
Shadow Exchange
Shadow Exchange is a concentrated liquidity layer and exchange built on the Sonic network.

What is Shadow Exchange?
Shadow Exchange evolved from Andre Cronje's ve(3,3) model which theoretically solved user alignment, but had a flaw: the absence of an exit mechanism. Long lock-ups created a high friction system that forced users to lock tokens to participate equitably in the incentive model. xSHADOW makes incentive access more equitable for users by removing four-year locks and incorporating exit mechanisms.
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App store listings are independently reviewed and written by Alchemy using a combination of inbound submissions, editorial research, public project sources, and third-party directories, including ecosystem data from The Grid under the Open Database License, DefiLlama, DappRadar, Reown, and chain ecosystem pages.

