CarboSwap Whitepaper
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Welcome to CarboSwap

CarboSwap allows you to trade, farm, win and stake assets on Aptos with the same functionalities as the best DeFi platforms.
We also offer innovative features such as our presale mechanism and our impermanent loss protection.

Services and features

  • Swap, instantly trade your cryptoassets on Aptos without having to create an account or go through any cumbersome KYC procedures.
  • Low fees, CarboSwap runs on Aptos, a blockchain with much lower transaction costs than Ethereum, Bitcoin or even the Binance Smart Chain.
  • Fully decentralized and non-custodial, unlike Centralized Exchanges (CEXs), CarboSwap minds its own business and lets you keep full control of your assets.
  • Earn rewards, receive CARBO in our Turtle Pools by staking our native asset, let your crypto go to work for you and take advantage of high interest rates.
  • Get some trading fees when providing liquidity to a LP pair (even if we don't provide an LP farm for your asset)
  • Stake LP tokens in our Turtle Farms to earn increased rewards paid out in CARBO, take advantage of our impermanent loss protection program.

Our vision

The core value of DeFi is to build an access to a financial system free from:
  • censorship and invasion of privacy
  • opacity and dishonesty
  • manipulation from well-established institutions
All of these vices often rhyme with centralized power.
One way to fight against centralization of power is to totally change our current financial system, this can be achieved by properly using DeFi. Nonetheless, DeFi is far from perfect and using it has its downfalls.
CarboSwap tries to make DeFi as competitive as TradFi with the help of innovative features.

Why Aptos ?

In the past couple of years, blockchain has changed a lot. Gas fees decreased significantly, transaction limits rose substantially and networks have become a lot more efficient. Yet, the Blockchain Trilemma remains unsolved (scalability, security and decentralization). DeFi ecosystem still suffers from significant chain outages, major security vulnerabilities, as well as undelivered promises on speed & efficiency.
Aptos is a brand new blockchain built by highly-skilled Meta engineers who have been working on a chain called Novi (later called Diem) for the past six years. This chain is built by a large team of engineers who have years of experience building blockchain technology in one of the world's most prestigious technology companies.
Additionally, Aptos is built with the Move programming language. This is a significant improvement over Rust when it comes to smart contract development. In a time when security vulnerabilities exploits are taking place almost everyday in DeFi, Move offers a safe, efficient and secure environment for protecting scarce assets and is gaining popularity among the developer community.
Lastly, the immense growth in strong builders and the overall Aptos ecosystem is a testament to the team's unmatched business development skills.

Aptos' Technicals

  1. 1.
    Can deal with more than 100k transactions per second (TPS) based on Block-STM technology (learn more).
  2. 2.
    Gives the ability to swap private keys for additional security or in case of an emergency (section 6.2 here)
  3. 3.
    Built with Move to provide additional safeguards on memory resources.

Get started

Create a Wallet

To get started with CarboSwap, the first thing you'll need is to set up a wallet that supports Aptos.
Here are the wallets that CarboSwap will support:
When you set up a wallet, be sure to:
  • Download the latest version from an official source.
  • Follow the setup guide carefully.
  • Safely back up your recovery phrases.
  • Never share your recovery phrases with anyone or any website or app other than your wallet app.
Last modified 1yr ago