SpaceSwap — a DeFi aggregator with interesting features. SpaceSwap offers more options for liquidity providers. It distributes MilkyWay (MILK) tokens to users who make deposits in cryptocurrency.
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Description of the SpaceSwap platform
At SpaceSwap DEX, users provide their cryptocurrency liquidity and receive tasty rewards on top of APY rates as well as Milky Way Coins (MILK). SpaceSwap differs from Uniswap in that it has more cool features and goodies on its menu, such as the MILK-SHAKE pool with high APY rates and SHAKE stablecoins for additional income.
MILK — a proprietary SpaceSwap token that is paid to liquidity providers. During the generation of the first 100,000 blocks, the reward in the form of MILK coins will be increased tenfold (1000 MILK) for distribution to the first users. With the generation of the next block, these coins will be unlocked and sent to liquidity providers in proportion to their deposit. After that, each block will generate 100 MILK coins. The following coins are used for this protocol: MILK (control coin) and SHAKE (stablecoin).
How to start using SpaceSwap:
| 1 | On the main page of Space Swap, click on the "Connect Wallet" button. The platform currently supports the Metamask browser wallet, more wallets will be added soon. Next, give permission to connect your wallet to Space Swap. |
| 2 | Go to the “Home” tab, where you can view the total liquidity in the Space Swap pools and the number of MILKs in your order book. To do this, you need to buy MILK on Uniswap and receive MILK coins as a reward for placing a bet in the Milky Planet pools. |
With Space Swap's products, you can receive MILK tokens easily. There are only 10 tokens, namely: Strawberry, Classic, Chocolate, Liquorice, Almond, Orange, Сinnamon, Pistachio, Raspberry and Blueberry. Each token has a different number of APYs, the largest APY is at Strawberry (434.39%), and the smallest is at Blueberry (163.98%), respectively, the higher the APY, the better the receipt of MILK tokens will be.
Additional information
The platform developers plan to improve the Uniswap protocol and add new functions. Other major DeFi protocols such as Curve, Compound, Yearn and others will be added over the next few months. Thus, the platform will turn into an aggregator of the main DeFi services. The site does not have a WhitePaper document, so you can find the necessary information on the main page, as well as in the blog.
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