Yokai Swap DEX Went Live
YokaiSwap, the first decentralized exchange (DEX) on Nervos Network, has officially launched. You can start trading, staking and farming on YokaiSwap from December 3, 2021, at 12:00 PM UTC.
YokaiSwap is backed by inNervation; a fund created by the CMB International and Nervos Network partnership. The launch of YokaiSwap marks the first time users can move their CKB tokens on-chain and earn APY through incentive programs.
Features available on YokaiSwap
Trade Tokens
As an Automated Market Maker, Yokai Swap will swap tokens with ease and efficiency powered by the Nervos Blockchain. At the launch of the platform, the first 2 trading pairs available will be CKB/YOK and CKB/USDC, and we will be adding new trading pairs shortly after the launch.
Earn Tokens
YokaiSwap also allows users to yield rewards on their deposited and traded assets via LP (Liquidity Provider) Token Farming. In order to maintain available assets to be traded on the platform, we incentivise users to become liquidity providers, who will be rewarded with our DEX token, known as $YOK.
The more liquidity is provided within YokaiSwap, the more assets will be available to be traded by the users. Alternatively, users can also stake single-token either by protocols fees and daily emissions.
Bridge Tokens
Empowered by the Universal Passport technology provided by Nervos, YokaiSwap has interoperable capabilities. The technology allows assets from other ecosystems to enter from the Layer 1 CKBytes platform and later bridged to the Layer 2 Polyjuice EVM solution that allows many assets including CKB to be traded and paired for use on YokaiSwap.
ABOUT Yokai Swap
YokaiSwap is a next-generation interoperable, decentralized trading platform and the first to come from the Nervos network. As a DEX (Decentralized Exchange), YokaiSwap will have AMM (Automated Market Maker) protocol integration which will be essential for priced assets to be algorithmically and efficiently swapped for users to smart contract transactions. YokaiSwap will also have Yield Farming and Staking so you can earn passive income after trading.
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