RAY Swap is an automated liquidity protocol for creating liquidity and trading native tokens on Cardano. It eliminates trusted intermediaries and unnecessary forms of rent extraction, allowing for fast, efficient trading. Where it makes tradeoffs decentralization, censorship resistance, and security are prioritized.
RAY is open-source software licensed under MIT License.
Prices are determined by the amount of each token in a pool. The smart contract maintains a constant using the following function:
x*y=k. In this case
x = token0,
y = token1,
k = constant. For each trade a certain amount of tokens are removed from the pool for an amount of the other token. To maintain
k, the balances held by the smart contract are adjusted during the execution of the trade, therefore changing the price.
RAY is an advanced open source ecosystem for the Cardano blockchain platform. It includes a light wallet with many features such as: sending and receiving funds, defi swap, NFT marketplace, staking center and others.
Our services increase blockchain use adoption; they empowers regular users, developers, creators, liquidity providers and traders to participate in a financial marketplace that is open and accessible to all.
RAY was founded by Sellpixels.com, owner of the Visual Builder SAAS platform that helps hundreds of technology companies around the world build web applications. Sellpixels.com provides full circle software development services such as frontend, backend, microservices, ci/cd, ui/ux, and more.