AlvoSwap aims to function as a decentralized exchange (DEX) that utilizes a concentrated-liquidity automated market maker (AMM) combined with a cross-chain messaging layer, seeking to provide a unified liquidity layer across multiple blockchain networks. It intends to allow liquidity providers to deposit funds on their native chain while enabling traders to execute orders that atomically mint or burn liquidity shards on other chains. [2] [3]
AlvoSwap is a decentralized exchange that enables seamless, trust-minimized swaps across multiple blockchains without using custodial bridges or wrapped tokens. It combines a next-generation concentrated liquidity AMM with LayerZero's cross-chain messaging and zk-proof relays. Liquidity providers can deposit once on their native chain and support trading activity across others. This setup creates a unified liquidity layer that spans ecosystems like Ethereum, Solana, BNB Chain, TON, and Bitcoin’s Taproot assets.
Instead of locking funds in bridges or relying on IOUs, AlvoSwap uses lightweight messages to coordinate trades and liquidity between chains. For users, the experience is as simple as a standard swap—no juggling wallets, RPCs, or waiting for long confirmations. Trades settle in seconds, and execution is designed to resist MEV and minimize slippage. AlvoSwap treats fragmented blockchains as a single trading surface, solving key problems in today’s multichain DeFi landscape. [1] [2]
AlvoSwap’s Core AMM Engine is a concentrated-liquidity market maker inspired by Uniswap v3 but extended with features that increase efficiency and cross-chain functionality. It introduces adaptive tick-spacing based on real-time on-chain volatility, allowing pools to adjust dynamically without being redeployed. Token balances are held in ERC-4626 vaults while the AMM operates on virtual reserves, isolating deposit risks from trading mechanics and enabling efficient rebalancing. Trades use a dual-curve system: a constant-product curve for standard execution and a stable-swap sub-curve to minimize slippage on correlated assets when price impact exceeds 0.3%. Liquidity providers receive ERC-1155 NFTs encoding their position details and can claim both fees and cross-chain relayer rewards in a single transaction.
The engine supports variable fees (0.01%–1%) with 80% distributed to LPs and 20% sent to the DAO treasury. A governance-controlled fee controller adjusts ranges in response to market volatility. Every swap updates a manipulation-resistant TWAP oracle, offering secure and low-cost price feeds. Gas efficiency is achieved through inline assembly, compressed tick maps, and minimal storage usage. Users can mint liquidity using ERC-2612 permits, reducing transaction steps. Core pools are deployed via upgradeable proxies, with governance-enabled upgrades requiring a DAO vote and time delay. These features make the AMM fast, flexible, and well-suited for unified liquidity across multiple chains. [1]
AlvoSwap’s Cross-Chain Engine (CCE) is the infrastructure that enables unified liquidity and seamless swaps across multiple blockchains without using traditional bridges or wrapped assets. It connects the Core AMM to a trust-minimized messaging layer built on LayerZero V2, incorporating zk-proof relayers for independent validation. Rather than locking assets in custodial bridges, the system uses a Canonical Vault on Ethereum and Satellite Pools on chains like BNB, Solana, TON, and Bitcoin Taproot. These pools track virtual balances that mirror Ethereum’s reserves. When a user initiates a cross-chain swap, the input tokens are locked on the origin chain, a zk-verified message is relayed, and the corresponding output is released on the destination chain. No new tokens are minted, and no custodial risk is introduced.
A decentralized Path Oracle continuously calculates optimal swap routes based on gas costs, bridge fees, and pool liquidity. The Router selects a direct chain-to-chain path or a multi-hop route through Ethereum for cost efficiency. Users only pay gas fees on the source chain, while a DAO-funded stipend covers destination-chain relayer fees. For faster execution, users can add a relayer tip. The CCE supports major networks at launch, including Ethereum, BNB Chain, Solana, TON, and Taproot Bitcoin, with others like Arbitrum and Polygon zkEVM in testing. Developers can integrate cross-chain swaps via a TypeScript/Rust SDK, on-chain callbacks, and an indexed Subgraph for tracking performance metrics. [1] [2]
AlvoSwap’s token economy is designed around a distribution-only model with no inflation or emissions. The ALVO token has a fixed maximum supply and does not offer yield farming or rewards. Instead, value flows from actual product usage: 20% of all swap fees go directly to the DAO treasury. These funds are used for audits, grants, and liquidity programs—each disbursement governed by veALVO token holders. This minimalist approach avoids speculative incentives and ensures long-term alignment between the platform’s usage and community.
The ALVO token itself is solely a governance asset. It doesn’t provide revenue sharing or financial rewards—its utility is confined to proposal submission and voting within the protocol’s governance system. Token allocations are transparently managed through time-locked, audited smart contracts requiring DAO approval. By removing financial promises and focusing on governance, the model aims for regulatory clarity and shifts the community’s focus toward building useful, sustainable infrastructure rather than chasing yield. [1] [2]
ALVO has a total supply of 10B and has the following allocation: [1]
编辑者
编辑日期
May 15, 2025
编辑原因:
Republishing AlvoSwap wiki with updated content and embedded videos.