# SithSwap: Next-gen AMM on StarkNet

By [SithSwap](https://paragraph.com/@sithswap) · 2022-03-17

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❖ Introducing SithSwap
======================

We are thrilled to announce the emergence of [SithSwap](https://sithswap.com/) from stealth. Our resolve is absolute in building out the next generation of DeFi at the final frontier of Ethereum, powered by the groundbreaking L2 technology pioneered by [Starkware](https://starkware.co/).

**_The Sith will be implacable!_**

❖ What is SithSwap
==================

SithSwap is a next-gen AMM on [StarkNet](https://starkware.co/starknet/), featuring instant volatile and stable swaps with ultra-low slippage and fees (initially gasless) while inheriting the full security of Ethereum.

SithSwap native­ly sup­ports pool gau­ges, third-party bribes and **SITH** rewards that can be vote-escrowed (locked) in ex­change for vot­ing power, in the form of fully tradable **veSITH** tokens, used to capture and direct fu­ture protocol emis­sions.

❖ Why StarkNet
==============

In a nutshell and foremost, because we believe:

1.  In Ethereum unique capacity to deliver and execute on the most decentralized, secure and scalable L1 platform as promised by the Serenity upgrade
    
2.  In Starkware to have delivered the most advanced L2 rollup technology for developers to build on at what we consider the final frontier for decentralized execution engines
    

❖ Whois
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The SithSwap core team consists of 3 highly experienced Ethereum developers, all with professional backgrounds specializing in Solidity and more recently Cairo, with one of them active in the space since 2015!

❖ When launch
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SithSwap launch will be split into two major releases nicknamed **_Core_** and **_Rewards_**. The former will be launching on the StarkNet Planets alpha testnet in Q2 2022. The latter will be released ~1 month after the Core release.

☣️ The timeline for the roadmap outlined above may fluctuate due to external factors such as the Starknet ecosystem & tooling production-readiness, Starkware support and VCs commitments. Market conditions, however, would _not_ be considered as such.

❖ When token
============

The initial supply of the SITH governance token will be overwhelmingly fairly-launched as part of the **_Rewards_** phase rollout. Remember, the only way to obtain the token will be through early participation in the protocol during its **_Core_** phase.

🚨 _Beware of scammers and remember that no one from the team would ever contact you privately, least of all to talk about free tokens!_

❖ Join the Sith Wars
====================

*   Become a STARK Citizen on [Discord](https://discord.gg/gAD2wuzeNf)
    
*   Join the _Sith Wars_ on [Telegram](https://t.me/SithWars)
    
*   Keep up-to-date with SithSwap on [Twitter](https://twitter.com/SithSwap)
    

![sithswap.com](https://storage.googleapis.com/papyrus_images/6d34845e0f4a42dc029fe0ba432df2c029878300f1133abd105fc97dc918c45a.png)

sithswap.com

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*Originally published on [SithSwap](https://paragraph.com/@sithswap/sithswap-next-gen-amm-on-starknet)*