ExinSwap
  • ExinSwap
  • Languages
  • English
    • Getting Started
    • DeFi
    • Algorithm
    • Protocol
    • Account
    • Wallet
    • Trading
    • Security
    • Privacy
    • Fees
    • Others
    • Contact
  • 中文
    • 入门
    • DeFi
    • 算法
    • 协议
    • 账号
    • 钱包
    • 交易
    • 安全
    • 隐私
    • 费用
    • 其他
    • 联系
Powered by GitBook
On this page
  • Liquidity
  • Redemption Price
  • Impermanent loss
  • Automatically refund
  • LP Token
  • LP Token lists
  • Revenue distribution
  • Route

Was this helpful?

  1. English

Trading

Liquidity

Liquidity is the number of pairs of two cryptocurrencies in the pool, X and Y. The engine maintains a tradable curve with a function X x Y = K. The exchange cryptos does not change the value of K, regardless of the exchange fee. Both the commission generated by the exchange and the additional liquidity injected will make K larger, and liquidity must be injected in both cryptocurrencies at the same time.

The first time a pool injects liquidity, the injection ratio, i.e. the pricing, can be customized and the engine will withhold 0.00000001 of the liquidity that remains in the pool permanently to ensure that the pool is not drawn down and the price is reset; subsequent liquidity injections must be proportional to the pool at the time, and deviations of more than 1% will be withdrawn by the engine for a refund.

The source of revenue for providing liquidity is primarily the redemption fee, which remains in the pool and grows the pool's liquidity depth as a result of a steady stream of transactions.

Redemption Price

The exchange price is determined solely by the depth of the pool and the number of orders placed.

The price of the pair changes over time as the transaction progresses. The problem is that when the engine processes your order, the price may not be the same as it was when the order was placed, and if there is a large deviation, it will be filled at a price that is very different from the expected one. To avoid this situation, ExinSwap has a mechanism to determine the slippage of transactions, and supports custom configuration. When placing an order, a minimum purchase amount will be submitted at the same time, and if the amount of coins bought is less than this amount, the order will be cancelled and refunded.

Impermanent loss

Impermanent loss, also known as non-permanent loss and temporary loss.

Users provide liquidity to the platform and there is a risk of loss, known as impermanent loss. Due to the design mechanism of the Automated Market Maker (AMM), the AMM platform may not be able to change prices automatically when external prices change without the intervention of an arbitrageur. External arbitrageurs profit from the spread between the platform and external exchanges. At the same time, the user, who provides liquidity to the platform, suffers a loss.

Once this happens, users have no incentive to participate because they were hoping to make a profit, but they lose money because of the spread. As a result, they lose money by providing liquidity on an automated market maker platform when they could have made greater profits on a centralized exchange.

Automatically refund

When you provide liquidity in ExinSwap, if only one crypto is deposited by mistake, ExinSwap will cancel the order and give you a refund after "5 minutes". The returned crypto is automatically refunded into your Mixin wallet.

In addition, when you provide liquidity and both cryptocurrencies are deposited, it is also possible to return excess cryptocurrencies on a pro-rata basis.

LP Token

LP Token mainly refers to the certificate of a liquid market maker, which is a market making Token issued by the DEX decentralized trading system to market makers, and can also be understood as the equity share of a certain token.

