Intent-Based Swaps

Definition ∞ Intent-based swaps are a new paradigm in decentralized exchanges where users express their desired outcome for a trade rather than specifying precise execution parameters. An underlying solver network or market maker then competes to fulfill this “intent” in the most optimal way, often across multiple liquidity sources. This approach aims to reduce user complexity, minimize slippage, and abstract away the technical details of routing orders. It represents an evolution from traditional automated market makers.
Context ∞ News reports on intent-based swaps often highlight their potential to significantly improve user experience and capital efficiency in decentralized trading. They address limitations of existing DeFi exchange models by offering more sophisticated order execution and better price discovery. The development of robust solver infrastructure and standardized intent languages is a key area of focus for this emerging technology.