Protocol Overview

Introducing OzProtocol's AMM-based instant swap protocol

AMM is a cutting-edge trading mechanism that replaced order book-based DEXs to revolutionize on-chain cryptocurrency trading. Instead of buy/sell order books, liquidity providers establish liquidity pools that enable traders to transact freely. In accordance, with their liquidity contributions, liquidity providers split any transaction fees as revenue.

The AMM mechanism of OzProtocol is based on the formula a*b=c where a=WIZZ, b=OWN, and c=constant function. When the relevant liquidity pool is created, the token price range is established based on the quantity of each token. In simple words, OzProtocol is an instant swap protocol that utilizes an on-chain liquidity pool and AMM techniques to ensure liquidity. Anyone who owns a WIZZ or OWN-type coin can use this on-chain swap to become a liquidity provider and start earning transaction fee commissions.

By pairing WIZZ-OWN pairs with the token contracts made in the Pool Menu of OzProtocol, you can provide liquidity. A Liquidity Provider (LP) token will be sent to you as a supply certificate if you are providing liquidity. As a reward for your contribution, you will get a portion of the fees from that specific pool.

Advantages of OzProtocol

• High-performance hardware is not required.

• Compared to other protocols, Oz-protocol does not require nodes to spend computational resources for solving complex mathematical tasks.

• The interval of time at which new blocks are generated is predictable.