SaturnSwap is a decentralized exchange (DEX) incorporated in the Cayman Islands in 2024 and focused on providing an efficient and secure trading platform for the Cardano blockchain. The platform uses a no-batcher order book model and is designed to provide a faster trading experience than traditional DEXs.
Core Functions and Mechanisms
1. No-Batcher Order Book The
core innovation of SaturnSwap lies in its no-batcher order book model. Traditional Cardano DEXs typically submit orders into a smart contract, which is progressively completed by a central batch processor in a matter of minutes. SaturnSwap, on the other hand, allows users to interact directly with smart contracts for instant transactions.
2. Liquidity Provision and User Smart Contracts
The platform uses users' own smart contracts to provide liquidity. Users deploy their own smart contracts and set limit orders within a specified price range. These orders are updated regularly to provide liquidity similar to that of an automated market maker (AMM) while maintaining the purity of the order book model.
3. Fee structure
SaturnSwap's trading fees include:
Market Orders (Taker): 0.03% fee paid.
Maker: -0.01% fee subsidy.
Liquidity Provider (LP) fees: Charged based on a percentage (0.3% to 1.5%) set at the time of pool creation.
Protocol fees: The platform charges 15% to 30% of liquidity provider fees as protocol fees.
4. Privacy & Data Collection
SaturnSwap emphasizes user privacy, and the platform does not collect personally identifiable information such as name, address, date of birth, email address, or IP address. Only publicly available blockchain data and limited off-chain data (such as device type, browser version, etc.) are collected for product improvement. Users can unsubscribe from email communications at any time.
Security &
ComplianceSaturnSwap's smart contracts have passed security audits, and the platform is designed with security in mind. However, due to the decentralized nature, users still need to manage their own private keys and wallet security. The platform does not require KYC (Know Your Customer) verification, lowering the barrier to entry.
Market Positioning & Development
ProspectSaturnSwap aims to become the leading decentralized exchange platform in the Cardano ecosystem. Through an innovative batchless order book model and user-owned liquidity provisioning mechanism, the platform provides a more efficient trading experience. As the Cardano ecosystem grows, SaturnSwap is expected to attract more users and developers, driving the adoption of decentralized finance (DeFi).
Neutral
EvaluationSaturnSwap introduces an innovative decentralized trading model on Cardano, providing faster transaction speeds and lower fees. Its batch-free order book and user-owned liquidity provision mechanism demonstrate the potential of decentralized exchanges. However, the platform's user base and transaction volume are still in the early stages of development, and future growth still depends on the activity of the community and the expansion of the ecosystem.
