Introduction

What is Akronswap?

Akronswap is a decentralized exchange that protects LPs and swappers from negative maximal extractable value (MEV), specifically, LPs from loss-versus-rebalancing and swappers from sandwich attacks.

Benefits

To passive liquidity providers on Akronswap

• LPs, especailly passive LPs, capture a significant percentage of the arbitrage profits from arbitraguers from each of their swaps, through dynamic swap fees. In effect, LPs become "passive arbitrageurs": LPs on Akronswap stop losing money to arbitrageurs and start earning money together with arbitrageurs!

To swappers on Akronswap

• Traders pay almost zero dynamic swap fees if their swap amount is small, because dynamic swap fee is at most the price impact (e.g. if the price impact is 0.5 bps, traders pay a fee of at most 0.5 bps).

• Traders are protected from front running, back running and sandwich attacks, which generate huge profits for attackers each week.

• Arbitrageurs can use Akronswap as "arbitrage opportunity of last resort" after opportunites on other pools have been arbitraged away.