Was ist Swop.fi?

Swop.fi is a web platform where anyone can mainly exchange various crypto tokens (Waves, Bitcoin, Ethereum, etc.). The system is based entirely on the WAVES blockchain and is driven and supported by the WAVES community. In addition to the option to exchange various tokens (the "swap"), this platform has other interesting features for investors with which one can generate passive income with high returns.

Investors goals

An important goal for every investor is to generate passive income with the best possible risk/reward ratio (CRV) and the lowest possible effort.

Main features of the Swop.fi platform

Overall, Swop.fi is based on four main functions that can be used. Three of them are interesting for every crypto investor. These functions are described below.

1. The "Swap" - Tab: Exchange

Here you can swap individual assets. At the top you select the asset you want to give away and at the bottom the asset you want to receive in return. With one click, these crypto assets are then swapped for each other. There are minimal fees, the LP fees, which mainly go to the investors (liquidity providers). In the decentralized financial system (DeFi), swapping is the easiest, fastest and safest (based on smart contracts) way to swap assets for each other.

2. Provide liquidity - Tab: Farming -> Liquidity

With this function, you can decide to provide liquidity to a selected pool as an investor in order to participate in the income from the LP fees generated. The number of both assets must be provided in the same ratio as the ratio of the two assets in the selected pool. In return, you receive share tokens (also known as LP tokens) to the value of the liquidity provided (liquidity pairs).

To this end, the value of the share token is influenced by a factor. The value increases through swap transactions within the pool.

If you decide to swap the share token back again, you withdraw the liquidity from the pool and receive the individual liquidity pairs back in the value of the share token in proportion to the two assets in the selected pool.

3. The Staking - Tab: Farming -> Farming SWOP

Here you can decide to stake your received share tokens in the same pool. In return, you will receive SWOP tokens per minute as a reward/yield. The amount of SWOP tokens is determined by the SWOP APY (annual percentage yield). The SWOP APY is influenced by the pool weight, among other things. Depending on the pool, the yield is 0.02-60% p.a. (as at 03.24). The yield on SWOP tokens can only be used after they have been collected..

You can unstake the share tokens at any time, in which case you will no longer receive SWOP token rewards.

4. The Voting - Tab: Governance

Staking

You can also stake your collected SWOP tokens in this tab. As with farming, this gives you further earnings in the form of SWOP tokens. The yield is determined by the Governance APY. You can remove the SWOP tokens staked in Governance from staking at any time.

You can then use the SWOP tokens staked in governance as governance tokens for voting. You can collect new earnings in the form of SWOP tokens, can be collected or staked (reinvested) in governance. You can use the governance tokens to influence the influence the pool weight. Each pool weight vote has a term of one week.

New pool voting

Here you can suggest new pools and vote for other pools. New pools that receive 100,000 votes or more will be activated or published on swop.fi. Newly added pools run according to certain rules (the first earnings rules) for the first week. For these pools you will receive ~300 APY if you vote for the pool weight (Tab: Governance -> Pool weight voting).

Voting for farming threshold (inactive)

This section is currently not active. Here, if necessary, suggestions will be made by the Swop.fi team (project team) regarding the trading volume limit.

The limit determines at which trading volume the staking of the share tokens generates or distributes SWOP income. If the trading volume is below 100,000 USD within a week (as of 07.21), then this pool does not distribute SWOP income in the following week.

Similar to the "New Pool voting", everyone can vote for or against the proposal. Ultimately, the majority decides in a decentralized manner. If the majority supports the proposal, the proposal will be implemented by the team within a few days.

What are the requirements?

To use Swop.fi you need a WAVES wallet: WX.Wallet

Next, the Waves wallet needs to be connected to the website/swop.fi. This can be done in three different ways: via email, seed or Waves Keeper. After that, you can use swop.fi with all its features (Swop, liquidity mining, etc.).