EquitySwap provides a new market cap growth model that enables projects always have good liquidity on price rises. It also reduces impermanent loss and trading slippage. For new projects: there is better liquidity even without external adding liquidity. For mainstream coins: impermanent loss is reduced to about one-tenth of Uniswap, users and market makers can get rising profits and 30%-100% annualized returns. Combined with the precise incentive and rebate mechanism, it can gradually replace CEX to achieve the full decentralization of trading. EquitySwap 首创了新的市值增长模型，让项目在价格上涨的过程中始终有较好的流动性，同时能降低无常损失和交易滑点。 对于新上线的项目：在无外界添加流动性的情况下，当项目市值上涨到十万亿美元时，仍然具有较好的流动性。 对于主流币：无偿损失降到 Uniswap 的十分之一左右，用户和做市商质押流动池既可享受到价格上涨的红利，又能享受到 30% - 100% 的年化收益。 新功能搭配精确的激励机制，可以逐步取代 CEX，实现交易的全面去中心化。