Rayls Swap: the official Public Chain DEX with Algebra

Rayls Swap, the official decentralised exchange on the Rayls Public Chain, has been built on the Algebra Integral technology stack. Algebra is the white-label DEX infrastructure already in production across more than 100 protocols, and it sits at the heart of how liquidity, swaps, and routing work on the Rayls Public Chain.

The Public Chain is the layer where tokenised assets bridged in from Privacy Nodes, yield-bearing vault tokens, and the wider universe of onchain capital come together in one venue. For that environment to function for institutional issuers, and for the DeFi participants who interact with their assets, the chain needs a DEX that is capital-efficient, audited, modular enough to evolve with new asset types, and built by a team with a multi-year operational record. Algebra meets each of those criteria, which is why we have selected them as the technology partner for Rayls Swap.

Algebra Labs

Algebra Labs is the team behind the modular concentrated-liquidity AMM that now powers more than 100 production DEXs, including QuickSwap, Camelot, THENA, and StellaSwap. 

Algebra provides white-label CLAMM model for building customizable DEXs across RWA, AI, DeFi, gaming, and beyond. With V4 plugins, ve(3,3), and integrations with aggregators, bridges, yield protocols, and launchpads, teams get a flexible, battle-tested foundation for swaps & liquidity, plus broad ecosystem support out of the box without building from scratch.

The current generation of the protocol, Algebra Integral, is a plugin-based Concentrated Liquidity Automated Market Maker, or CLAMM, that retains compatibility with the Uniswap V3 interface while solving two critical problems for an institutional-grade chain: capital efficiency and the ability to upgrade pool logic without forcing liquidity providers to migrate. Pool fees can be made dynamic rather than fixed at preset tier levels, and new functionality is introduced through plugins that attach to existing pools, so the protocol can adapt to new asset classes and routing requirements without a disruptive relaunch.

What Rayls Swap does

Rayls Swap is the canonical trading venue on the Rayls Public Chain. It is built around the two-way flow that defines the Rayls architecture, which means that tokenised assets that originate inside a Rayls Privacy Node, that have bridged, are tradeable against $USDr, $RLS, and other listed assets within one unified liquidity surface. Yield-bearing vault tokens are routable through the same DEX, so that secondary-market exit, rebalancing, and price discovery happen in one place rather than being fragmented across multiple venues.

Because Algebra Integral is plugin-based, Rayls Swap can introduce new features over time without asking liquidity providers to move their positions. Adaptive fees that respond to volatility, custom routing logic for tokenised assets, and the ability to layer institutional controls into specific pools are all reachable within the same modular framework.

How Algebra fits the wider Rayls architecture

Rayls is built around the idea that institutional and public liquidity should connect rather than compete, and the Rayls Public Chain is where that connection actually happens. The DEX that sits on the Public Chain has to do more than a generic AMM would, because the assets passing through it are not generic. They include tokenised treasury and trading instruments, yield-bearing vault shares whose price discovery feeds back into institutional balance-sheet decisions, and, once Enygma is deployed on the Public Chain (targeting later in 2026), shielded transactions for confidential institutional flows including private-stablecoin cross-border payments. The combination of concentrated liquidity, dynamic fees, and modular plugin architecture means Rayls Swap can be tuned to the asset types the Rayls ecosystem actually serves, rather than inheriting a one-size-fits-all DEX template.

We also evaluated Algebra against the same institutional must-haves we apply to every part of the stack. The Algebra contracts have been audited and are in production at meaningful scale, the codebase is modular enough to accommodate compliance and routing requirements that are specific to tokenised assets, and the team has a multi-year track record of supporting large DEXs in adversarial onchain environments. That combination of security, flexibility, and operational maturity is why we chose Algebra over alternative AMM designs.

Rayls Swap, built on Algebra DEX model, gives the Rayls Public Chain a DEX that institutional issuers and the wider onchain market can both rely on, and it moves the public layer of the Rayls ecosystem closer to its core purpose of connecting tokenised institutional assets with public liquidity.

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