🚨 Swaap Protocol and Confirmed $SWAAP
@SwaapFinance token is not live yet, but you can already start to collect it! Let's check what this protocol offers
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#AlphaInsiders 🧵🕵️♂️⚡️🪂
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⭕️ What's Swaap?
Swaap is a decentralized exchange (DEX) and the first market-neutral Automated Market Maker (AMM). It leverages a combination of oracles and dynamic spread to provide sustainable yields for liquidity providers and cheaper prices to traders.
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#Swaap reduces arbitrage trading, a phenomenon whereby external actors extract value from a pool by taking advantage of price differences within the market.
Liq Providers access sustainable market-making strategies and reduce Impermanent Loss & offer multi-asset pools.
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⭕️ Swaap Token
$Swaap Token is already confirmed. Tho the tokenomics is not released yet but since it's a governance token we can expect a % to be airdropped to the community and early users.
The token is not live yet, but you can already start to collect it! 🤑
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⭕️ How to collect $Swaap ?
By LPing into Swaap pools you are eligible for future token rewards. It works like a liquidity mining program, but retroactive. The number of tokens you will be able to collect will depend both on the amount of liquidity deposited and the timeframe.
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The protocol is Beta and there might be bugs/Risks and this isn't a FA / Always DYOR before interacting with any protocol.
The protocol's smart contracts have been audited by two different leading firms in the field: Chainsecurity and Runtime Verification. 🛡️
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You can Trade/Swap a few tokens and you can provide LP.
You can select a token either from the pool's tokens or among a list of blue chips assets.
To match the pool's composition, we will automatically swap your token at the best rate using 0x Protocol.
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Link:
🔸beta.swaap.finance
Discord:
🔸discord.com/invite/vMNHgz7…
Whitepaper:
🔸swaap.finance/whitepaper.pdf
Docs:
🔸docs.swaap.finance
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If you like my threads and wish to see more or join the giveaways Make sure to like and RT the first tweet.
⭕️ Will share big surprises for Lens followers 😉
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#AlphaInsiders 🕵️♂️⚡️🪂
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