This platform allows coins that complete their bonding curve to migrate instantly and without fees, replacing the previous 6 SOL migration cost.
Pump.fun, the platform renowned for launching meme coins, has unveiled PumpSwap, a novel decentralized exchange (DEX) on Solana.
This platform facilitates an instant and fee-less migration for coins that have completed their bonding curve. Previously, this migration incurred a 6 SOL fee. The aim is to minimize trading friction and enhance user experience.
PumpSwap operates in a similar manner to Raydium V4 and Uniswap V2, utilizing a constant product automated market maker (AMM) model. Users have the capability to create their own liquidity pools without any fee, contribute liquidity to existing pools, and exchange tokens launched on PumpSwap.
Moreover, the platform plans to introduce creator revenue sharing, contributing a percentage of protocol revenue to token creators, fostering a more sustainable ecosystem.
Each trade on PumpSwap attracts a 0.25% fee, with 0.20% allocated to liquidity providers and 0.05% going to the protocol. Upon implementation of creator revenue sharing, this distribution may change.
PumpSwap currently supports verified tokens from major projects, several of which are bridging to Solana for the first time. Users can trade assets beyond memes, including $PENGU, $APT, $TRON, cbBTC, $USDe, $frxUSD, $FXS, $SEI, $JUP, $ZRO, $MNDE, $MPLX, DRIFT, PLUME, RETARDIO, SAVE, SCR, OX, and W. More tokens will be added as PumpSwap expands its ecosystem.
PumpSwap has undergone audits by Pashovgroup, Osec_io, Bl0ckpain, and Sec3dev. Pump.fun intends to open-source the PumpSwap software in the future to promote transparency and security.
A reward system will be in place based on the severity of findings, with top reviewers receiving up to $5,000 each for minor vulnerabilities.
