July 31st, 2022

Stark Citizens,

In parallel to our Cairo audit with Nethermind, announced in May, we are beginning the roll-out of our Alpha Testnet, now available to all StarkNet users on Alpha Goerli at app.sithswap.com.

For SithSwap, this is an important dual-milestone and the culmination of months of development that deliver on our promised hybrid stableswap design, offering the following features:

  • Uniswap V2-like APIs for extreme ease of integration in 3rd-party contracts
  • Permissionless creation of stable and volatile markets with governable fees
  • Seamless trading across correlated and uncorrelated assets markets
  • Entire markets liquidity is always available for 0%-fees flash loans
  • no-upkeep, 30-minute TWAPs. Flash-loan resistant price feeds can be obtained directly from markets
  • Silo’ed LP trading fees allow for custom rewards mechanisms to be built atop single markets contracts
June 23rd, 2022

SithSwap raises $2.65M to deliver the next generation of AMMs on StarkNet, at the Ethereum frontier.

SithSwap, a next-generation automated market maker (AMM) on StarkNet, is delighted to announce its Seed Round led by Lemniscap, with participation from Big Brain Holdings, GSR, DWeb3 Capital, Ghaf Capital Partners, as well as angel investors Anthony Beaumont and Etienne Royole. The funding marks an entirely new phase in the development of SithSwap and has already allowed the project to turbocharge its team growth and development efforts targeted at becoming the foremost provider of decentralized trading services to other protocols and users already on the Starknet Alpha Mainnet.

SithSwap is backed by some of the world's leading crypto investors and builders
SithSwap is backed by some of the world's leading crypto investors and builders
May 4th, 2022

❖ Introducing reSITH

Before delving into reSITH and its raison d'être, it is useful recalling how the SithSwap tokenomics is designed to orbit around the SITH token: an ERC-20 reward and utility token.

At any time, SITH can be vote-escrowed (i.e. locked) in exchange for a veNFT (i.e. veSITH): a special tradable NFT token carrying a proportional amount of voting power relative to the underlying SITH tokens locked inside of it.

veSITH voting power is the sole kingmaker of the SithSwap AMM, able to capture a proportional share of its weekly trading fees, as well as decide on the incentivization of specific trading pairs as well as on any 3rd-party fungible token rewards that may be posted up by external protocols and users to compound the native protocol emissions and further incentivize selected pairs.

March 17th, 2022

❖ Introducing SithSwap

We are thrilled to announce the emergence of SithSwap from stealth. Our resolve is absolute in building out the next generation of DeFi at the final frontier of Ethereum, powered by the groundbreaking L2 technology pioneered by Starkware.

The Sith will be implacable!