The cryptocurrency and financial markets both depend on liquidity. It is a process that swiftly and effectively turns assets into cash while preventing sharp price fluctuations. It takes a long time to convert an asset to cash if it is illiquid. Slippage, or the discrepancy between the amount you wanted to sell an item for and the price it was sold for, is another possibility.
A key aspect of constructing a liquid decentralized finance (DeFi) system is liquidity pools. The role of Scuti in this project is to use Acala Blockchain to create liquidity pool tokens and swap tokens.
– Create a liquidity pool token on the Acala blockchain
– Swap tokens on the Acala blockchain
– Swap or provide liquidity on the Acala blockchain
– Fork on Uniswap
– It is a peer-to-peer1 system designed for exchanging cryptocurrencies (ERC-20 Tokens) on the Acala blockchain. The protocol is implemented as a set of persistent, non-upgradable smart contracts; designed to prioritize censorship resistance, security, and self-custody, and to function without any trusted intermediaries who may selectively restrict access.