LOVELY V3 Swap is a Multi Chain Supported Automated Market Maker, implemented first on the BNB Chain. In comparison to V1/V2 Swap of the protocol, LOVELY V3 Swap provides increased capital efficiency and fine-tuned control to liquidity providers, improves the accuracy and convenience of the price oracle, and has a more flexible fee structure.
The LOVELY V3 Swap protocol is a peer-to-peer1 system designed for exchanging cryptocurrencies (BEP-20 Tokens) on the Binance Smart blockchain. The protocol is implemented as a set of persistent, non-upgradable smart contracts; designed to prioritize censorship resistance, security, self-custody, and to function without any trusted intermediaries who may selectively restrict access.
LOVELY V3 Swap is open source with slight modifications, which are viewable here. Each version of LOVELY V3 Swap, once deployed, will function in perpetuity, with 100% uptime, provided the continued existence of the Binance Smart Chain.