MantaSwap

MantaSwap is a custom multihop router utilizing the liquidity on Kujira’s FIN orderbook. It allows for seamless any-to-any token trades, as opposed to being limited to trading within the pairs listed on FIN. This means that trades which previously would require several manual steps, now can be done in a single smooth transaction on the MantaDAO interface, while capturing any available arbitrage between pairs listed on FIN orderbook.

For example, on the screenshot above, if the user were to swap its 500 LUNA for KUJI by executing a market order directly on the KUJI/LUNA market on FIN, they would get 92.8 KUJI. MantaSwap identified a 3-hop route (LUNA→USK→MNTA→KUJI) instead that gets 106.8 KUJI, resulting in +15.5% profits vs. direct swapping.

Swaps conducted on MantaSwap charge a 0.1% fee (one-time for the entire chain of swaps) that goes to the MantaDAO treasury. MantaSwap has been integrated as the default swapping API on Sonar (Kujira’s mobile app) and will be integrated into the Kujira web apps in the near future.

Revenue generated via MantaSwap fees are distributed to MNTA stakers via weekly governance vote.

In the future, MantaSwap will also be able to allow users to swap from multiple assets into a single asset, or vice versa. MantaSwap has additional advanced features in development, such as split-route swaps (to tap into multiple routes’ liquidity simultaneously), dollar-cost average swaps, and TWAMM Liquidity Pools, that will cater the needs of larger traders.