> For the complete documentation index, see [llms.txt](https://docs.capybara.exchange/english/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.capybara.exchange/english/overview.md).

# Overview

Capybara brings an innovative, scalable algorithm and design, low-slippage single-sided DEX on Dragon Chain backed by Kaia Chain (merge of Klaytn and  Finschia)!

<figure><img src="/files/ltJJmt982dRO8MYWmWJL" alt=""><figcaption></figcaption></figure>

## What makes Capybara unique?

There are four significant benefits that Capybara brings:

1. **Scalable Equilibrium:** Innovate [coverage-ratio-based](https://docs.wombat.exchange/concepts/coverage-ratio) stableswap mechanism to remove scalability barriers, which allows the possibility of achieving 100% capital utilization with no impermanent loss.
2. **Slippage minimization**: Capybara adopts the asset-to-liability model; slippage is negated until higher transaction amounts are reduced when it occurs.
3. **User-Friendly UI/UX**: Simple and accessible interface with pure single token pool design.
4. **Foundation for DeFi to build upon**: A pure single-token pool design enables single-token LP tokens, ideal for borrowing and lending protocols and trading platforms to build on top of.
5. **Mature Environment:** Kaia Chain is built for the the masses specifically for DeFi, Capybara is at where it's belonged.
6. **Solid Partner:** First Kaia Chain Grant recipient: totaling $2M+ 💰