> For the complete documentation index, see [llms.txt](https://trove-labs.gitbook.io/jump-defi/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://trove-labs.gitbook.io/jump-defi/products/jump-swap-aggregator/automated-market-maker.md).

# Automated Market Maker

Jump Swap is a multi-chain automated market-making (AMM) decentralized exchange (DEX) that facilitates cryptocurrency trading

The Jump DEX AMM combines a multi-chain simple swap user experience with a high powered auto-router that delivers the best pricing on trades.

Jump Swap is a fully permissionless automated market maker that combines a simplified swapping experience with a high powered auto-router that aggregates the best pricing on trades. Anyone can trade and/or become a liquidity provider to take full advantage of platform rewards.

## How Jump Swap Works

Jump Swap is inspired by proven architecture including Uniswap v2 and Curve Finance. The Jump Swap automated market maker is powered by two constant product functions:

* Swap function: x \* y = k
* StableSwap function: χDn−1 \* ∑ xi + ∏ xi = χDn + ( D / n )n 

For complete technical documentation, refer to the links below:

* Swap function
  * Uniswap v2 Whitepaper: <https://uniswap.org/whitepaper.pdf>
* StableSwap function
  * Curve StableSwap Whitepaper: <https://curve.fi/files/stableswap-paper.pdf>

## Swap Fees

Swaps (trades) on the Jump DEX incur a minimum 0.30% swapping fee. Swap fees are distributed into the categories below:

1. **Liquidity Providers:** 60% of swap fees are returned to liquidity pools as a reward for liquidity providers.&#x20;
2. **xJUMP:** 22.5% of fees are used to buy and deposit JUMP tokens into the [xJUMP](/jump-defi/products/xjump.md) single-stake pool.
3. **Buy & Burn:** 12.5% of fees are dedicated to JUMP buyback and burn
4. **Jump DAO Treasury:** 5% of fees go fund the Treasury.

## How to Swap

*Coming Soon*