Glossary

The Kiwi Swap Glossary serves as a comprehensive guide to understanding the terminology used within our platform and the broader blockchain ecosystem. Whether you're a seasoned trader or new to decentralized finance (DeFi), this resource simplifies complex concepts, empowering you to navigate Kiwi Swap and blockchain technology with confidence. Explore the key terms below to deepen your understanding and make the most of your experience with Kiwi Swap.

Definitions

Aggregator	An aggregator is a tool or protocol that combines liquidity from multiple decentralized exchanges (DEXs) and liquidity pools to provide users with the best possible trade execution. By searching for the most efficient trading routes, aggregators minimize slippage and ensure optimal pricing for every transaction.
Apex Network	The Apex Network is Kiwi Swap’s Layer 3 blockchain, specifically designed to address the needs of high-frequency trading, privacy, and custom functionalities. It integrates seamlessly with the Kiwi Swap ecosystem, offering unparalleled scalability and efficiency for advanced trading features.
Auto Slippage	Auto slippage is an algorithmic feature that dynamically adjusts the acceptable price deviation (slippage tolerance) for a trade. This ensures that transactions are completed successfully even in volatile markets, reducing the likelihood of failed swaps or excessive losses.
Batch Processing	Batch processing refers to the practice of grouping multiple transactions into a single operation to improve efficiency and reduce costs. This approach is particularly useful for high-frequency trading and helps reduce congestion on the blockchain.
Blockchain Layering	Blockchain layering categorizes blockchain technologies into different levels—Layer 1 (base chain), Layer 2 (scaling solutions), and Layer 3 (specialized functionalities like Apex Network). Each layer serves a distinct purpose to improve scalability, speed, and functionality.
Cross-Chain Swapping	Cross-chain swapping enables users to trade tokens across different blockchains without needing intermediaries. Kiwi Swap facilitates seamless cross-chain swaps using advanced aggregation and intent-based trading mechanisms.
Decentralized Exchange (DEX)	A decentralized exchange is a platform where users can trade cryptocurrencies directly with each other without the need for intermediaries. Kiwi Swap operates as a DEX aggregator, pulling liquidity from various sources to provide users with the best possible trading experience.
Gas Fees	Gas fees are payments made to blockchain miners or validators to process and confirm transactions. Kiwi Swap offers innovative solutions like gasless execution to reduce or eliminate these costs for users.
Gasless Execution	Gasless execution is a feature that allows users to complete transactions without paying gas fees directly. Instead, the platform uses relayers or batch processing to cover these costs, making trading more accessible and cost-effective.
Intent-Based Trading	Intent-based trading is a mechanism where users specify the desired outcome of a trade (e.g., token A to token B at the best rate), and the platform executes the transaction using the most efficient route. This simplifies the trading process and enhances user experience.
KIWI Token	The KIWI token is the native utility token of Kiwi Swap, serving as the backbone of the ecosystem. It powers governance, staking, revenue sharing, and provides incentives for liquidity providers and traders.
Liquidity Pool	A liquidity pool is a collection of tokens locked in a smart contract to facilitate trading on a decentralized exchange. These pools enable users to swap tokens without relying on traditional order books.
MEV (Miner Extractable Value)	MEV refers to the additional value miners or validators can extract by reordering, including, or excluding transactions within a block. Kiwi Swap employs MEV protection to safeguard users from potential exploitation.
Meta-Aggregation	Meta-aggregation combines data from multiple aggregators to offer the best possible trade execution. By integrating multiple sources, Kiwi Swap ensures superior pricing and minimal slippage.
Rug Pull Protection	Rug pull protection is a security feature designed to protect users from fraudulent projects where developers withdraw liquidity, leaving investors with worthless tokens. Kiwi Swap incorporates this protection to enhance trust and security.
SDK (Software Development Kit)	An SDK is a set of tools, libraries, and documentation that developers use to build applications on a specific platform. Kiwi Swap’s SDK simplifies the integration of its features into third-party applications.
Slippage	Slippage occurs when the actual execution price of a trade differs from the expected price due to market volatility or insufficient liquidity. Kiwi Swap minimizes slippage through its advanced routing and aggregation algorithms.
Smart Routing	Smart routing is an AI-driven feature that identifies the most efficient trading paths across multiple DEXs and liquidity sources. This ensures users get the best rates with minimal delay or cost.
Staking	Staking involves locking tokens in a platform to support its operations and earn rewards. Kiwi Swap allows users to stake KIWI tokens for governance participation and revenue sharing.
Transaction Anonymization	Transaction anonymization enhances privacy by obscuring the details of transactions, making it difficult to trace them back to specific users. Kiwi Swap uses advanced privacy protocols to protect user data.

The Kiwi Swap Glossary is an evolving resource, regularly updated to include new terms and concepts as the blockchain and DeFi landscapes expand. If you encounter unfamiliar terms or have suggestions for new entries, feel free to reach out to our support team or community forums.