🚀 AleoSwap: Self-Custody, Privacy-Centric, Fully Decentralized

4 min readMay 31, 2024

AleoSwap is revolutionizing decentralized exchanges (DEX) by harnessing the power of the privacy-centric Aleo blockchain. This innovative platform offers users a unique blend of self-custody, privacy, and complete decentralization, enhancing the trading experience with unparalleled security and low slippage. AleoSwap is setting new standards in the decentralized finance (DeFi) landscape.

Key Features

Security without Compromise

AleoSwap ensures users’ assets remain securely in their wallets through a noncustodial solution. This approach prioritizes complete security, giving users peace of mind knowing their assets are safe.

Innovative Private Trading

With AleoSwap, users can trade privately without revealing their addresses, maximizing their privacy. This groundbreaking feature allows for secure and confidential transactions.

Market Making for Profits

AleoSwap supports active market making, enhancing capital efficiency and providing users with opportunities to earn extra income. This feature empowers users to form Liquidity Pools (LP) and participate in the market actively.

Better User Experience

Utilizing an Automated Market Maker (AMM) trading model, AleoSwap ensures lightning-fast confirmations, high capital efficiency, and low slippage. This results in a smooth and efficient trading experience, setting AleoSwap apart from other platforms.

Roadmap: Building the Future of AleoSwap

2023 Q1-Q2

Project Inception: Kickstart the AleoSwap project and assemble a dedicated development team.
Testnet Development: Construct a decentralized exchange (DEX) based on the proven Uniswap V2 model on the Aleo testnet.
Token Conversion Features: Launch the token Private/Public conversion feature.
Faucet and Incentives: Introduce a faucet for users to claim test tokens, facilitating exploration. Participate in the Aleo Deploy Incentives Program.

2023 Q3-Q4

Private Trading Launch: Unveil the private trading function, enhancing user privacy.
Private Market Making: Introduce private market-making, allowing users to form Liquidity Pools (LP) with private tokens.
Mainnet Deployment: Deploy AleoSwap to the mainnet upon the successful launch of the Aleo mainnet.

2024 Q1

Experience Enhancement: Continuously refine private trading and market-making experiences based on user feedback.
AleoSwap V2 Development: Initiate the development of AleoSwap V2, incorporating a new AMM trading model.
Stablecoin Trading: Launch stablecoin trading, offering reduced slippage for users. Support both public and private trading for stablecoins.
Exploration of Innovative Features: Explore and implement innovative DEX features, such as perpetual contracts and leveraged trading, expanding AleoSwap’s capabilities.

Achievements

Sep 2023: AleoSwap team attended the ZKDay at Token2049 Conference.
Sep 18, 2023: Launched the ‘Discover AleoSwap’ campaign on Galxe, with 500+ users participating.

Oct 31, 2023: Secured the 4th spot in Aleo’s Top 10 Deploy Incentive Winners.

Nov 8, 2023: Launched the AleoSwap Credits Campaign.

Nov 18, 2023: Secured a $9500 grant from the Aleo Foundation for the Snark Tank.

Nov 18, 2023: Attended the Devconnect in Istanbul, pitching the prowess of Zero-Knowledge Proofs in blockchain at zkHouse.
Nov 22, 2023: Launched the AleoSwap ARC20 token launch campaign.

Dec 3, 2023: Collaborated with the Aleo Global community and launched a co-marketing campaign on Galxe.

AleoSwap is not just a decentralized exchange; it’s a journey toward a new era of privacy-centric and user-centric decentralized finance. Join AleoSwap on this exciting adventure and together, shape the future of decentralized trading!