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Summary of Swop
- Swop.fi is an automated market maker (AMM) offering different pricing formulas for each token pair.
- Formulas used: Flat (for stable coin pairs) and Constant Product Market Maker (for other pairs).
- Liquidity providers earn 5-50% APY on top of trading fees through daily payouts.
- Rewards are also given in SWOP, the protocol’s governance token.
- Based on the Waves blockchain, with:
- Fast transaction addition to the blockchain (in seconds).
- Low network fee for smart contract invocation (0.005 WAVES, a few cents).
About Swop: Empowering a New Era of Decentralized Trading
Swop.fi, an innovative automated market maker (AMM), boasts a versatile range of pricing formulas, each meticulously tailored to optimize performance for specific token pairs. The pioneering Flat formula is specifically designed to mitigate slippage in pairs of stable coins pegged to the same fiat currency, while the time-tested Constant Product Market Maker formula is employed for other pairs.
Swop.fi allocates a segment of pools’ liquidity, with daily payouts incorporated into the pools, thereby augmenting liquidity providers’ income by an additional 5–50% APY, complemented by trading fees. Furthermore, Swop.fi incentivizes liquidity providers with rewards in SWOP, the protocol’s governance token.
Swop.fi is built upon the Waves blockchain, guaranteeing rapid transaction processing, with additions to the blockchain achievable in mere seconds, and a nominal network fee of only 0.005 WAVES (equivalent to just a few cents) for smart contract invocations.