Ref Finance Introduce Parallel Swap

The Parallel Swap is an algorithm to optimize a swap of two tokens. For a given swap-in amount of Token A, the algorithm maximizes the swap-out value of Token B, taking into account the liquidity and swap fees of the various A-B liquidity pools.

For example, if someone wants to swap 10 Token A for Token B, and that there are 5 A-B equally distributed liquidity pools, it is expected that the swap transaction will contain 5 swap actions, taking advantage of all liquidity and ultimately creating a win-win situation:

• Traders: better prices
• Liquidity Providers (LPs): fairer model (vs winner-takes-all market)

Finally, Ref Finance has been working in collaboration with Giddy and Dave, creators of the Parallel Swap algorithm and winning team of the OpenDeFi Hackathon.

ABOUT Ref Finance
Ref Finance is a community driven DEFI project on NEAR Protocol. It has several components, such as an AMM swap called Ref Exchange, a general-purpose farming component called Ref Farming which supports liquidity farming, and other components which are currently under development.

RESOURCES
Medium