10KSwap(10kswap.com), being built on StarkNet, is an AMM protocol that advances with Ethereum. 10K aims to revolutionize the performance of the AMM protocol by leveraging the rollup feature, bringing lower fees, less friction, and ultimately better liquidity to the L2 world and advance DeFi adoption.

10KSwap is the first open source AMM deployed on StarkNet Mainnet. We trust Ethereum and StarkNet, which represents the most advanced rollup trend. With its unique Cairo-VM giving developers a new development option, higher TPS and a computational cost that can be ignored. We believe AMM will be the most direct beneficiary of these two features.

With Cairo-VM, the gas cost required to perform calculation is much lower than for state updates, and on top of this we will increase the appropriate amount of calculation to reduce the number of state updates, continue to improve contract performance, and further reduce gas costs. Ensuring that 10K brings users a lightning-fast trading experience while enjoying the security of broad consensus - that's what every DeFi user wants to see, and we look forward to exploring this magical starfield with the pioneers on StarkNet.

10KSwap has adopted an immutable scheme where the protocol does not serve centralized interests. When it is fully delivered by the creator, the power is left to the community. It is a reflection of the spirit of decentralization, and our desire to work with users to make the impossible triangle possible.

10KSwap is currently live with the ETH/USDC pair and 10K Pool will be live in the near future. In subsequent developments, we will continue to explore the potential of zk-tech to develop an AMM that is more LP friendly and allows for finer control of liquidity distribution.

The key technology is how to use Cairo to develop the "Rich Convex Function", and we will bring the results to the community. All the development process is open source and available as reference material, hoping to motivate more Dapp developers to inspire them to get involved in the L2 ecosystem and build DeFi. The following three products will be brought to the community.

1). A summary tutorial related to development.

2). A more generic and accessible development scaffolding.

3). SDK and DeFi contract libraries to facilitate dapp development.

I still remember the elation and excitement of seeing AMM for the first time and hope that 10KSwap will bring you the same feeling.

I also remember the predicament DeFi is facing in mid-2020 and hope that 10KSwap can work with you to get out of it.

This is the end of this article, but the beginning of a new L2 era for DeFi, LFG with 10KSwap!