Embracing Permissionless Systems

Marking a significant departure from traditional market structures, the Savmswap protocol is built on a foundation of permissionless and immutable principles. These foundational choices are deeply inspired by the core values of SatoshiVM, mirroring our commitment to the ideals of unfettered access and immutability. These principles are critical for realizing a future where financial services are accessible to all, free from discrimination and counter-party risks.

A permissionless framework ensures that the protocol's services are universally accessible, devoid of any restrictions on who can or cannot utilize them. This open accessibility allows anyone to engage in swapping, liquidity provision, or the creation of new markets. This approach starkly contrasts with traditional financial services, which often impose access barriers based on geography, economic status, or age.

Furthermore, the immutable nature of the protocol means it is not subject to upgrades. This design ensures that no entity

can halt the contracts, alter trade executions, or modify the protocol's operations in any manner. It's important to note that while Savmswap Governance retains the right (but not the obligation) to redirect a portion of swap fees from any pool to a designated address, this mechanism is transparently known to all participants from the outset. To safeguard against potential misuse, the fee diversion is strictly limited to a range between 10% and 25%.