xExchange

The Maiar Decentralized Exchange (DEX) is the Automated Market Maker (AMM), rearchitecting some of the key elements to build a product that can leverage the entire performance of the Elrond architecture, to offer global, near-instant, inexpensive transactions among an expanding suite of assets.

The essence of current versions of automated market makers is best expressed through the constant product equation: x * y = k

Based on it, if a swap pool owns some units of token x and some units of token y, it prices trades so that the quantities of x and y resulting after the trade, when multiplied, are equal to a fixed constant, k.

But current AMM performance could be significantly improved by rebuilding them on vastly more scalable architectures.