BrownFi AMM testnet is released on Starknet-Sepolia. You may enjoy super-low slippage and high capital efficiency (100x better Uniswap V2), very simple UX. Our AMM is implemented by Cairo, the native smartcontract language of Starknet.
Faucet ETH, STRK
To test BrownFi AMM, you need ETH or STRK tokens, faucet at
Wallet connect
Using Braavos or ArgentX wallets to connect with the BrownFi AMM dapp on Sepolia testnet
Swap on BrownFi AMM testnet
Your balance on corresponding paying side must be positive. You may enter the amount you wish to pay, or receive. Try with small amount to avoid exceeding liquidity.
After signing the transaction on the wallet extension, just wait a moment for confirmation. Bingo, it’s done
Liquidity provision on BrownFi AMM
Providing liquidity on BrownFi AMM is simple as doing on Uniswap V2. Click Pool, then New Position
Enter your expected amount of ETH (or STRK), the other amount is automatically calculated in correspondence. Then Approve and Sign on wallet extension popup. Wait a while to click Add, then Confirm, and Sign one more time on wallet extension popup. Check your complete transaction on wallet activities and Starkscan.
Capital efficiency & slippage
In this TX, the swap drew out 50% of ETH reserve but slippage (aka price impact) was 0.65% incredibly low. The same trade drawing 50% pool reserve on Uniswap V2 would imply a price impact 100%, i.e. the trade price would be doubled or halved.
This swap drew out 83% of ETH reserve but slippage was 0.8%, incredibly high capital efficiency. BrownFi AMM is going to boost liquidity (100x better than Uniswap V2 and the likes) on Starknet, thank to our innovative PLOB model.
BrownFi AMM fills the gap between Uniswap V2 and V3, offering a complementary solution to unlock high capital efficiency with flexible market making strategies and UX simplicity. Imagine that $1M liquidity on BrownFi AMM is equivalent to $100M liquidity on Uniswap V2. Thus, BrownFi AMM fits liquidity-boosting demand of new ecosystems and new tokens with very limited capital.
Readers refer to a conceptual introduction of BrownFi.