S.Finance — a DeFi project that starts by offering a stable currency exchange service. Compared to UniSwap, this platform uses StableSwap algorithm, similar to Curve, which is smoother than UniSwap algorithm and can achieve low slippage. In other words, S. Finance can offer a more stable price and lower service fees in terms of stable currency exchange.
Contents:
Description of the S.Finance
S.finance wants to build a stable currency project, entirely based on the community, where rights and interests are allocated entirely on the basis of contributions, and the leadership of the team in the development process is diluted so that the best ideas can be tested in S. Finance.
In the early days of S. Finance, investors could receive rewards mainly in two parts: providing liquidity to receive transaction fees and placing LP assets to receive token rewards. The platform will charge a 0.04% commission to provide users with stable currency exchange services, which will be paid to liquidity providers. The higher the transaction volume, the higher the income of liquidity providers. This circle will attract more liquidity providers, thereby generating positive feedback.
Some features:
| Firstly | A liquidity provider can bet on LP for mining. |
| Secondly | In addition, S.Finance has an incentive mechanism to encourage people to contribute a stable token, which shows a lower percentage in the pool. |
| Thirdly | The reward comes from a higher market price and a lower share of the pool. At the same time, it also has an incentive policy. Therefore, users withdraw tokens at a higher percentage in order to receive a reward. |
Going forward, S. Finance will begin a large community management practice of the platform with stable token swapping, connecting the more valuable DeFi project to provide support for its underlying assets, as well as offering lending and insurance services for investors, after which it will become the infrastructure of the blockchain world.
Additional information
There is no WhitePaper document on the site. The creators of the platform blog on the Medium platform. Articles are published there.
There are next social networks:
- twitter;
- telegram;
- discord.
The smart contract doesn't have an audit.