🔄Instant Swap

Pulsar TWAMM's embedded AMM provides instant swap of tokens, which follows the constant product formula $x \cdot y = k$ , where a swap does not change the product of a pair of reserve balances, $k$ often referred to as invariants.

TWAMM's instant swap is exactly the same as Uniswap's token swap, but due to TWAMM's specificity, the status of the Term Swap is updated each time the instant swap is performed, which is used to calculate the term swap rewards for LongTerm Orders.