# Overview

**Woken Exchange** is the first AMM (Automated Market Maker) to offer the option to **customize the** **trading hour**s on liquidity pairs.

Based on the UniswapV2 (x × y = k) fork, we have developed a unique feature, the **Timekeeper**, which once enabled by the Builder/Project owner, allows to switch from 24-7 to **custom trading hours** on [swap](https://woken-exchange.gitbook.io/wokenexchange/woken-v1-our-solution/swap-open-closed), [mint & burn](https://woken-exchange.gitbook.io/wokenexchange/woken-v1-our-solution/pool-open-closed) functions on his LP.

{% hint style="info" %}
**Disclaimer**: In WokenExchange V1, we chose to link the Timekeeper to a **liquidity pair** (Token A + Token B) during creation, instead of a single token.

The Timekeeper's purpose is to prevent transfers of swap, burn, and mint functions on DEX liquidity pairs based on their settings.

**If a pair is closed, its liquidity cannot move.**
{% endhint %}

{% content-ref url="../faq" %}
[faq](https://woken-exchange.gitbook.io/wokenexchange/faq)
{% endcontent-ref %}

{% embed url="<https://app.woken.exchange>" %}
Woken V1 mainnet App
{% endembed %}

***

## Swap Open/Closed

If the Timekeeper is enabled for a pair, [swap](https://woken-exchange.gitbook.io/wokenexchange/woken-v1-our-solution/swap-open-closed) are only allowed if its market is open.

<figure><img src="https://1024955971-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FucapM7ajIRHbhMUaNv7T%2Fuploads%2FXKo84e4el2fEynX1weaX%2FCapture%20d%E2%80%99e%CC%81cran%202023-09-06%20a%CC%80%2013.02.36.png?alt=media&#x26;token=8cdcfecb-3631-4e1b-84ad-5d86a7bf87cb" alt=""><figcaption></figcaption></figure>

{% content-ref url="swap-open-closed" %}
[swap-open-closed](https://woken-exchange.gitbook.io/wokenexchange/woken-v1-our-solution/swap-open-closed)
{% endcontent-ref %}

***

## Pool Open/closed

If the Timekeeper is enabled for a pair, the [add (mint) and remove (burn)](#pool-open-closed) functions are only allowed if its market is open.

<figure><img src="https://1024955971-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FucapM7ajIRHbhMUaNv7T%2Fuploads%2FbDCmlCP3HOehEaPrbWfO%2Fpool.png?alt=media&#x26;token=90c32818-70cf-41eb-922f-8101056f28d1" alt=""><figcaption></figcaption></figure>

{% content-ref url="pool-open-closed" %}
[pool-open-closed](https://woken-exchange.gitbook.io/wokenexchange/woken-v1-our-solution/pool-open-closed)
{% endcontent-ref %}

***

## Timekeeper : a tool, an option

The **Timekeeper is an option** that a Project owner / Builder can enable or disable if he wants to customize the trading hours of his liquidity pair on the DEX. \
This means he can switch from 24-7 to customized trading hours according to his needs.

[Timekeeper management](https://woken-exchange.gitbook.io/wokenexchange/woken-v1-our-solution/timekeeper) is facilitated by a dedicated, intuitive and easy-to-use interface.

<figure><img src="https://1024955971-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FucapM7ajIRHbhMUaNv7T%2Fuploads%2FkAY4wmPIQCeqxrdLleJP%2Ftkpage.jpg?alt=media&#x26;token=08ac3839-7f6f-439a-8400-50a902b257eb" alt=""><figcaption></figcaption></figure>

{% content-ref url="timekeeper" %}
[timekeeper](https://woken-exchange.gitbook.io/wokenexchange/woken-v1-our-solution/timekeeper)
{% endcontent-ref %}

***

## Cerified Projects

Timekeeper is a tool, an option, and we want it to be available to as many people as possible.&#x20;

That's why the DEX is cross-chain, allowing any Project owner / Builder to create their liquidity pair and customize their trading hours.&#x20;

* It's up to them to notify their community of any time changes
* And, as any web3 project, it's up to the community to trust builders / team behind a project

<mark style="background-color:red;">**But this can also be a barrier for some investors...**</mark>

That's why Woken Exchange offers the possibility of becoming a **Certified Project**, via a Role function, in order to manage trading hours on a community basis on the Woken DAO. \
\
Becoming a **Woken Certified Project** also give many advantages for a Project owner / Builder: increase visibility, participation in protocol evolutions, custom LP fees, exclusives features, etc.

\
The **Timekeeper** is an option that Project Owners / Builders can enable/disable if they want to customize the trading hours of their pair on the DEX, according to their needs.

{% content-ref url="certified-projects" %}
[certified-projects](https://woken-exchange.gitbook.io/wokenexchange/woken-v1-our-solution/certified-projects)
{% endcontent-ref %}

***

## DAO

The **Woken DAO** allows you to submit and vote for the protocol evolutions, and also to vote for the trading hours of the Woken Certified Projects.

<figure><img src="https://1024955971-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FucapM7ajIRHbhMUaNv7T%2Fuploads%2F5D2DZQN9lsL1euG8N7v4%2FCapture%20d%E2%80%99e%CC%81cran%202023-09-10%20a%CC%80%2015.22.07.png?alt=media&#x26;token=dc40de1d-ceee-4b71-a22a-9774e4f0364b" alt=""><figcaption></figcaption></figure>

{% content-ref url="dao-vote" %}
[dao-vote](https://woken-exchange.gitbook.io/wokenexchange/woken-v1-our-solution/dao-vote)
{% endcontent-ref %}