JediSwap: Unleashing the Power of Community-Led DeFi on Starknet

Today I will tell you about the most important defi project in the Starknet network. I say important because the project has the highest TVL ratio, the least slippage, and the most active liquidity pools. So Jediswap.
In the rapidly evolving landscape of decentralized finance (DeFi), JediSwap has emerged as a beacon of innovation and community-driven development. Positioned as a 100% community-led, fully permissionless, and composable Automated Market Maker (AMM) on Starknet, JediSwap empowers users to seamlessly swap assets and earn passive yields while retaining custody of their funds. This article delves into the core principles, community dynamics, and achievements that define JediSwap’s journey since its launch on November 30th, 2022.
The Mesh Community:
At the heart of JediSwap lies the Mesh Community, a collective of individuals bound by a commitment to transparency and equal accessibility. This vibrant community collaborates on various fronts, including development, community building, research, product development, and growth. Independent contributors play pivotal roles, fostering an environment where learning, collaboration, and collective earning are central tenets.
Key Features of JediSwap:

1. Community-Led Governance: JediSwap distinguishes itself by entrusting decision-making to its community members. This decentralized governance model ensures that key protocol decisions are made collectively, fostering a sense of ownership and inclusivity.
2. Permissionless Innovation: JediSwap operates on Starknet, a validity rollup on the Ethereum network. This enables the platform to harness the security of the Ethereum blockchain while benefiting from Starknet’s scalability and efficiency. The permissionless nature of JediSwap allows users to participate in its ecosystem without barriers.
3. Liquidity Provision without Custody Loss: Users can contribute liquidity to JediSwap pools and earn passive yields without relinquishing control of their funds. This innovative approach aligns with the ethos of DeFi, where users maintain sovereignty over their assets.

JediSwap’s Rise to Prominence:
Since its launch, JediSwap has rapidly ascended to become the leading protocol on Starknet, boasting the highest Total Value Locked (TVL), trading volume, and various other on-chain metrics. Notably, JediSwap secured the top position on Gitcoin grants by unique donor count, underscoring its widespread community support and recognition.
JediSwap’s success is not merely a testament to its technical prowess but also to the strength of the Mesh Community and the principles that guide it. As a beacon of decentralized finance on Starknet, JediSwap exemplifies how a community-led, permissionless, and composable platform can redefine the DeFi landscape. The journey of JediSwap is a testament to the power of collaboration, innovation, and a shared commitment to the principles of transparency and accessibility.
Sources:

• JediSwap Official Website
• DappLand — JediSwap
• JediSwap Documentation
• https://medium.com/@vendetta01/jediswap-unleashing-the-power-of-community-led-defi-on-starknet-6d0e70e59e34