Zilswap is Zilliqa’s first DEX, built by Switcheo, a high-performance, scalable public blockchain platform based in Singapore.

As the newest addition to the Zilliqa’s ecosystem, Zilswap will be at the core of Zilliqa’s push into the decentralized finance (DeFi) space by allowing users to trade digital assets on the Zilliqa blockchain for the first time.

Built from the ground up by Switcheo developers, Zilswap uses a constant product automated market maker on top of a permissionless liquidity protocol, similar to Uniswap. Users can trade ZIL or ZRC tokens directly on the Zilliqa blockchain from their wallets, or add tokens they are holding to a liquidity pool to passively earn as market makers.