JediSwap

JediSwap is a community-led, permissionless, and composable Automated Market Maker (AMM) built on Starknet, a ZK-Rollup Layer 2 scaling solution for Ethereum. The platform was founded in 2021 by Rohit Goyal and officially launched in December 2022. It originated from the Mesh community, a collective focused on bringing OpenFinance to a wider audience through community-driven, transparent, and decentralized projects.

The exchange allows users to swap digital assets with low fees and earn passive income by providing liquidity, all while maintaining custody of their funds. By leveraging Starknet's ZK-Rollup technology, JediSwap offers faster and more cost-effective transactions compared to those on the Ethereum mainnet. The protocol is designed to be composable, meaning other DeFi applications can easily integrate with its functionalities, fostering an interconnected ecosystem. In February 2024, JediSwap V2 was launched, introducing concentrated liquidity, a feature that allows liquidity providers to allocate their capital within specific price ranges to maximize efficiency.

JediSwap's business model is centered on its decentralized exchange services, targeting both experienced DeFi users and cost-conscious traders. Its unique features include a "ZAP" function that simplifies the process of adding liquidity by reducing multiple steps into a single transaction. The platform is led by the Mesh community, which operates without a central team, relying on a system that rewards contributors for their work on development, marketing, and research.

Keywords: decentralized exchange, automated market maker, Starknet, Layer 2, ZK-Rollup, community-led, permissionless, composable AMM, liquidity pools, asset swapping, concentrated liquidity, low gas fees, Rohit Goyal, Mesh community, DeFi, OpenFinance, ZAP feature