Skip to main content
KovaSwap separates the exchange into simple, replaceable layers:
  1. Factory: creates deterministic pair contracts for a token pair and fee tier.
  2. Pairs: hold reserves and enforce constant-product swaps.
  3. Router: calculates paths and executes liquidity or swap operations.
  4. Route discovery: compares local KovaSwap quotes with enabled external venues.
  5. Indexer: derives pools, volume, fees, and token history from chain events.
  6. Interface and SDK: present wallet-ready transactions without taking custody.
Pool creation emits an on-chain factory event. That event is the source for discovery and analytics. A new pool is not “approved” by KovaSwap; it is simply visible because it exists.

​
What decentralization means here

The core market path does not need a manual token whitelist. Users remain free to interact directly with contracts. Safety data is evidence, not a trade gate. Configuration and interface hosting can be replicated, while contract ownership should move to transparent multisig or governance controls before production.