Tinyman is a reimagined decentralized trading protocol, utilizing the fast and secure framework of the Algorand blockchain to create an open and safe marketplace for traders, liquidity providers, and developers. Tinyman, built by a team with experienced fintech backgrounds, is on a mission to realize the full potential of DeFi, or financial tools that run on blockchain and are inclusive, accessible, and profitable for users far and wide. With the community-focused, cheap, fast, and fully permissionless Tinyman protocol, users are able to trade any Algorand Standard Asset (or Algo) through liquidity pools using an Automated Market Maker (AMM) algorithm.
Tinyman has been able to overcome scalability and usability challenges--big hurdles for some emerging DeFi ecosystems--by leveraging the Algorand blockchain’s decentralized layer-1 solution, which utilizes the unique Pure Proof-of-Stake (PPoS) consensus mechanism. The Algorand PPoS protocol enables platforms like Tinyman to scale to millions of users while sustaining a high transaction rate without incurring significant cost to participants, and while remaining energy efficient and friendly to the planet.