Decentralized Finance and Cross-Chain Interoperable Automated Market Maker - Using BlockChain

Abstract

Decentralized Finance (DeFi) represents an alternative paradigm in financial infrastructure, operating a top the Ethereum Blockchain. DeFi leverages Automated Market Makers (AMMs) to facilitate the exchange of coins/tokens within Liquidity Pools (LPs). However, the current framework limits transactions to a single chain, resulting in prolonged processing times for cross-chain transactions. The principal drawbacks of existing AMMs include protracted transaction confirmation periods and constraints in single-chain functionality. This paper introduces Mixta, a web-based multi-chain interoperable AMM, aiming to address these limitations. Mixta empowers users to seamlessly exchange assets across different chains, ultimately reducing transaction confirmation times.