LP Token lists

Symbol
Mixin Snapshots

USDT-XIN

WGT-XIN

USDT-WGT

USDT-EOS

EOS-BTC

USDT-BTC

ETH-USDT

BTC-XIN

ETH-XIN

EOS-XIN

USDT-BOX

ETH-BTC

pUSD-USDT

pUSD-BTC

pUSD-XIN

pUSD-MOB

pUSD-ETH

pUSD-EOS

pUSD-BOX

XIN-MOB

ETH-EOS

BTC-MOB

BTC-BOX

DOT-XIN

DOT-BTC

pUSD-DOT

pUSD-UNI

UNI-BTC

UNI-XIN

ONE-XIN

ONE-BTC

ONE-pUSD

PRS-XIN

PRS-BTC

pUSD-PRS

pUSD-VCASH

VCASH-BTC

VCASH-XIN

pUSD-DOGE

DOGE-BTC

DOGE-XIN

GRIN-pUSD

GRIN-BTC

GRIN-XIN

USDT-USDT

USDT-USDT

PRS-BOX

CANDYBOX-pUSD

CANDYBOX-XIN

CANDYBOX-BTC

FIL-pUSD

FIL-XIN

FIL-BTC

BNB-pUSD

BNB-XIN

BNB-BTC

XRP-pUSD

XRP-XIN

XRP-BTC

pUSD-LTC

LTC-XIN

LTC-BTC

pUSD-LINK

XIN-LINK

BTC-LINK

pUSD-ZEN

ZEN-XIN

ZEN-BTC

pUSD-BCH

XIN-BCH

BTC-BCH

TRX-pUSD

TRX-XIN

TRX-BTC

pUSD-BTT

BTT-XIN

BTT-BTC

pUSD-XLM

XLM-XIN

XLM-BTC

pUSD-USDC

WBTC-BTC

SOL-XIN

SOL-BTC

pUSD-SHIB

XIN-SHIB

BTC-SHIB

DOGE-SHIB

ETH-SOL

pUSD-RUM

RUM-XIN

RUM-BTC

Revenue distribution

The fees received go directly to the pool, and the LP Token represents the equity in the pool. In simple terms, your LP Token equity increases and is worth more coins, and the additional fees is earned.

Route

The Route function is simply the best route to convert any cryptocurrency, even if the pair is not available at the time of liquidity deposit.

For example, currently ExinSwap does not have a WGT-EOS pair, but you can convert WGT to EOS, and the execution of the transaction will automatically find the best route, for example, the current exchange route to convert WGT to EOS is: WGT->USDT, USDT-> EOS, that is, uses USDT as a transit. The actual conversion path for converting A to B can be more complicated than this.

PreviousWalletNextSecurity

Last updated 2 years ago

Was this helpful?

Take USDT-XIN trading pair as an example, its corresponding LP Token is called "USDT-XIN", or "USDT(Ether)-XIN(Ether) LP Token", the Asset ID on Mixin Network is e2e4e54a-92f4-3677-ba57-f2555d7cb019. You can view LP Token's transaction history in .

