This is an old revision of the document!
Support the Wavespedia Wiki by staking $WAVES to waveslease node for ongoing improvement and maintenance. If you want to volunteer to keep the wiki updated or have any suggestion join our telegram chat
Swop.fi is a revolutionary Automated Market Maker (AMM) that facilitates the seamless swapping of Waves with other digital currencies.
Unlike traditional markets, Swop.fi operates on a permissionless and automatic basis by utilizing liquidity pools. Users can exchange tokens instantly without having to create orders or wait for their execution.
The platform combines various types of liquidity pools, each implemented as a smart contract. The exchange rate is determined by algorithmic pricing and solely depends on the amounts of tokens stored on the smart contract. Swop.fi employs different price calculation formulas that are tailored to each specific token pair for optimal performance.
The SWOP Token
SWOP is the governance token of the protocol. SWOP holders can stake their SWOP tokens and get gSWOPs which generate staking income and provide many benefits. Fees support the SWOP price: 35% of swap fees in all liquidity pools are used to buy SWOP.
You can use staked SWOP tokens to:
Manage the distribution of liquidity pools’ revenue: Every week, SWOP stakers vote for pool weights for the next week. Pool weights directly affect liquidity providers’ income: the farming reward in SWOP is distributed among the farm pools in proportion to their weights.
Influence the appearing of new pools: SWOP stakers can approve or reject a request to add a new pool.
Participate in IDOs hosted on Swop.fi Launchpad: Swop.fi Launchpad provides you with an opportunity to buy tokens of third-party projects at an initial price, which can grow significantly as the project develops. The project tokens are sold for USDN, but most of them can only be bought by SWOP stakers.
Website: https://swop.fi
Twitter: https://twitter.com/Swopfi
Telegram: https://t.me/swopfisupport
$SWOP Info: https://wavescap.com/asset/SWOP/info
Price: https://wavescap.com/asset/SWOP
Richlist: https://wavescap.com/asset/SWOP/richlist