Monday, June 7, 2021

DeFi Swap available on the Ethereum network

DeFi Swap is now available on the Ethereum network and offers a number of interesting features that may come in handy for cryptocurrency users. DeFi [...] https://www.pinterest.com/pin/1085437947660215829/

DeFi Swap is now available on the Ethereum network and offers many interesting features that cryptocurrency users may find useful. DeFi Swap The protocol includes 5 main features: Swap: users can exchange any two supported tokens after paying an exchange fee of 0.3 percent; Pool: each pool consists of reserves of two ERC-20 tokens and issues an ERC-20 token as proof of proportional ownership of the underlying reserves; Boost: allows to increase returns in DeFi's CRO; APY: liquidity providers (LPs) can estimate their profit in CRO DeFi; Analytics: users can analyze data on the CRO DeFi Swap protocol token/pair, including liquidity, trading volume, etc. Liquidity providers (LPs) will be rewarded with a portion of the collected 0.3 percent of trading volume in their respective liquidity pools. They can also stake CROs to increase their returns (up to 20x!). NOTE: CRO DeFi profitability and bonus LP profit depend on the amount of CROs placed and the period of CRO stake. The minimum amount of this type of investment is 1000 CROs, and users can choose the stake period from 1 to 4 years. You can use the DeFi swap calculator to estimate the profit you are entitled to. Other details Your CRO DeFi profit is updated daily at 08:00 UTC time. Crypto.com will guarantee a minimum prize pool of 14,000,000 CRO for the first 14 days (1,000,000 CRO per day). The list of tokens available for exchange is as follows: (Wrapped) Ether (WETH); Tether (USDT); USD Coin (USDC); Dai (DAI); Chainlink (LINK); Compound (COMP); Crypto.com Coin (CRO). The smart contract in the project maintains a constant using the following function: x * y = k. In this case x = token A, y = token B, k = constant. More information can be found in the FAQ and here. Note: this service is not available to residents and citizens of the following markets: United States, Hong Kong, Singapore Afghanistan Bangladesh Bolivia Burundi Central African Republic Crimea Region Cuba Congo, Dem. Rep. Ecuador Eritrea Guinea, Guinea-Bissau Republic Hong Kong SAR, Iran Iraq Kyrgyzstan Lebanon Libya Mainland China Mali Burma (Myanmar) Namibia Nepal North Korea Singapore Somalia Sudan South Sudan Syria Venezuela Yemen Zimbabwe. Tags Crypto.com DeFi Swap Ethereum

No comments:

Post a Comment