Swop.fi Upcoming Plans

Published on: 04.04.2022

Swop.fi introduced what they are working at now: both on features indicated in the Roadmap and on new ideas.

Routes

Swop.fi will enable exchanges of one token for another via an intermediate token. Exchanges of tokens that do not have a common pool will become available: for example, USDT to WAVES via USDN. Both exchanges will be executed in a single transaction, so the network fee of 0.005 WAVES will be charged only once.

In addition, Swop.fi will automatically propose the best possible route for the selected pair of tokens and the amount to exchange. For example, it is often more profitable to exchange USDN for EGG through WAVES than directly.

Improvement of Flat pools

The USDT-USDN and USDC-USDN pools based on the Flat formula will use an improved algorithm with high calculation accuracy. Thanks to this upgrade, traders will get a better result when exchanging, and adding liquidity in one token will be smooth for everyone.

Self Boosting

SWOP token holders face a difficult choice: to increase the yield of SWOP-containing pools such as SWOP-USDN and SWOP-WAVES, they have to vote for the pools’ weight, which means staking more SWOP and investing less SWOP in pools to take advantage of the voting results.