AshSwap and JewelSwap Partnership

Published on: 26.04.2023
AshSwap and JewelSwap Partnership

AshSwap is thrilled to announce an exciting new partnership with JewelSwap, two innovative DeFi protocols in the MultiversX ecosystem.

This collaboration promises to bring significant value to both platforms, enhancing their offerings and expanding our reach in the rapidly growing DeFi space.

The Partnership

JewelSwap has become the first partner to offer leveraged yield farming by integrating AshSwap farms/pools with up to 3x leverage. This partnership will amplify and enhance the existing AshSwap farms’ usage. The liquidity yields will be increased with leverage by JewelSwap, enabling liquidity by connecting lenders and borrowers.

In addition to the current EGLD lending pool, new lending pools will be deployed for ASH and stablecoins such as USDT on JewelSwap, which will offer users greater flexibility and enable them to define their own DeFi strategies.

Users of both platforms will benefit from improved liquidity and increased yield-farming opportunities. The collaboration also demonstrates a commitment to ongoing innovation, as both platforms work together to explore new DeFi solutions and features to serve their growing user bases in the MultiversX DeFi ecosystem.

About JewelSwap

JewelSwap is the world’s first Peer-to-Pool NFT Lending Liquidity Protocol, which generates liquidity for the NFT ecosystem. It allows users to lend, earn interest, and borrow from the protocol using their NFTs as collateral.

Furthermore, JewelSwap has an integrated AMM Marketplace that enhances and improves NFT instant liquidity, making it easier for users to buy and sell their NFTs. Similar to Uniswap and xExchange swapping tokens, JewelSwap enables users to swap and trade NFTs using single-side buy/sell liquidity pools, as well as two-sided liquidity pools for market makers. It offers unique features such as DCA, buy/sell pools, and two-sided Liquidity Pools with user-defined bonding-curve parameters.

Website | Twitter

About AshSwap

AshSwap is the first stable-swap AMM DEX on MultiversX, which is an essential component of any DeFi ecosystem. Not only does it incorporate ideas from its predecessors, but it also introduces new concepts to address current issues in DeFi. Our ultimate goal is to become the first DeFi Layer on MultiversX.

With the introduction of AshSwap V2 and Concentrated Liquidity Pools, they ensure minimal slippage during trading, less impermanent loss for Liquidity Providers, and lower fees. The recent deployment of AshDAO provides ASH token holders with greater governance control over proposal voting, ASH emissions released for each farm, and more opportunities to earn incentives.

Website | Twitter

In conclusion

The partnership between AshSwap and JewelSwap marks an exciting new chapter for both platforms as they work together to create a more robust and comprehensive DeFi experience for users. Stay tuned for more updates on this partnership and the exciting developments it will bring to both communities.

SOURCE: MEDIUM

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