Introduction to swapping on xebratrade AMM on movementlabsxyz Testnet Xebra Swap is a p2p system designed for exchanging cryptocurrencies on the Movement M2 chain. It leverages the automated market maker (AMM) model to facilitate seamless and efficient token swaps

Xebra Swap is a peer-to-peer system designed for exchanging cryptocurrencies on the Movement M2 chain. It leverages the automated market maker (AMM) model to facilitate seamless and efficient token swaps without the need for traditional order books. How It Works

Swapping Process: Users can sell their existing tokens for a proportional amount of the desired tokens. During this process, a small swap fee is deducted and distributed as incentives to liquidity providers.

Trading Fees: Whenever someone trades on Xebra Swap, a fixed fee is charged. For testnet/ devnet, fee obviously is zero.

Earning Fees: Liquidity providers earn a share of the trading fees generated from the swaps in the liquidity pool.

Price Impact: The final execution price of a swap is affected by the liquidity at different price points. Higher liquidity leads to lower price impact, while lower liquidity results in higher price impact.

Slippage: Users can set a slippage tolerance, which limits the acceptable price impact during a transaction. If the final execution price falls within this range, the transaction executes; otherwise, it fails.