Swerve Finance — a DeFi project, forked from Curve. SWRV is 100% community owned. SWERVE is said to have no fake deployment, no dubious pre-mining, no founder controlling the majority of votes in management, no suspicious team proposals and no 30% split among so-called "shareholders".
Contents:
Description of the Swerve Finance project
This is a simple delivery of 33 million tokens, entirely owned by the holders, the liquidity provider community and the users. To kickstart the protocol and encourage users to try Swerve, a larger distribution of SWRV tokens will get rewards in the first two weeks.
SWRV Token Allocation (fully awarded by LP):
- 9 000 000 SWRV (2 weeks);
- 9 000 000 SWRV (1 year);
- 3 000 000 SWRV (2-6 years).
Total: 33,000,000 SWRV tokens.
In addition to a fair and 100% distribution of tokens and no pre-mining, Swerve launches with the launch of just one pool, using DAI, USDC, USDT and TUSD stablecoins. This significantly reduces gas costs, compared to using Y tokens.
Developers do not want LPs to be forced to provide liquidity to additional pools that they might not want to participate in, just for the sake of rewards.
Some features:
| Firstly | The vote will appear in the DAO in about 24 hours. |
| Secondly | The whitelist for smart wallets in the voting contract has been removed, smart contracts like the YFI ecosystem should be able to participate. |
| Thirdly | Finally, the SWRV voting rate hike takes effect one hour instead of two weeks, so you can start right away. |
Swerve's goal - to create a community that will survive after incentives disappear. Its users and farmers own the Swerve, not the founding team and investors. The platform will present fair returns to everyone and invite you to join the experiments in the field of protocol pricing.
Additional information
At the moment, White Paper and RoadMap are not available on the site. The developers provide only a short description on the main page. If you want to stay up to date with all innovations, subscribe to the community on these social networks:
- twitter;
- telegram;
- discord.
The smart contract doesn’t have an audit.