystem (including combination of IBC), SecretSwap intends to end up being a cross-chain, privacy-first, front-running resistant liquidity hub.

CryptoNinjas” Secret Network’s cross-chain AMM swap network now live