Agoraswap is a Uniswap v2 style x * y = k DEX with a few retrofits.
It is primarily designed for trading yield generating assets. For example: While it can support a USDC-Metis LP as well as any other Uni v2 DEX, it caters primarily to kToken LPs such as kUSDC-kMetis LP.
kTokens are receipt tokens received from supplying various assets on the Agora Money Market.
Creating a kToken LP means that the LPs receive lending APY as well as trading fees generating more fees for LPs. This also allows us to have lower trading fees, which are set to 0.1% as compared to the typical 0.3% of other Uni v2 forks.