Skip to main content

What's Pando Lake

Pando Lake is a decentralized protocol for automated liquidity provision built with the Mixin MTG (Mixin Trusted Group) technology, an alternative to smart contracts on Mixin Network.

It uses combined algorithms - functioning on a Curve-like, bespoke low slippage, low trading fee algorithm specifically for swapping between stablecoins and on the constant product formula x*y=k for the rest of pairs.

Each pair manages a liquidity pool made up of reserves of two tokens. The prices of the pair tokens are directly determined by the reserve balances.

Users can swap at a specific crypto assets market(pair) and/or become liquidity providers.

For the pairs pUSD-USDT(ERC-20), pUSD-USDT(TRC-20), pUSD-USDC, pUSD-DAI, and BTC-wBTC, the swapping fee is 0.04%. For the rest of pairs, the swapping fee is 0.3%.

The trading fee is paid to all liquidity providers proportional to their shares of the liquidity pool.

4swap provides a mechanism named "Broker" that users interact with the protocol. Pando Lake has its own Broker to serve the users. Please refer to "Lake vs 4swap" for more information.

Visit 4swap.org
Visit Pando Lake