Swop

On Swop.fi, users can exchange assets at a price determined by the pool's smart contract. The price depends only on the amount of both tokens in the pool and the exchange volume. The larger the exchange volume, the more the price changes. The more liquidity in the pool, the less the exchange volume affects the price.

Passive Income

You can get passive income in two ways:

• Invest in the pool of your choice and become a liquidity provider. Liquidity is used to exchange cryptocurrency with other users.
• Stake the SWOP governance token.

A liquidity provider's income consists of several parts:

• Trading fees. A fee is charged for each exchange. 60% of the fees remain in the pool and, thus, are distributed among the pool's liquidity providers.
• Rewards for Neutrino staking and WAVES leasing. Each pool containing USDN, NSBT or EURN stakes these assets to the Neutrino smart contract, and each pool with WAVES leases them. Daily payouts are added to the pool liquidity and, thus, are also distributed among the pool's liquidity providers.
• Farming reward in SWOP. It is intended for liquidity providers who staked their share tokens. The new portion of the farming reward is credited with every new block that appears on the blockchain. 1 mln SWOP will be distributed among liquidity providers over the first year after the SWOP token launch, another 1 mln in the second year, and then each year 25% less. The total supply of SWOP will be 6 mln.

SWOP staking income consists of 35% of exchange fees in all pools. This part of the fees is converted into SWOP and become the staking reward that is credited approximately once an hour.

Features

• The entire logic of the service is programmed in smart contracts. You can view the smart contract code on the blockchain or GitHub. The web application only makes it easier for users to interact with smart contracts and also represents statistics.
• 5% of exchange fees are converted to SWOP and go to the separate treasury. The treasury funds can be spent for various purposes or even burned according to community suggestions.