# Welcome to CobaltX

**What is CobaltX?**

CobaltX is an Automated Market Maker (AMM) built on the Soon Network, offering ultra-fast transactions, permissionless pool creation, and advanced yield-earning opportunities.

**What Makes CobaltX Unique?**

CobaltX introduced the first hybrid AMM, setting it apart from other AMM decentralized exchanges (DEXs) and DeFi protocols. Unlike traditional platforms, which rely solely on their own liquidity pools, CobaltX’s novel design allowed idle pool liquidity to be shared with central limit order books using the constant product formula.

Currently, CobaltX's hybrid AMM pools are in Swap Only mode, meaning liquidity is not being shared with third parties, ensuring focused and optimized performance.

CobaltX offers a few key advantages and products:

1. **Faster and More Affordable Transactions**: Leveraging the efficiency of the Soon Network, CobaltX delivers transactions significantly faster than Ethereum, with gas fees that are a fraction of the cost..
2. **Permissionless pool creation:** Easily create concentrated liquidity pools (CLMM) for any asset without restrictions.
3. **Ecosystem Rewards:** Users and projects can add token incentives to any pool or pair, boosting yields for liquidity providers.

**What Can You Do on CobaltX?**

**Trade and swap**

Effortlessly exchange any two tokens using CobaltX’s fast and intuitive swap feature, powered by its liquidity pools.

**Create a Pool**

Launch a pool for any asset with just a few clicks. Once created, your pool will be tradeable through CobaltX’s routing program and accessible across the Soon ecosystem.

**Earn Trading Fees** By [providing liquidity](https://docs.cobaltx.io/liquidity-providers/providing-concentrated-liquidity-clmm) you can [earn trading fees](https://docs.cobaltx.io/protocol/protocol-fees) on every swap processed through your pool.

**Earn COBALTX Tokens**

Maximize your rewards by farming liquidity pools, staking, and exploring more yield-generating features coming soon.

**Empower Your Project**

CobaltX offers a permissionless suite of tools to power your project. From creating pools to leveraging liquidity incentives, you have everything you need to supercharge your DeFi initiatives.


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