Narwhalswap is going to expand the DeFi ecosystem on the Binance Smart Chain. This is the most powerful network at the moment.
Contents:
About Narwhalswap
Narwhalswap — an AMM protocol, but it is on the Binance Smart Chain. The developers are focused on expanding the DeFi project along this chain to overcome obstacles and make the DeFi world a better place. To expand the DeFi project, a blended design concept is applied to attract many crypto investors and developers.
The Narwhalwap exchange is an easy way to exchange one BEP-20 token for another through automated liquidity pools. In Swap V1, when you make a token exchange (trade) on the exchange, you pay 0.30% of the trading commission, returned to the liquidity pools in the form of a commission reward.
АММ model:
| 1 | A common AMM model - by depositing a pair of tokens into the liquidity pool, the trader will receive a commission as a percentage of the transactions in the pool. |
| 2 | At the moment, the most popular model combines the AMM model with Yield Farming. This model provides for the placement of a Liquidity Pair token from a pool of tokens, which, in turn, brings even more rewards to the trader. |
| 3 | This rate of LP tokens for receiving rewards is also known as liquidity mining. |
Many new projects on the BSC network provide the ability to bet on popular token pairs such as BNB / BUSD. And the more popular the project becomes, the higher the demand for it grows, as traders compete for the project's unique LP tokens in order to receive high-yield rewards. This is the key reason that the BSC network is now replete with AMM projects. Some of these projects follow a model that allows tokens to be minted an unlimited number of times. When demand becomes less than supply, inflation occurs.
What is the difference between this system?
To address the challenges and move towards greater resilience, Narwhalswap created a protocol to optimize the system. Narwhalswap provides liquidity mining that takes full advantage of other BSC projects on the network and will continually invite more projects to join this effort.
The Narwhalsap protocol will allow the placement of tokens from other projects that will provide the trader with an NLP token. With this NLP token, you will be able to earn NAR tokens, as well as use rNLP tokens to generate liquidity in other quality projects of the BSC network. Through this initiative, it is possible to help other projects to gain the freedom to develop their own token without the burden of creating and maintaining their own swap on the BSC network.
Additional information
At the moment, there is no White Paper on the site, but the developers provide another introductory document.
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