> For the complete documentation index, see [llms.txt](https://e-connect-bank-1.gitbook.io/e-connect-bank/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://e-connect-bank-1.gitbook.io/e-connect-bank/our-products/e-connect-bank-swap.md).

# E-CONNECT BANK SWAP

## E-Connect Bank aims to offer an open and permissionless way to swap your token at the best prices.

### Token Swaps:

* The E-Connect Bank SWAP technology offers a cutting-edge discovery and routing algorithm, which provides asset exchanges at the best rates on the market. With the E-Connect Bank SWAP, you will be able to find the most efficient paths for a token swap, able to split between different protocols and even different market depths within one protocol in the shortest possible time. 

### How do swaps on a DEX work?

* E-Connect Bank DEX works with a different selection of automated market makers. That means it is a collection of smart contracts that define a standard way to create liquidity pools, provide liquidity, and swap between different assets.
* Each liquidity pool contains two assets. The pools keep track of aggregate liquidity reserves and the pre-defined pricing strategies set by liquidity providers. Reserves and prices are updated automatically every time someone starts a trade. There is no order book and no third-party custody.
* Because reserves are automatically rebalanced after each trade, a pool can always be used to buy or sell a token — unlike traditional exchanges, traders do not need to match with other individuals to complete a trade.

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