What is Splash?
Splash has two definitions.
1. Splash is a decentralized open-source protocol for efficient market-making and trading on Cardano.
2. Splash is a DAO with governance and a distributed business model.
The easiest way to understand Splash is to think of it as a decentralized exchange for Cardano Native Assets. Unlike centralized exchanges that match buy and sell orders (aka CLOB exchanges), or constant product Automated Market Maker (AMM) exchanges, Splash uses different types of AMM liquidity pools, the Virtual Limit Order Book (VLOB), and combines them all. This allows different types of market makers to earn interest by providing liquidity as efficiently as they want, and traders to benefit from the best prices by tapping all liquidity in a single order. This approach opens up limitless opportunities for both sides of the market.
Who is this protocol for?
Passive liquidity providers have the flexibility to explore a wide variety of pool types tailored to their specific requirements.
Active liquidity providers (aka order book Makers) can seamlessly put bids and ask the Vertula Order Book using advanced orders or automate the process using custom or predefined strategies.
Traders can capitalize on an extensive array of order types and trading automation tools to efficiently achieve their objectives.
How is Splash different from other Cardano DEXes?
Splash is a revolutionary fully decentralized tool for both traders and market makers that offers:
Fast, transparent, and decentralized off-chain order execution
Composability: Ability to combine order book and AMM liquidity sources in a single order
Various types of configurable AMM pools for different asset types and purposes
Wide range of order types for advanced trading
Various automation tools
Secure non-custodial incentive tools for projects
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