YetiSwap is a decentralized exchange (DEX) which runs on Avalanche, uses thesame automated market-making (AMM) model as Uniswap, features a native governance token called YTS that is fully community distributed and is capable of trading all tokens issued on Ethereum and Avalanche. In a crowded marketplace with multiple contenders, YetiSwap offers three critically important benefits: fast and cheap trades, and a fair and open token distribution.
First, YetiSwap can finalize trades quickly and cheaply. Since YetiSwap is built on Avalanche, it enables users to swap assets while enjoying sub-second transaction finality and transaction fees as low as a few cents. Oftentimes, trades on YetiSwap will feel as fast as trades on centralized exchanges. Second, beyond the significant performance upgrades to the technical status quo.
Users of existing AMMs, such as Pangolin, Uniswap and Sushiswap, are already familiar with their mechanism of action. Therefore, the rest of this post does not discuss how YetiSwap achieves its trading capabilities. Instead, we discuss the YTS token in more detail, including its distribution mechanism and governance rules.