The newest winter iconic image is here! Say hello to SnowSwap, the newest exchange liquidity pool on Ethereum. The simple and efficient design is extremely efficient for stable-coin trading, wrapped tokens staking, and supplemental fee income for liquidity.
I logged to SnowSwap using my METAMASK and I got a pop-up message informing me that this is only the Beta version of the DEX. The platform includes the code-base from existing audited projects but the advice is to invest with caution as any investment into the early experimental version can be lost, therefor SnowSwap will not be liable for any loss, whether such loss is direct, indirect, special or consequential, suffered by any party.
SnowSwap is currently offering a new 3% LP initiative and invites the former LPs to connect with the team to share their thoughts. The SnowSwap community is brand new, and the members are sharing a common vision ... to become a top exchange. The RoadMap contains a multitude of upgrades and innovations which will take SnowSwap where few DeFi protocols have gone before. ?? The first big step is the launch of single-asset liquidity mining pools on SnowSwap:
- Dasher’s Pool (YFI)
- Dancer’s Pool (oUSD)
- Prancer’s Pool (FARM)
- Vixen’s Pool (LINK)
- Comet’s Pool (ySnow)
- Cupid’s Pool (ycrvSnow)
- Snow Pool (Snow)
Planned expansion
?? Active discussions with DeBank.com for a future partnership aiming to simplify entering and exiting SnowSwap liquidity pools, thereby growing our top of the funnel.
?? SnowSwap is planning to fund an insurance initiative to provide cover for TVL and a cover from Nexus Mental.
?? The 3rd Airdrop of SNOW is planned for the 30th of October at 21:00 PST. A total of 15,000 SNOW (3% of supply) will be distributed to SnowSwap users holding ySnow and ycrvSnow. This will be the result of two weeks snapshot, which started on the 15th of October. Users will be able to claim the SNOW reward through SnowSwap.org from Friday, October 30th, 21:00 PST. Users with deposits into the UniSwap pools will not qualify for the airdrop.
?? Yo humble farmers! SnowSwap will enable the Harvest.Finance FARM community to swap directly between fTokens using SnowSwap. The farmers will have flexibility in managing their fAssets, as this will skip some steps, and a manual withdraw and redeposit of FARM in order to re-calibrate their FARM asset composition.
?? The Withdrawal UI Bug, Donate Dust and Accured Rewards Bug are all fixed. SnowSwap thrives to achieve total bug fixing and optimizations
The new iconic winter image
With the launch of liquidity mining, SnowSwap has become the new iconic winter image. Users can farm rewards in three pools, with celebration vibes:
- Rudolph (SNOW-ETH)
- Santa (ycrvSNOW-SNOW)
- Jack Frost (ySNOW-SNOW)
The Rudolph's Ethereum pool is now showing APY. What a great chance to earn more SNOW.
SnowSwap was the first AMM to execute on a Quadratic distribution and yVault swaps. As a result of the innovation, variable reward multipliers were created. The platform will continue innovating with the community’s best interests and ideas in mind.
The SnowSwap team participated to an AMA in YieldGuild’s official Telegram channel, where they shared with the community an impression of the horizon view for SnowSwap and the development plan. They made it clear that the communication must become more efficient and the usage of SNOW must improve. The ultimate goal is to make SnowSwap the liaison between top DeFi protocols, and one of the top liquidity pool provider. The efficient swap of wrapped stable-coins and DeFi meta-assets will attract fiat holders to supping liquidity in SnowSwap pools and DeFi protocols. As a first achievement, SnowSwap optimised the swap between yVault tokens without the standard 0.5% fee. Give yourself a gift this winter and deposit into the SnowSwap liquidity pool. This move can be the first step towards a balanced financial life.
You know nothing ... about SnowSwap
The platform is looking into ways to minimize transaction costs/exit fees for stablecoin and meta-asset swaps, to offer users additional yield via LP fees by participating in SnowSwap and multiple ways to earn $Snow tokens. The short term goal is to build a strong community, solve existing bugs, seek to secure generation of predictable and sustainable cash flows. The long-term objectives and ongoing partnership discussions will be included in the public road-map publication scheduled for the end of October. The Snow DAO will play an pivotal role in cash flow allocation, as the speed of innovation and development will reach the desired standards. The SnowSwap team is reachable on Discord and will increase their presence on Telegram. Dear friend, if until today you knew nothing about SnowSwap, everything just changed. SnowSwap is much cooler than John Snow.
Today is just a step towards the broader mission and vision of SnowSwap, and the road-map update will unpack the horizon view and milestones for the upcoming months. Snowswap (SNOW) native token was valued above $5 on the 20th of October, and jumped to $7 in 24 hours.
With the constant upgrades of SnowSwap and the adddition of new liquidity pools, the token will gain more utility and value. Let it snow! Let it snow!
Links and referrals:
SnowSwap
SnowSwap Medium
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