Swop.fi — a coin defi service for instant cryptocurrency exchange and receiving passive income from investments in cryptocurrencies.
Contents:
About the Swop.fi project
Swop.fi — a service for instant cryptocurrency exchange and passive income from investments in cryptocurrencies. Swop.fi runs on the Waves blockchain, which provides low network fees and high transaction speed. The exchange price depends only on the amount of both tokens in the pool and on the volume of the transaction. The larger the transaction volume, the more the price changes.
You can get passive income in two ways:
| 1 | Invest in one of the pools, becoming its liquidity provider. Liquidity helps to exchange cryptocurrency with other users of the defi app. |
| 2 | Stake a SWOP control token. |
A liquidity provider's income is made up of several parts. First of all - commissions for exchanges. A commission is charged for each exchange operation, 60% of the commissions remain in the pool and are distributed among the liquidity providers. Next comes the income from Neutrino staking. Pools, containing USDN, NSBT or EURN, automatically transfer up to 99% of these assets to the Neutrino smart contract.
The farming reward is for liquidity providers who have staked their equity tokens. A new portion of the reward becomes available with the appearance of each next block on the blockchain. In the first year after as the SWOP appears, 1 million SWOPs will go to the liquidity providers, in the second year - another 1 million and every year by 25% less. The maximum number of issued SWOPs - 6 million. SWOP token staking income consists of 40% of the exchange fees in all pools, converted to USDN and used to buy SWOPs in the SWOP-USDN pool. A new portion of the reward becomes available approximately once an hour.
More about this defi chain
The smart contract code can be viewed on the blockchain or on GitHub. The web application only makes it easier for users to interact with smart contracts and provides convenient access to statistics. The service does not receive any remuneration. Part of the income goes to liquidity providers, the other part goes to SWOP staking participants. The Swop.fi team is working on new features, designed to attract users and investors, increase liquidity and demand for the SWOP management token.
You can get more information about the project through the "Documentation" section. There are guide, FAQ and RoadMap. From social networks, the community leads:
Subscribe and read the latest news. The smart contract audit is available for viewing.