Swap.rate - an Opium protocol-based product with a user-friendly interface, a powerful and very advanced mechanism that best meets the needs of users.
Contents:
Description of Swap.rate
Now the platform is mainly focused on Compound, since it is the most active and liquid platform. Thus, the user can choose from several products:
- difficult delivery;
- borrowing rates of DAI, USDC and SAI.
You can also easily change your existing positions in the "Deposits / Credits" section. You only need to indicate the nominal date and maturity date and sign the meta transaction. After the payment deadline, the amount you receive will be automatically credited to your account.
Simply put, you can get insurance for your existing DAI deposit.
How does it work?
You can fix your floating rate for a deposit or loan by entering into an interest rate swap (IRS) - a special insurance contract - that will pay the difference between the promised fixed rate and the realized rate at the time of repayment. Work in several stages:
| Start | The platform offers a fixed rate of 10% on a complex deposit, and you can take advantage of this offer. |
| Compound deposit | If the nominal value of your compound deposit is 100 DAI, then you only need to indicate the nominal amount on the platform and the maturity period in which you are interested. For example, to block a bid, it could be three months. |
| Island | After three months, if the rate that you receive on your deposit is only 7%, you will receive the remaining 3% of the IRS. However, if by the end of three months the interest rate on your deposit is 12%, then you will pay 2% in the IRS, as a result of which, in any case, you will receive 10%. |
To enter into an agreement, Swap.rate freezes accounts before the due date to guarantee payment from you or to you. In the next update, developers will increase the amount of accepted currency, as well as change the application interface.
Additional information
There is no White paper on the project, but in the next update, the company wants to add it to the platform. If you have any questions, then you can ask questions in the social networks of the project. Namelyо:
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