# JediSwap | Research By [outsider](https://paragraph.com/@outsiderr) ยท 2023-04-22 --- ### Table of contents: * Introduction * Why JediSwap is important for the cryptocurrency industry * How to use JediSwap * The prospects for JediSwap's development in the cryptocurrency industry * Conclusion Introduction ------------ **JediSwap** is a decentralized exchange that uses a technology called [Automated Market Maker (AMM)](https://chain.link/education-hub/what-is-an-automated-market-maker-amm#:~:text=Automated%20market%20makers%20\(AMMs\)%20are%20a%20type%20of%20decentralized%20exchange,trade%20directly%20through%20the%20AMM.) to allow users to swap assets without intermediaries. It runs on [Starknet](https://www.starknet.io/en), which is a scaling solution built on top of Ethereum, and it allows users to make swaps quickly and with low gas fees. Users can also keep custody of their funds throughout the swap process. Why JediSwap is important for the cryptocurrency industry --------------------------------------------------------- 1. Built on Starknet: JediSwap is built on the Starknet, This allows JediSwap to offer fast and cheap transactions without sacrificing security or decentralization. 2. ZK-Rollup Technology: JediSwap uses ZK-Rollup technology, which is a type of scaling solution that allows for a high number of transactions to be processed off-chain and then compressed into a single transaction on-chain. This allows for faster and cheaper transactions compared to other decentralized exchanges that rely solely on the Ethereum network. 3. Decentralization: JediSwap is a decentralized exchange that allows users to trade assets without intermediaries. This means that users can retain control of their assets and trade them without relying on a central authority, which aligns with the fundamental principles of blockchain technology. 4. Low Fees: JediSwap operates on Starknet, which allows users to make transactions with low gas fees. This makes trading on JediSwap more affordable and accessible to a wider range of users. 5. Composability: JediSwap is built to be composable, which means that other dApps can build on top of it and use its liquidity pools to enable new use cases. This opens up new possibilities for the DeFi ecosystem and makes it more flexible and innovative. ![](https://storage.googleapis.com/papyrus_images/cdb1d15e49269ec1a83914f015c1c0ed1c55fca0a53580a74b9679040382e515.jpg) How to use JediSwap ------------------- And so, the first thing we need to do is install a wallet that works on StarkNet. I will show you how to install an ArgentX wallet. * Go to the official [website](https://www.argent.xyz/argent-x/) and install the extension in your browser. ![](https://storage.googleapis.com/papyrus_images/0718ba8700c1939e23935883544116c7326061e5d4b1ce6f598013572ac5be3e.png) * After that, create a new wallet and remember the recovery seed phrase. ![](https://storage.googleapis.com/papyrus_images/182e5cc850adbf626ba3baf3e1d494da4de75a3e04bf63629333048e02178ec7.png) We can now transfer our funds from Ethereum to StarkNet. To do this, we will use the official bridge. * Go to the [website](https://starkgate.starknet.io/) and connect your Metamask and ArgentX wallets. * Now, transfer ETH to the StarkNet network. It's better to do it early in the morning or at night to minimize gas fees. [_ETH gas tracker_](https://etherscan.io/gastracker) * Your funds can take up to two hours to transfer to StarkNet, so don't worry if there are any delays. ![](https://storage.googleapis.com/papyrus_images/b2952efb23c1efa422d20a05434e39e67248741c8660b7eafb88929b4092497d.png) **Swap** * After your funds have been transferred to the StarkNet network, go to the [JediSwap](https://app.jediswap.xyz/#/swap) and connect your wallet. * Now, in the 'Trade' tab, you can swap for the tokens you need. Specify amount of tokens and confirm the transaction in your wallet. ![](https://storage.googleapis.com/papyrus_images/76b15a95b076bd00f3626ce2cd9d5628acd381855748dd21d838d3ec1e4c147b.png) **Liquidity pool** * In the 'Pool' tab, you can add liquidity. * Just select the tokens you want to contribute to the liquidity pool, specify the amount, and confirm the transaction in your wallet. _There is also an ongoing_ **_liquidity provision contest_**_. You can participate and win prizes!_ [_Read_](https://twitter.com/JediSwap/status/1647879631180304384) _more for more information._ ![](https://storage.googleapis.com/papyrus_images/b5b56ad674ce4829691232a1f7a3989b8d40f278158c359d5aa696e953773993.png) **Dashboard** You can also go to the dashboard and view all the available statistics on JediSwap. ![](https://storage.googleapis.com/papyrus_images/4be514de25cafbc100f6aee37fca9d6f1909423e8e44e02db2ae5bd7d3fcac10.png) ### The prospects for JediSwap's development in the cryptocurrency industry JediSwap has already made a significant impact in the cryptocurrency industry as the first fully permissionless composable AMM on StarkNet, offering users the ability to trade and swap tokens with low gas fees. Looking ahead, the platform is well-positioned to continue to grow and expand its offerings to meet the demands of the ever-evolving industry. One major aspect of JediSwap's future development is the expansion of its liquidity pools, which would allow for greater trading volume and more opportunities for users to earn rewards. Additionally, the platform is exploring partnerships and integrations with other projects in the DeFi space, which could lead to more opportunities for users to utilize their assets on the platform. JediSwap also plans to further optimize its platform to enhance user experience and increase its accessibility to a wider audience. This includes developing mobile applications, improving the user interface, and integrating more tools and features for users to manage their assets. Overall, the prospects for JediSwap's future development in the cryptocurrency industry are promising, and it will be interesting to see how the platform continues to innovate and adapt to meet the needs of its users. ### Conclusion JediSwap is a revolutionary decentralized exchange that operates on the StarkNet network, providing users with lightning-fast transactions and zero gas fees. Its unique features, such as the fully permissionless and composable AMM, make it stand out from other DEXs in the market. JediSwap's focus on user experience, security, and low costs makes it a promising contender in the growing DeFi space. With its innovative approach to liquidity provision and staking, JediSwap provides users with new and exciting opportunities to earn rewards and actively participate in the decentralized finance ecosystem. As the DeFi industry continues to grow and evolve, JediSwap is poised to play an increasingly important role in shaping the future of decentralized finance. Whether you're a seasoned DeFi user or just starting out, JediSwap is definitely worth checking out for its unique features and potential benefits. ![](https://storage.googleapis.com/papyrus_images/8d59d25bd11300c0bf5c046dfcbc2d2a7d9bbe0fa1aeb34718d2ba0c08e17278.png) JediSwap Official Links: * Website: [jediswap.xyz](https://www.jediswap.xyz/) * Twitter: [twitter.com/jediswap](https://twitter.com/jediswap) * GitHub: [github.com/jediswaplabs](http://github.com/jediswaplabs) * Discord: [discord.gg/jediswap](http://discord.gg/jediswap) * Mirror: [mirror.xyz/jediswap.eth](https://mirror.xyz/jediswap.eth) My links: * Twitter: [twitter.com/outsidercryptoo](http://twitter.com/outsidercryptoo) * Medium: [medium.com/@outsidercryptoo](http://medium.com/@outsidercryptoo) * Link3: [link3.to/obivifly](http://link3.to/obivifly) --- *Originally published on [outsider](https://paragraph.com/@outsiderr/jediswap-research)*