By separating order creation from order execution, LibertyX enables several improvements compared with traditional AMM swaps:
Improved pricing
Liquidity can be sourced from multiple venues rather than a single pool. Competing executors are incentivized to provide better prices in order to win the swap.
Gasless swapping
Users do not need to submit on-chain transactions directly. Execution costs are handled by the party that fulfills the order.
Protection from MEV
Swap execution can occur through private transaction relays, reducing exposure to front-running and other forms of extractive MEV.
No cost for failed execution
If an order cannot be filled, users do not incur failed transaction fees.