# DEX

The Kodiak DEX is a decentralized exchange native to Berachain. The DEX is powered by its V2 (full-range) and V3 (concentrated) AMMs, both of which are based on their respective Uniswap AMM designs.

* Traders: enjoy seamless, low-slippage token swaps when liquidity for both tokens are sufficient.
* Liquidity Providers: flexibility to choose from various liquidity provision methods, some of which optimize fee efficiency.

{% hint style="info" %}
Kodiak's V2 AMM is based on Uniswap V2, which is powered by the constant product formula (𝑥 · 𝑦 = 𝑘). For technical documentation, please refer to [Uniswap's V2 Protocol documentation](https://docs.uniswap.org/contracts/v2/overview).\
\
Kodiak's V3 AMM is based on Uniswap V3, which introduced the concept of deploying liquidity at a specific price range. For technical documentation, please refer to [Uniswap's V3 Protocol documentation](https://docs.uniswap.org/contracts/v2/overview). \
\
However, unlike Uniswap, Kodiak has the fee switch turned on from the start.
{% endhint %}


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