Deswap Price Today (Official) | Live DAW Price Chart in USD | CryptoRank.io
Currencies
11932
Market Cap
$ 2.42T
-6.44%
24h Spot Volume
$ 140.35B
+54.4%
BTC Dominance
38.19%
-2.25%
ETH Gas
79 Gwei

Deswap [DAW]

 
Token:
Polygon
USD 0.0347
-9.19
BTC 7.08e-7
-0.67
ETH 8.49e-6
-5.99

Deswap is a decentralised marketplace to lend loans, collect interest, and mint synthetic stablecoins

Deswap Market Cap

$ 121,392 
Ƀ 2.48
FDMC: $ 3,468,333 
ATH: $ 3,502,578 

24h Trade Volume

$ 3,962 
Ƀ 0.0809
DAW 114,245

Supply

Circulating:
DAW 3,500,000(3.5%)
Total:
DAW 100,000,000
Max:
DAW 100,000,000

All-Time-High (ATH) Price

$ 1.00 (07 Sep 2021)
Ƀ 0.0000215 (08 Sep 2021)
ETH 0.000294 (08 Sep 2021)
From ATH: -96.5%
To ATH: +2,785.4%

Deswap's current price is $ 0.0347, it has dropped -9.19% over the past 24 hours.

Deswap's All Time High (ATH) of $ 1.00 was reached on 7 Sep 2021, and is currently -96.5% down.

The maximum supply of Deswap that will ever be issued is 100.00 Millions tokens, and the current supply of DAW in circulation is 3.50 Millions tokens.

Deswap’s 24 hour trading volume is $ 3.96 Thousands.

Deswap's current share of the entire cryptocurrency market is 0.00%, with a market capitalization of $ 121.39 Thousands.

You can find more details about Deswap on its official website and on the block explorer.

Deswap Price

Deswap price Index provides the latest DAW price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.

The Deswap to USD chart is designed for users to instantly see the changes that occur on the market and predicts what will come next.

DAW to USD Converter

DAW

Deswap Quarterly Returns ($)

YearQ1Q2Q3Q4
2021-94%+23.8%

Deswap Closing Price (USD) - Quarterly

YearQ1Q2Q3Q4
2021$ 0.028

Deswap Monthly Returns ($)

YearJanFebMarAprMayJuneJulyAugSeptOctNovDec
2021-94%-20.7%+58.1%-1.27%

Deswap USD (DAW - USD) Price Change

PeriodChangeChange (%)HighLow
24H-$ 0.00351-9.19%$ 0.0395$ 0.0331
7D$ 0.00911+35.6%$ 0.0521$ 0.0256
14D$ 0.00616+21.6%$ 0.0684$ 0.0215
1M$ 0.0109+45.7%$ 0.0684$ 0.0177
3M-$ 0.484-93.3%$ 1.00$ 0.0165

Deswap Annual Price

YearUSDHighLow
2021-92.6%$ 1.00$ 0.0165

What is Deswap

On the Polygon chain, the Deswap Protocol is designed to enable a comprehensive algorithmic money market protocol.

Deswap (DAW) protocol powers the world’s first decentralised stablecoin(YAI) built on polygon network, which is backed by a basket of stablecoins and crypto assets with no centralised control.

We are aiming to change the interaction between the lenders and borrowers so that people can exchange assets without seamlessly loosing their funds in the form of higher gas fee. On the Polygon chain, the Deswap Protocol is designed to enable a comprehensive algorithmic money market protocol.

To begin, the Deswap Protocol(DAW) will allow users to mint YAI (YAI), a synthetic stablecoin pegged to the price of $1 USD, by using the yTokens from the underlying collateral already submitted to the protocol. Users may borrow up to 50% of the remaining collateral value in their yTokens to mint YAI.Stablecoins on the Deswap Protocol can be created synthetically and added as a proposal through Governance.

The protocol’s default stablecoin will be YAI, which can be created using collateral previously committed in Deswap.The ability to use the collateral provided to the market not only to borrow other assets but also to mint synthetic stablecoins with over-collateralized positions that safeguard the foundation with very low gas fee and fastest block confirmations is what sets Deswap apart from other money market protocols. These synthetic stablecoins are backed by a cryptocurrency basket rather than a basket of fiat currencies.

Deswap makes use of the Polygon chain to conduct rapid, low-cost transactions while also gaining access to a large network of wrapped tokens and huge liquidity..Users can use their cryptocurrencies by committing over-collateralized coins as collateral to the our ecosystem, which may then be borrowed. This offers a safe lending environment in which the lender get paid an annual compounded interest rate (APY) per block and the borrower is charged interest on the crypto borrowed.The protocol sets these interest rates in a curve yield, in which the rates are automated based on the demand of a certain market, such as top cryptos. The ability to use the collateral provided to the market not only to borrow other assets but also to mint synthetic stablecoins with over-collateralized positions that safeguard the foundation with very low gas fee and fastest block confirmations is what sets Deswap apart from other money market protocols.These synthetic stablecoins are backed by a cryptocurrency basket rather than a basket of fiat currencies.

Deswap makes use of the Polygon chain to conduct rapid, low-cost transactions while also gaining access to a large network of wrapped tokens and huge liquidity.

Liquidity Providers

The platform’s customers may choose to employ enabled cryptocurrencies or digital assets as collateral in the creation of loans, or to provide liquidity, and earn an APY.

Enabling lenders to act as borrowers, while also securing collateral, is made possible via supplying assets like as bitcoins or digital assets to Deswap. A variable-based interest rate will be paid out to users dependent on how much of the yield curve is used in that market. Any user supply is held in smart contracts where all user resources are pooled and so that users may withdraw their resources when the protocol balance is positive.

Borrowers

The platform’s customers may choose to employ enabled cryptocurrencies or digital assets as collateral in the creation of loans, or to provide liquidity, and earn an APY.

Enabling lenders to act as borrowers, while also securing collateral, is made possible via supplying assets like as bitcoins or digital assets to Deswap. A variable-based interest rate will be paid out to users dependent on how much of the yield curve is used in that market. Any user supply is held in smart contracts where all user resources are pooled and so that users may withdraw their resources when the protocol balance is positive.

Liquidation

While the Deswap ecosystem is mature with some educated users and liquidators, the calibration of the parameters is aggressive because the ecosystem is maturing and the users have formed their own ideas and values.