PaintSwap — a decentralized finance hub that combines an open NFT marketplace with a decentralized exchange (AMM) on the ever-growing Fantom Opera network. Offering farm pairs that include Fantom, low trading fees and a user-centric experience, PaintSwap aims to improve the definition of decentralized exchange while promoting the utility and promise that the Fantom Opera Network represents.
About the PaintSwap project
The goal at PaintSwap Finance - to provide competitive annual interest rates to interested liquidity providers, thus creating a fantastic user experience with minimal transaction slippage for the end user, and to create them in a structure that will ensure sustainable and long-term growth.
Project features:
| 1. | Buy, offer or stake thousands of NFTs on the open market. |
| 2. | Create your own NFT by uploading data or through the studio and put it up for sale. |
| 3. | Browse dozens of beautiful carefully curated collections. |
| 4. | Exchange between FTM, USDC, BRUSH and many other tokens on a decentralized exchange. |
| 5. | Provide liquidity on farms to earn commission and extra BRUSH. |
Farms provide additional incentives for users to hold an LP (liquidity pool) position, which benefits the PaintSwap ecosystem by allowing other users to trade with high liquidity. Users are rewarded in the form of $BRUSH in proportion to the amount of their bets on farms.
In order to enter the farm, you need to have LP tokens, which can be obtained by entering an LP position on the liquidity page on Spooky.fi. Just by having LP, you will earn commissions for trading LP from SpookySwap. After that, you can stake LP tokens on the farms page to earn a $BRUSH reward.
Farms in PaintSwap will evolve over time with additional $BRUSH blocking features and BRUSHdao management, but are currently managed by the PaintSwap team. New farms can be created for promising $BRUSH tokens with significant liquidity. Conversely, farms can be terminated if the provided $BRUSH liquidity falls below standards.
Staking on the platform
Staking — a lower risk, lower reward alternative than farming, giving users the ability to generate rewards simply for having $BRUSH. PaintSwap gives users the ability to use the resulting $BRUSH and make it work for them. PaintSwap offers users a one-way $BRUSH bid pool. Existing staking pools can be seen on the staking page. Within tokenomics, 50% of rewards are distributed over 3 months.