Introduction to Panoptis-Swap

panoptis-swap is a decentralized exchange (DEX) protocol that allows for two-sided AMMs combining concentrated and panoptis constant-product liquidity on any arbitrary pair of blockchain assets.

Panoptis-Swapruns the entire DEX inside a single smart contract, where individual AMM pools are lightweight data structures instead of separate smart contracts. This and other design decisions makes Panoptis-Swapthe most efficient Ethereum-based DEX in existence.

A hosted version of the Panoptis-Swapfrontend is available here 

Advantages

Panoptis-Swap is developed as an entirely new codebase with best engineering practices and innovative smart contract architecture choices in mind. This gives it a number of core advantages over competing DEXs:

• Substantial gas savings compared to other leading DEXs
• Combines concentrated (i.e. “UniV3 style”), panoptis (i.e. “UniV2 style”), and knockout liquidity (behaves like limit orders which atomically fill and lock in a position in a single direction) within the same pool all on a single liquidity curve.
• Dynamically adjusted pool fees, maximizing LP returns relative to market conditions and demand for liquidity.
• Fees accumulated by concentrated LP positions auto re-invest back into the pool as panoptis liquidity. Users earn compounded even without manually harvesting positions.
• JIT (just-in-time) liquidity attacks are prevented through the use of minimum TTL parameters on concentrated liquidity positions. Ordinary LP positions therefore earn higher fees.
• Ability for users to pre-fund tokens at the DEX in the form of “surplus collateral”. Much higher efficiency for active traders by deferring token transfers to net settlement.
• “Gasless” transactions, where the user pays in the swapped token instead gas, through EIP-712 off-chain standard.
• Unique support for “permissioned pool” primitive where the ability to govern and restrict a pool can be offloaded to general purpose smart contract oracles running inside or outside the protocol.