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Swivel v2.0.0
Swivel v2.0.0
  • Swivel Finance Documentation
  • Litepaper
    • zcTokens
      • Exiting/Selling zcTokens
      • Secondary AMM's
    • nTokens
      • Exiting/Selling nTokens
    • AMM vs. Orderbook
  • Swivel Exchange
    • Testnet Setup
    • Exchange Functions
      • Fixed-Yield Lending
      • Purchasing nTokens
      • Selling zcTokens
      • Selling nTokens
      • Splitting/Combining Tokens
      • Redeeming Tokens/Interest
    • Maturity
    • Liquidity Incentives
    • Minimums, Rate Limits & Fees
    • Retroactive Distribution
    • How to Claim SWIV Tokens
  • Developers
    • Exchange API
      • GET
        • Orderbook
        • Get Order
        • OHCLV (Candles)
        • Get Effective Price (Preview Market Order)
        • Get Order History
        • Get Last Trade Info
        • Get Markets
      • POST
        • Order
    • Swivel.js
      • API
        • Swivel
        • MarketPlace
        • VaultTracker
    • Swivel.py
      • swivel
        • swivel.abstracts
          • swivel.abstracts.deployed
          • swivel.abstracts.market_place
          • swivel.abstracts.swivel
          • swivel.abstracts.vault_tracker
        • swivel.contracts
          • swivel.contracts.market_place
          • swivel.contracts.swivel
          • swivel.contracts.vault_tracker
        • swivel.vendors
          • swivel.vendors.signer
          • swivel.vendors.w3
    • Scrivel (Python Examples)
    • Contracts Overview
      • Contracts
        • Swivel
        • MarketPlace
        • VaultTracker
    • Ubiquitous Language V2
      • Shared Language
      • UI Language
      • Technical Language
      • Compound Language
      • Finance Terms
  • Community & Media
  • Other Resources
    • Institutions
      • Rate Profile Optimization
        • Instruments and Participants
        • Market Opportunities and Pricing
        • Counterparty Risk Management
        • Benefits and drawbacks of standardization
        • User Needs
          • Corporate Treasury and Funding
          • Institutional Investors and Asset Managers
          • Speculators and Proprietary Trading Functions
          • Brokers and Market Makers
          • Liquidity Management, Funding and Resource Management
          • Risk Management and Insurance
          • Smaller Institutions and Individuals
      • Swivel for Enterprise
        • Overview
        • How Swivel works
        • Flexible Order Book
        • Future Developments
      • Delegated Credit
        • Challenges of Delegated Credit
          • Credit Pools
          • Intermediating Trust in Credit Delegation
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  2. Institutions
  3. Swivel for Enterprise

Flexible Order Book

A look at Swivel's largest differentiator.

Swivel is differentiated from other projects by the application of a unique, flexible orderbook infrastructure that allows the entry/exit of any fixed rate zero-coupon bond, or any corresponding floating interest coupon position through a shared pricing mechanism.

Support for Efficient Risk Management and Return Seeking

Users and market makers can use Swivel’s orderbook to accurately execute strategies and take positions with a precision not possible on an AMM (Automated Market Maker).

Advantages for market makers

Swivel offers attractive incentives for market makers. Institutions with large positions in other venues can offset their risk by making markets while taking countervailing positions on Swivel, and generating market making fees on the spreads between venues.

Swivel’s orderbook facilitates active capital allocation with respect to underlying money-market rates, ensuring market-makers can manage risk and retain an edge in times of rate volatility.

The orderbook’s shared pricing mechanism results in dynamic pricing and significantly enhanced capital efficiency. Each user has the ability to enter into positions that more exactly meet their appetites for risk, reward and tenor than wholesale financial markets, without the need for bank intermediation or predatory fees. Swivel facilitates exchange of value and risk at a level of precision that previously has been unavailable to individual investors and small enterprises.

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Last updated 2 years ago