Mixin Snapshots
https://mixin.one/snapshots/e2e4e54a-92f4-3677-ba57-f2555d7cb019
https://mixin.one/snapshots/aabef1ca-9be4-379d-99f2-f4819618f91d
https://mixin.one/snapshots/7b55bf4e-3f37-3cfa-bca5-3d30d72ab820
https://mixin.one/snapshots/41924e79-7e48-3851-9c79-0872fb26a159
https://mixin.one/snapshots/25f7e774-0a2b-3834-9cd7-a46515cb66f9
https://mixin.one/snapshots/f40f957b-c691-3809-9966-2629a56787be
https://mixin.one/snapshots/71c398f1-6ec3-3d64-ba55-109cca0882b0
https://mixin.one/snapshots/b55d67e3-58ba-3fb4-b942-714bc615f942
https://mixin.one/snapshots/05b25986-f336-38c6-be70-11e48c1752f1
https://mixin.one/snapshots/1aa8d937-5981-3fe5-98a4-40cd54143e30
https://mixin.one/snapshots/d1729fae-f687-3e6f-87fc-f8bde9680b36
https://mixin.one/snapshots/474eed00-0478-3c11-ab0f-41141f293301
https://mixin.one/snapshots/1fb10228-3bec-32c4-a030-ec82c3e32f28
https://mixin.one/snapshots/c2c3e725-433b-34c6-930b-70a6de8e841d
https://mixin.one/snapshots/6f560a76-db1f-305d-9bcf-b3ddeec83323
https://mixin.one/snapshots/e526c8d7-f9dd-3996-8ce8-92303d8a59b5
https://mixin.one/snapshots/b24aaa7b-d5a3-34da-b622-85c672e9581e
https://mixin.one/snapshots/e5b755c2-d0d3-3796-bc7f-e083a6956b82
https://mixin.one/snapshots/a76f92d0-7eeb-3233-99bb-00baefb31f35
https://mixin.one/snapshots/ab723c58-79bf-35c2-8ac7-f79c5a778e7f
https://mixin.one/snapshots/2ffb8081-52bc-3d4f-8a94-44e777c3d6e5
https://mixin.one/snapshots/567bc8c5-29c6-36cd-900a-046b3236e283
https://mixin.one/snapshots/d1ba6d97-964c-3d99-85ee-d85e363f7f9e
https://mixin.one/snapshots/5a1c84d7-db79-3b06-bafb-598a07e1c0b1
https://mixin.one/snapshots/84b8951d-a38f-3e6c-b92b-89659af3cd34
https://mixin.one/snapshots/f2b36161-4273-37be-8e4a-b73e43ea2383
https://mixin.one/snapshots/85fb5745-22f8-3b6b-9ee8-179acb7a5b1e
https://mixin.one/snapshots/806932cc-c3a8-33c5-bfe0-17e608d4e1a0
https://mixin.one/snapshots/3cffc512-bc3a-3687-8368-bfca69876f81
https://mixin.one/snapshots/a8908a41-dea7-3356-871f-2e4fb3d487b3
https://mixin.one/snapshots/ff9235ca-6a38-3c2f-9a04-f55457cd6f3f
https://mixin.one/snapshots/79010775-1333-33f0-89a5-c376140f6211
https://mixin.one/snapshots/8b5c387c-37cc-3c85-966a-15a574f0d668
https://mixin.one/snapshots/0c477d1f-4e63-369b-8d9b-9333abac480e
https://mixin.one/snapshots/036ccca9-7d6a-3220-a7a3-b8440c425732
https://mixin.one/snapshots/51769d00-fd56-3a93-a4bb-d3f69e4d78e5
https://mixin.one/snapshots/71442da9-0af3-394b-8721-ac6c4a86c882
https://mixin.one/snapshots/6d4ec425-2e72-34be-848a-d2061467bd9c
https://mixin.one/snapshots/223b94ef-fd9f-355e-82c2-3065abc4bcea
https://mixin.one/snapshots/1923c2bf-5187-3fba-a700-3d4347c4c4ba
https://mixin.one/snapshots/e917fa6b-67df-391f-8579-ca5b57b19c48
https://mixin.one/snapshots/483b073d-f5c2-38fb-b592-2bd58f531c18
https://mixin.one/snapshots/bf68ffbf-8db9-3cd1-8d3c-449b78da135d
https://mixin.one/snapshots/eaeda206-7774-3d92-a880-cefe655e2065
https://mixin.one/snapshots/0e3f6682-1fcd-383c-98ca-18ce564d25aa
https://mixin.one/snapshots/847acd9c-f373-39b6-9f9e-ac2b421cecaa
