My first interaction with crypto and blockchain was with Waves, when in the summer of 2017 I first installed the desktop wallet with integrated DEX and bought some $WAVES tokens using my card.
The Waves protocol uses Leased Proof of Stake (LPoS), giving an estimated 6% yearly return on the waves leased to the pool and in the last months has been very active on the DeFi scene, launching the Neutrino Protocol with a stablecoin ( $USDN ) that can be staked inside the waves wallet for a 12% APY or can be found in the Curve pools on the Ethereum Network (waves has developed a lot of cross chain interactions with many different blockchain).
I suggest everyone follow Sasha Ivanov (Waves founder) on Twitter to keep up to date with all the exciting things being built on Waves.
Swop.fi is an automated market maker (similar to Uniswap), where users can swap assets with one click and provide liquidity to different pairs, getting a share of the fees.
Swop.fi is in pre-launch at the moment with only 5 pairs available, but this give the opportunity to early liquidity providers to get a bigger share of the $SWOP governance token that will be released upon launch.
1 million SWOP will be granted specifically for the early-bird liquidity providers and these rewards will be vested to LPs gradually within a year after the launch; after the launch for the first 2 years 1 million swop will be distributed to LPs, while from the third year the distribution will be reduced by 25% each year.
I own Waves on 4 different wallets; Desktop, mobile, web connected via LEDGER Nano S and web connected via Waves Keeper, a Chrome extension that allows to interact with the blockchain (similar to metamask).
For this test I've used Waves Keeper on my BRAVE Browser. Just click on "connect wallet" on the top right and will prompt you with the choice between using Waves Keeper or Waves Exchange.
In this test I've added 8.24 waves and 40 USD-N of liquidity, by simply selecting "add liquidity" on the waves-usdn pool, putting the amount of USDN I wanted to add (40) and the system automatically calculated the waves needed to pair at the current price.
Since I did that yesterday the price changed slightly and now my share is worth 8.21 waves and 40.12 USDN; I own 18.13 LP tokens worth 0.02% of all liquidity on this pair.
The amazing part is that to add liquidity (invocating a smart contract) I just did 1 transaction on the waves blockchain that cost me 0.005 WAVES (about 0.025$), while these transactions on Uniswap costs from 5 to 10$ each based on the network congestion.
As I was saying, SWOP.FI is in pre-launch, so only 5 pools are available at the moment but more will be added as the launch approach (end of 2020 or start of 2021). Over 1 million and a half dollars value is already pooled in liquidity, with almost 500k volume in the last 7 days.
60% of the fees (0.3% on each swap) go to LPs, while 40% are used for the SWOP token capitalization; providing liquidity early gives an opportunity to get a greater share of the $SWOP token that will launch.
For any additional help join the SWOP.fi telegram support chat
If you're new to waves and want to learn more and earn some free tokens sign up for H2OX
