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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

Transactions on the ZKSwap Layer 2 network are executed rapidly and without any gas fees, significantly lowering the cost for users. The theoretical transactions per second (TPS) can exceed 10,000, enabling real-time trading without delays. This platform offers a hassle-free trading experience, allowing users to maintain complete control over their assets while ensuring that transactions are authorized solely by them, thereby enhancing both privacy and account security. Users have the flexibility to add any token and create their own trading pairs for a nominal fee, and there will be support for 0 gas fee airdrops, ensuring a fluid trading experience complemented by instant payment capabilities. Utilizing ZK-Rollups technology, the TPS can be dramatically increased. As users benefit from seamless transactions, their assets remain securely and autonomously managed. Furthermore, ZKSwap plans to implement a range of smart contracts on the Ethereum blockchain to securely store user deposits while simultaneously recording and verifying updates and proof of Layer 2 transactions. This innovative approach not only enhances the platform's efficiency but also fosters greater trust among its users.

API Access

Has API

API Access

Has API

Screenshots View All

Screenshots View All

Integrations

Ethereum
Telegram
BNB Smart Chain (BSC)
Bitget Wallet
Ekubo
FOX Wallet
Haiko
MathWallet
MetaMask
Polyhedra
StarkDeFi
TokenPocket
Trust Wallet
WalletConnect
ZKFair
imToken

Integrations

Ethereum
Telegram
BNB Smart Chain (BSC)
Bitget Wallet
Ekubo
FOX Wallet
Haiko
MathWallet
MetaMask
Polyhedra
StarkDeFi
TokenPocket
Trust Wallet
WalletConnect
ZKFair
imToken

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

ZKS

Founded

2020

Website

zks.org/en

Alternatives

Alternatives