The Venera swap protocol provides users with the ability to trade, bet, farm, and more.
Description of the Venera Swap exchange
VeneraSwap — a decentralized exchange, positioning itself as the latest automated market maker (AMM) on the Binance Smart Chain network. Venera will offer liquidity pairs, including BNB, low trading fees and a simple and easy user interface. There is a fee for each swap on Venera, which will be shared among liquidity providers (LPs).
Its long-term goal - to become a DAO. Implementing iVSW will give users the power to decide what happens to the project. By holding iVSW, you can vote on the pool allocation every week, which directly changes the APY. Improved farms will have a deposit fee of 1% (0.8% goes to owners and 0.2% goes to development funds). A 0.8% fee helps to redeem VSW and distribute it weekly to iVSW holders. Owning 1 iVSW entitles the user to 1 vote, which can be used once a week to vote on the distribution of farm emissions, as well as vote on project improvement proposals.
Other features:
| 1. | To receive iVSW, users must lock their VSW for a specific amount of time, which is set by the user. |
| 2. | The blocking period ranges from 7 days to 4 years. The more time a user blocks their VSW, the more iVSW they will receive. |
| 3. | The amount of iVSW will start to decrease in the user's wallet until it becomes 0. This means that the lock time has expired and the VSW can be withdrawn. |
Each exchange to VeneraSwap is subject to a commission of 0.25%. 5/6 of the fee goes to the liquidity providers of that liquidity pool. 1/6 of the reward is divided into 75%, which is distributed to the reward pool, which is distributed among all iVSW holders. 25% goes to the development and treasury of the DAO.
Referral program
Share a referral link, associated with your unique address, to invite your friends and earn 7% of your friends' earnings forever. If person A links to B, and person B uses the affiliate link and bets in the farm or pool, they get 5% of their earnings. And if B invites another person C and C stakes to the farm, B will receive a referral reward of 5% and A will receive 2%.