In this 12th Community Approval Request (CAR), the DIA DAO community will be voting to validate SpiritSwap as a data source for the DIA Platform. DIA’s direct integration into centralised and decentralised marketplaces such as SpiritSwap enables a broad and highly granular and customizable data and oracle offering for dApps.
SpiritSwap is a decentralized exchange (DEX) on the Fantom Opera Chain. SpiritSwap's design is based on the Uniswap constant-product automated market maker (AMM). In an AMM, liquidity providers simply deposit a pair of tokens and an algorithm automatically makes markets for the token pair. Traders can easily swap between tokens in the AMM and get guaranteed rates for the swaps. Each swap on SpiritSwap incurs a fee, which gets distributed to liquidity providers as their payment for work.
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