Baptswap is a Decentralized Exchange (DEX) operating on the Aptos Network, enabling peer-to-peer cryptocurrency exchanges without the need for trusted intermediaries. It is unique in its support for fee-on-transfer solutions within a MOVE-based blockchain environment.

Secure and Permissionless: Designed for open access without restrictions based on geography, wealth, or status.

Innovative Use of MOVE: The first and only protocol on MOVE-based blockchains to offer EVM-like features with the flexibility of the MOVE language.

Versioning: Baptswap has evolved from V1 to V2, with V1 now discontinued. V2 operates with 100% uptime, dependent on the Aptos Network's continuity.

• Difference from Order Books: Unlike central limit order book-based exchanges, Baptswap uses an AMM model. This replaces buy and sell orders with a liquidity pool of two assets, dynamically determining market rates as assets are traded.
• Direct Trading with the Pool: Traders interact directly with the liquidity pool rather than individual orders.
• Research and Development: The AMM model's advantages and disadvantages are the subject of ongoing research and innovation.

• Open Access: Baptswap's design ensures unrestricted public use, allowing anyone to swap, provide liquidity, or create markets.
• Immutable Design: The protocol operates without the possibility of pausing contracts, reversing trades, or altering its behavior.
• Governance and Fee Structure: The upcoming Baptswap Governance will have the authority to modify swap fees, with limits set between 0% and 0.9% to prevent abuse.

For insights on how Baptswap stands out among other AMMs on Aptos, visit Baptswap's Unique Features.

Discover the new features and improvements in V2 that refine the AMM design on the V2 Concepts Page.

To delve into the economics of AMMs, game theory, and optimization, keep an eye on our upcoming Research Page (Coming Soon).