Slinky Exchange
Last updated
Last updated
Slinky Exchange is a v3 Automated Market Maker (AMM) that serves as the central liquidity hub for Slinky Micro AI tokens. This exchange is designed not only to facilitate smooth and efficient trading but also to ensure sustained liquidity for all tokenized Micro AI dApps created on our platform. The Slinky Exchange is deployed across all networks supported by the Slinky Network, enhancing its reach and ensuring seamless trading experiences across diverse blockchain environments.
The world of AI is transitioning rapidly, with new models and use cases emerging at the speed of light. To keep up with this rapid innovation, the Slinky Exchange lists Micro AI dApp Tokens representing the corresponding MicroAI dApps. Owning these tokens grants users exclusive access to operate the dApps and utilize the functionalities provided. Each dApp on our platform is inherently permissionless and designed to respect user privacy, not collecting any data. Thus, possessing the tokens is the sole requirement for accessing the AI utilities. Users can enjoy the flexibility to move between different MicroAI dApps as advancements occur or interests shift, with the assurance that they can enter and exit their positions smoothly.
When a new AI dApp is created on the Slinky Network, it comes with a predefined token supply strategy—specifically, a fixed supply of 1 billion tokens. This consistency helps maintain a uniform approach across all dApps on the network. Creators get to choose a base asset against which their dApp's tokens will be traded, after which all 1 billion tokens are minted.
However, not all these tokens go straight into circulation. Based on the Slinky dApp Model (template) used to create the MicroAI dApp, a portion of tokens which may be reserved for rewards is subtracted, and the rest is added as liquidity on the bonding curve. This setup creates what we call single-sided liquidity, where the tokens themselves are the primary sell-side asset. No base assets are initially required from the dApp creator; instead, base assets are gathered from ongoing trades. A minimal fee of 0.5% is levied on all trades by the Slinky Exchange.
Key functionalities of the Slinky Exchange include:
Dynamic Liquidity Provision: At the heart of the Slinky Exchange's design is the mechanism that captures liquidity from user trades and automatically adjusts price to accommodate further transactions. This ensures that there is always sufficient liquidity available, enhancing the confidence of both new buyers and sellers.
Counterparty to All Trades: The Slinky Exchange acts as the counterparty for all trades, using the accumulated pool of assets to facilitate transactions. This model alleviates concerns about finding a buyer or a seller by instantly executing the order.
