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DeFi Pulse Drop #14: @snow_swap
With so many ways to earn a return in #DeFi on your stablecoins, BTC, and ETH, how do you adapt your strategy when you spot a new opportunity?
SnowSwap aims to be the defacto way to swap yield-bearing tokens https://defipulse.com/blog/snowswap/
DeFi Pulse Drop #14: @snow_swap With so many ways to earn a return in #DeFi on your stablecoins, BTC, and ETH, how do you adapt your strategy when you spot a new opportunity?
SnowSwap aims to be the defacto way to swap yield-bearing tokens https://defipulse.com/blog/snowswap/
2/ Based on Curve’s AMM model, SnowSwap pools yield-bearing tokens like yVaults and Eth2 staking services allowing users enter and exit with low slippage for only the cost of a swap fee.
This can save users time and gas and lets them more easily speculate on an asset's yield.
This can save users time and gas and lets them more easily speculate on an asset's yield.
3/ When you spot a better %, you can easily swap between yields.
Alternatively, providing liquidity to SnowSwap’s pools provides a simpler and more cost effective way to gain exposure to a basket of yield-bearing assets with the added benefit of receiving a portion of swap fees.
Alternatively, providing liquidity to SnowSwap’s pools provides a simpler and more cost effective way to gain exposure to a basket of yield-bearing assets with the added benefit of receiving a portion of swap fees.
4/ SnowSwap currently has 4 pools:
yVault USD and yVault Curve pools focused on yield-bearing stablecoins
btcSNOW pool (YcrvRenWSBTC, FcrvRenWBTC) with yield-bearing tokenized versions of BTC from yEarn and Harvest Finance
and... eth2SNOW pool for eth2 staking service tokens
yVault USD and yVault Curve pools focused on yield-bearing stablecoins
btcSNOW pool (YcrvRenWSBTC, FcrvRenWBTC) with yield-bearing tokenized versions of BTC from yEarn and Harvest Finance
and... eth2SNOW pool for eth2 staking service tokens
5/ SnowSwap seeks to provide additional utility for tokens staked in various DeFi protocols by creating a market to swap these tokens which had previously been fragmented and illiquid.
The ultimate goal is to form a positive-sum relationship with these token's communities.
The ultimate goal is to form a positive-sum relationship with these token's communities.
6/ Learn more about SnowSwap and the advantages of pooling yield-bearing assets by diving into this week's drop https://defipulse.com/blog/snowswap/
7/ This is paid promotion as part of our DeFi Pulse Drops series where DeFi Pulse works with projects to launch their new features and builds. If you want us to work with you, please get in touch!
