Bilaxy
Uniswap (v3)
Our goal is to allow yield farmers to more easily switch into the highest yielding token at any time, avoiding withdrawal fees, and high gas costs arising from withdrawing, unwrapping, and depositing into other products. The APY paid by comparable yield earning vaults is always changing but often it is too costly to switch between vaults for the highest yield. We aim to change that.
Currently, SnowSwap provides a DEX (decentralized exchange) for yield farming tokens. It features multiple liquidity pools for swapping between yield farming assets of similar worth, such as:
yield bearing stablecoins (in conjunction with other platforms such as yEarn, Curve, and Harvest)
different flavors of wrapped tokens (including yield generating wrapped Ethereum & Bitcoin).
Users can swap tokens in one of the pools, or can earn SNOW governance tokens by providing liquidity and staking in these pools (i.e. liquidity mining), typically earning APYs between 20–200% depending on demand. The highest earning pool is usually Rudolph’s Pool, which at times has offered 100%+ APY.
