🤖AMM

Dual-liquidity model

Introducing Lancelot's Automated Market Maker (AMM), a simple, efficient, secure, and economical solution to swap one ERC-20 token for another through our automated liquidity pools on Base Network. Enjoy seamless trading on Lancelot DEX, with the assurance that total control of your assets is in your hands and your transactions are protected.

Swapping tokens on Lancelot DEX is as smooth as a knight's parry. Follow these straightforward steps:

1. Ensure your navigation is set to the Base network, then link your wallet to Lancelot.

2. Select the token you wish to swap from the dropdown list at the top. This token should be present in the connected wallet.

3. Choose the token you want to obtain in exchange for your selected token.

4. Ensure the predetermined slippage amount is correct, bearing in mind this may vary from token to token.

5. Newcomers to specific token trading on Lancelot DEX need to activate the token by hitting the "enable" button and authorizing the transaction in their wallet.

6. Click "Swap" to finalize the choice and then validate the transaction in your wallet.

To guarantee sufficient liquidity for a streamlined trading experience, we encourage investors to supply liquidity.

Our incentive? A substantial share from the 0.3% trading fee paid to them whenever tokens are swapped on Lancelot. The fee distribution works as follows:

• 0.15% is redistributed to liquidity pools as a reward for liquidity providers;

• 0.075% is shared as dividends among xLAKE holders;

• 0.03% is utilized to repurchase LAKE tokens;

• 0.03% is directed to the Development fund.

At the heart of Lancelot's ecosystem-inspired approach lies our Automated Market Maker (AMM). It has been designed keeping the following principles in mind:

• Ensuring unrivaled flexibility and customization

• Promoting optimal trading efficiency for users

• Aiding the growth of protocols by adapting to their unique needs

These considerations have led to the creation of our exclusive AMM for Lancelot DEX, which integrates a dual-liquidity model for our trading pairs and introduces dynamic directional fees. Additionally, it incorporates a swap referral mechanism for partnering applications, highlighting Lancelot's commitment to symbiotic partnerships and growth within the Base L2 ecosystem.