PorkSwap An AMM, Yield Farming And Staking Platform On Binance Smart Chain

PorkSwap is an on-chain system of smart contracts on the Binance Smart Chain, implementing an automated liquidity protocol based on a “constant product formula”. Each PorkSwap pair stores pooled reserves of two assets, and provides liquidity for those two assets, maintaining the invariant that the product of the reserves cannot decrease. Traders pay a 20-basis-point fee on trades, from which 15-basis-point fees goes to liquidity providers and 5-basis-point fee is used to buy back and burn PSWAP tokens. The contracts are non-upgradeable.

The PorkSwap protocol enables the creation of arbitrary BEP-20/BEP-20 pairs, rather than supporting only pairs between BEP-20 and BNB. It also provides a hardened price oracle that accumulates the relative price of the two assets at the beginning of each block. This allows other contracts on Binance Smart Chain to estimate the time-weighted average price for the two assets over arbitrary intervals. Finally, it enables “flash swaps” where users can receive assets freely and use them elsewhere on the
chain, only paying for (or returning) those assets at the end of the transaction.

About PSWAP Token

The $PSWAP token’s main utility is hold of value, which means $PSWAP can be treated as investment due to its deflationary nature. It also provides the utility of serving as the governance token for the PorkSwap dex.

Liquidity Incentives

By utilizing 500,000 as reserve for liquidity incentives, spot liquidity pools tend to get 15% ARR on yearly pool earnings paid in $PSWAP equivalent to the BNB value of the pool. The futures pool tends to get 40% ARR on yearly pools earnings paid in PSWAP equivalent to the BNB value of the pool.