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Average Ratings 0 Ratings

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ease
features
design
support

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Write a Review

Description

SofaSwap is an innovative decentralized trading protocol that facilitates coin-margined futures by allowing users to stake a variety of tokens from ETH, HECO, and BSC as margin, while also enabling the use of tokens for settlement purposes. This platform features three distinct roles: the proactive Trader, who seeks high returns but faces significant risks; the passive market Maker, who earns moderate returns with balanced risks; and the Farmer, who earns minimal returns with no associated risk by providing liquidity through token staking. Users can adjust their token quantities based on the transactions conducted among these roles, enhancing the platform's liquidity dynamics. Recently, SofaSwap introduced single-token lock-up mining, where the returns are distributed in the original tokens staked, with profits determined by the duration of the lock-up while maintaining the principal amount intact and risk-free. In terms of transaction fees, the distribution allocates 60% to market maker liquidity providers, 30% to operational costs for the user platform, and 10% to liquidity providers, thus contributing to the value appreciation of SOFA tokens. By addressing the fundamental need for effective hedging solutions, SofaSwap also seeks to elevate the market presence and value of tokens that typically suffer from low liquidity. This comprehensive approach not only enhances user engagement but also fosters a more robust trading ecosystem.

Description

YetiSwap is a decentralized exchange (DEX) operating on the Avalanche network, employing the same automated market-making (AMM) model as Uniswap and featuring a community-distributed governance token known as YTS, which allows for the trading of all tokens from both Ethereum and Avalanche. In a competitive environment filled with various alternatives, YetiSwap presents three essential advantages: rapid and cost-effective trading, along with a transparent token distribution process. To begin with, YetiSwap is capable of executing trades swiftly and affordably; thanks to its foundation on Avalanche, users can enjoy sub-second transaction finality and minimal fees, often just a few cents, making the trading experience comparable in speed to that of centralized exchanges. Additionally, YetiSwap not only improves upon the existing technological framework but also ensures that users of well-known AMMs like Pangolin, Uniswap, and Sushiswap will find its operational mechanism familiar. This familiarity, combined with the platform's unique features, positions YetiSwap as a compelling choice for traders seeking efficiency and fairness in the decentralized finance space.

API Access

Has API

API Access

Has API

Screenshots View All

Screenshots View All

Integrations

Ethereum
Telegram
Avalanche
BNB Smart Chain (BSC)
Base App
MetaMask
Uniswap
WalletConnect

Integrations

Ethereum
Telegram
Avalanche
BNB Smart Chain (BSC)
Base App
MetaMask
Uniswap
WalletConnect

Pricing Details

No price information available.
Free Trial
Free Version

Pricing Details

No price information available.
Free Trial
Free Version

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Vendor Details

Company Name

Sofa Swap

Founded

2021

Website

www.sofa.pub/

Vendor Details

Company Name

YetiSwap

Founded

2021

Website

www.yetiswap.app/introduction/

Alternatives

Alternatives