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Glossary
An automated market maker is a smart contract on Ethereum that holds on-chain liquidity reserves. Users can trade against these reserves at prices set by an automated market making formula.
ERC20 tokens are fungible tokens on Ethereum. Seacows supports all standard ERC20 implementations.
ERC721 tokens are Non-Fungible Tokens on Ethereum. Seacows supports all standard ERC721 implementations.
ERC721 tokens are Non-Fungible Tokens on Ethereum. Seacows supports all standard ERC721 implementations.
A smart contract that deploys a unique smart contract for any ERC20/ERC20 trading pair.
A smart contract deployed from the Seacows Position Manager that enables trading between two ERC20 tokens.
Liquidity within a pair is pooled across all liquidity providers.
A liquidity provider is someone who deposits an equivalent value of two ERC20 tokens into the liquidity pool within a pair. Liquidity providers take on price risk and are compensated with fees.
The price between what users can buy and sell tokens at a given moment. In Seacows this is the ratio of the two ERC20 token reserves.
The difference between the mid-price and the execution price of a trade.
The amount the price moves in a trading pair between when a transaction is submitted and when it is executed.
Smart contracts that are essential for Seacows to exist. Upgrading to a new version of core would require a liquidity migration.
External smart contracts that are useful, but not required for Seacows to exist. New periphery contracts can always be deployed without migrating liquidity.
A trade that uses the tokens being purchased before paying for them.
The constant product formula.
The "k" value in the constant product formula
Last modified 4mo ago