# Xebra

By [Borisov0031](https://paragraph.com/@borisov0031) · 2024-10-09

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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.

Xebra is a secure, capital efficient Leverage Protocol built on MVM.

Engage in Movement's Incentivized Testnet Campaign with Xebra.

New Move L1s have seen growing developer interest but have failed at migrating whale EVM liquidity due to: > Lack of foundational DeFi products being already present > Inferior bridging UX, new wallets etc. for users to download Movement’s seamless cross-vm communication and backward compatibility with base networks also enables superior liquidity sharing

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*Originally published on [Borisov0031](https://paragraph.com/@borisov0031/xebra)*