Swop SWOP Price $ 0.0336

Swop.fi is an Automated Market Maker (AMM) that lets users instantly exchange tokens without creating orders and waiting for their execution. Swop.fi combines several types of liquidity pools. Each liquidity pool is implemented as a smart contract. The exchange rate is determined by algorithmic pricing and depends only on the amounts of tokens stored on the smart contract. Pools use different price calculation formulas that are most suitable for each specific token pair.

Swop.fi is based on the Waves blockchain. This ensures that transactions can be added to the blockchain in just a few seconds and the network fee for a smart contract invocation is only 0.005 WAVES.

Swop.fi stakes a portion of pools’ liquidity, and daily payouts are included in pools, adding another 5–50% APY to liquidity providers' income on top of trading fees. Swop.fi also rewards liquidity providers in SWOP, the protocol's governance token.