Swop.fi is an automated market maker (AMM) that offers different pricing formulas that are most suitable for each specific token pair. The original Flat formula is designed to reduce slippage in a pair of stable coins pegged to the same fiat currency. The classic Constant Product Market Maker formula is used for other pairs.
Swop.fi stakes a portion of pools’ liquidity, and daily payouts are included in pools, adding another 5–50% APY to liquidity providers’ income on top of trading fees. Swop.fi also rewards liquidity providers in SWOP, the protocol’s governance token.
Swop.fi is based on the Waves blockchain, ensuring that transactions can be added to the blockchain in just a few seconds and the network fee for a smart contract invocation is only 0.005 WAVES (a few cents).
The live Swop.fiprice today is $20.69 USD with a 24-hour trading volume of $33,466.03 USD. Swop has no change in the last 24 hours. The current CoinMarketCap ranking is #3116, with a live market cap of not available. The circulating supply is not available and a max. supply of 6,000,000 SWOP coins.
60% of exchange fees are accumulated in the pool. 40% of exchange fees are governance fees: they are converted to USDN and used to buy SWOP in the new SWOP-USDN pool. SWOP tokens purchased with governance fees become the reward for SWOP token holders who have staked their SWOP tokens.
Swop.fi , each liquidity pool containing USDN, NSBT, or EURN stakes a portion of its amount to the Neutrino smart contract, and daily payouts are added to the pool liquidity. This increases the total amount of USDN (for NSBT staking, payouts in WAVES are converted to USDN) or EURN in the pool, similar to LP fees. SWOP liquidity from the SWOP-USDN pool is not staked.
What is the difference between share token and SWOP?
Share token is an accounting tool that represents your share of the total pool liquidity. You receive such tokens when you add liquidity and return them when you remove liquidity with collected fees and staking rewards. When swaps happen, staking rewards are accrued, and other providers add and remove liquidity, share token tracks which portion of the underlying liquidity you are entitled to. SWOP is the governance token of the protocol and a special incentive for liquidity providers who staked their share tokens.
What is SWOP token?
Swop.fi is the governance token of the protocol. SWOP holders can stake their SWOP tokens to earn the governance reward in SWOP. SWOP stakes will soon be able to vote for distributing the SWOP-farming reward between liquidity pools. Subsequently, the voting scope will expand, SWOP stakers will be able to govern significant parameters of the system.
The Swop.fi price is supported by governance fees that are currently 40% from swap fees in all liquidity pools. Governance fees are converted to USDN and used to buy SWOP in the new SWOP-USDN pool. The daily buyout volume cannot exceed 1% of the SWOP amount in the pool..
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