Switcheo Launches Zilswap

Switcheo launches Zilswap, a decentralized trading platform powered by the Zilliqa blockchain.The Switcheo team announced on their blog that they have created and launched Zilswap, a decentralized cryptocurrency exchange (DEX) powered by Zilliqa that will allow users to trade digital assets on the Zilliqa blockchain for the first time.

Zilswap was built from the ground up by Switcheo developers using a permanent automatic product market maker based on an unlicensed liquidity agreement similar to Uniswap.

Users can directly trade ZIL or ZRC tokens on the Zilliqa blockchain from their wallets, or add their tokens to the liquidity pool to passively earn money as a market maker.