TurtleSwap
TurtleSwap: A decentralized exchange where only market orders are allowed, leveling the playing field for all traders. Prices fetched from Chainlink ensure fairness. Slow and steady wins the race! 🐢 #DeFi #DEX #Chainlink
Project Description
TurtleSwap is a decentralized exchange (DEX) that prioritizes fairness. Unlike traditional exchanges, it only accepts market orders, simplifying trading. It relies on Chainlink price oracles for market prices, ensuring trades are only ever executed at fair value.
TurtleSwap operates on the principle that market makers (MMs) act as middlemen who only participate when it benefits them; typically, they are there to act in times of price and time mismatches. Unlike traditional exchanges where MMs play a dominant role, TurtleSwap's design mitigates their influence, promoting a more democratic trading environment involving genuine participants only.
In essence, TurtleSwap offers a new approach to decentralized trading, emphasizing fairness and simplicity. By leveraging Chainlink oracles and minimizing market maker influence, it aims to revolutionize DeFi trading.
How it's Made
Solidity: TurtleSwap's smart contracts are written in Solidity.
Chainlink Price Oracle: The core of TurtleSwap's pricing mechanism relies on Chainlink's decentralized oracle network.
ERC-20 Tokens: TurtleSwap supports trading for ERC-20 tokens, which are fungible tokens standardized on the Ethereum blockchain.
