TokenInsight news, market maker protocol Woo Network announced the launch of its first DEX WOOFi Swap, to be deployed first on the BSC chain.
WOOFi Swap utilizes a Synthetic Proactive Market Making(sPMM) on-chain market making algorithm designed for professional market makers to better simulate the price, spread and depth of a centralized exchange order book. Following the launch, dYdX's designated market maker, Kronos Research, became the first market maker for WOOFi Swap.
