Salty.IO SALT

Introduction

Salty.IO is an Ethereum-based decentralized exchange (DEX) with a distinct goal of revolutionizing the DeFi landscape by enhancing the efficiency and accessibility of cryptocurrency trading with a user-friendly focus.

Salty.IO introduces a pioneering approach to revolutionizing swaps by leveraging Automatic Atomic Arbitrage (AAA). This innovative system exploits market inefficiencies during swaps, generating profits that benefit liquidity providers and stakers while contributing to Protocol Owned Liquidity (POL) for the DAO.

Emphasizing complete decentralization from its inception, Salty.IO grants full control over parameters, regional exclusions, whitelisting, and contracts to its DAO. The platform introduces the SALT exchange token, an ERC20 token with a capped supply of 100 million, designed with limited emissions and deflationary mechanisms. SALT token holders can stake their tokens to obtain xSALT, which serves dual functions of yield generation and governance.

The DEX aims to conduct a “Fair Launch” where every member of the community has an equal opportunity to engage with its native token, which will be airdropped at the end of March. The project did not seek external investors for its launch and will not hold presales of its native token.

Salty.IO has undergone comprehensive audits by Trail of Bits and ABDK, with a third audit by Code4rena currently in progress. This meticulous preparation paves the way for its anticipated launch on April 1, 2024. As we proceed in this report, we will delve into the technicalities, user benefits, and strategic outlook of Salty.IO, highlighting its potential to be a game-changer in the DEX arena.