https://mixin.one/snapshots/ab2926f6-db93-3fe5-a96d-47b3ce30fe35
https://mixin.one/snapshots/3ccb52b8-8f86-3fc5-a46f-88d501682de6
https://mixin.one/snapshots/aef43bc0-4185-3316-836f-5604d8e021ab
https://mixin.one/snapshots/60ce16a8-8a75-30eb-98c2-c5f8f8111815
https://mixin.one/snapshots/2300d0d5-a194-3379-81de-5804c58cb1b8
https://mixin.one/snapshots/ce3f9d06-a16f-3006-8fa1-55c73da8ddfb
https://mixin.one/snapshots/064c506d-b4ae-3571-a117-22e94d1ea2e8
https://mixin.one/snapshots/7365053f-1250-3198-ba54-46e8f31bf1dd
https://mixin.one/snapshots/6c23aea7-df88-3ac8-98a4-11447aa1cca5
https://mixin.one/snapshots/50f7dcfc-d148-318c-8482-84d27c46b253
https://mixin.one/snapshots/ef6185ec-da16-39ae-b57c-07388219c6c4
https://mixin.one/snapshots/15bac9ce-635c-3cac-9dc1-52d140a7b843
https://mixin.one/snapshots/4443999d-e287-3fee-897d-380e06da8649
https://mixin.one/snapshots/df627b61-8295-3566-997b-223f88c9fa45
https://mixin.one/snapshots/6f12a7c8-e0f3-38b8-963c-2c52eb69d472
https://mixin.one/snapshots/94c27403-243e-3d4d-a98a-703c9760a5eb
https://mixin.one/snapshots/3321b862-e94d-3878-aa92-19a9b9ee13f4
https://mixin.one/snapshots/a016beb0-063c-34b9-adaf-7e37c05e2585
https://mixin.one/snapshots/99755937-77dd-3981-8f07-d7103c9e85ad
https://mixin.one/snapshots/16e2bd80-1066-340e-a267-60444051b12c
https://mixin.one/snapshots/c5e9cde6-c67d-3563-a2cd-9bd2b974dcf4
https://mixin.one/snapshots/6879913c-ac46-3a49-8ad5-ed93a4429c67
https://mixin.one/snapshots/4fc197d7-92df-39e9-a6dd-2550c61cce57
https://mixin.one/snapshots/aa83a4f8-f274-3a22-8c73-1cd8894f61d8
https://mixin.one/snapshots/57e3f801-3c9c-351c-858f-039693495b41
https://mixin.one/snapshots/a6bebe2a-068d-33f0-a305-3ad0c600ba74
https://mixin.one/snapshots/adf44840-924d-3fd7-846b-c4e8cd05bc9a
https://mixin.one/snapshots/5d680c1b-6163-3d06-a969-e0225cd659c7
https://mixin.one/snapshots/2c1fe286-63c9-3468-b795-8e38dfa70dbd
https://mixin.one/snapshots/7c962663-fdfe-38e7-9538-b89bbf67dc3a
https://mixin.one/snapshots/9444bc53-5c72-385d-b598-2f66efbbaeef
https://mixin.one/snapshots/1cbaaaae-e9b8-3c83-9c5a-02afbca05654
https://mixin.one/snapshots/151afc99-3423-37d2-af94-d117a01b3388
https://mixin.one/snapshots/fa2fd3eb-4659-3158-9762-9fa319221c13
https://mixin.one/snapshots/81e49970-81c6-3e77-8b38-5619e71013d5
https://mixin.one/snapshots/5687ab8d-de4c-3694-9560-6a28e482582b
https://mixin.one/snapshots/0c264592-a77d-3335-bc23-743aad587a48
https://mixin.one/snapshots/16493ea6-7ce3-3ac8-9028-0adce2ddccb7
https://mixin.one/snapshots/240f0190-5ba4-31fe-80ee-a9be54b9ac90
https://mixin.one/snapshots/24cc1e18-6521-3321-b0a0-a5f965f38a3a
https://mixin.one/snapshots/c01cd57f-add2-3fa9-ba76-6ca8cc5b9234
https://mixin.one/snapshots/c92c5315-5e96-34aa-9a77-f0f0a59ed336
https://mixin.one/snapshots/7a7d71d3-0c3c-3d41-a9a0-a89e0b9d5e06
https://mixin.one/snapshots/6f8eaff9-4ebf-32a8-8e22-68058f0ae916
https://mixin.one/snapshots/07ba3b28-2ee8-3b2d-b013-79b9084d5531
https://mixin.one/snapshots/28218722-4fb4-344a-9fdb-0bcc72179658