July 10, 2023 – Paris, France
Leveraging its successful $4.5 million fundraising, Swaap launches its version two protocol, bringing easy-to-use and powerful market-making strategies to the global DeFi community. Swaap version two is unique in addressing key challenges, such as impermanent loss, which have plagued liquidity providers.
Swaap, the cutting-edge market-making protocol for blue-chip crypto assets, is thrilled to announce the launch of its version two protocol.
With an emphasis on ease of use, state-of-the-art strategies, strong security and solutions to impermanent loss, Swaap version two is poised to democratize access to advanced market-making tools for the global DeFi community.
What sets Swaap version two apartaking market making effortless
For the first time ever, Swaap version two offers anyonefrom institutions to individuals a seamless way to engage in advanced market-making strategies.
The protocol uses mathematically optimized strategies, which means it intelligently adjusts fees and asset holdings to maximize returns while minimizing risks, all on autopilot.
Importantly, Swaap version two addresses impermanent lossa problem that has deterred many from participating as liquidity providers.
Stanislas Barthélémi, an early user of Swaap version two, said,
“As someone who was an LP [liquidity provider] in traditional automated market makers but was burned by impermanent loss, Swaap version two has been a game-changer for me. It’s like having an expert trader working for you around the clock.”
The tech behind Swaap version two
With the model’s built-in collaboration with the Louis Bachelier Institute, a leading financial research institute, Swaap version two brings the best of traditional financial market-making models to DeFi.
It incorporates strategies that intuitively adapt to market conditions, safeguarding funds while optimizing returns.
Moreover, liquidity providers can effortlessly engage with a wide array of assets across the Polygon and the Ethereum ecosystems.
Launch partners powering Swaap version two
Swaap version two is backed by notable launch partners to ensure robust functionality and support.
Chainlink provides critical price feeds for on-chain defensive mechanisms and safeguards, further reinforcing security for liquidity providers.
Additionally, Paraswap, Odos and Open Ocean are onboard as aggregators, which already ensures significant volumes on the Swaap platform.
FRAX, a leading stablecoin protocol, has approved a proposal to incentivize liquidity on a FRAX-ETH pool on Swaap version two to reinforce its role as a connector token in DeFi.
Built with security at its core
In the world of DeFi, security is paramount. Swaap version two has undergone rigorous audits by ChainSecurity and Quantstamp.
Furthermore, Swaap version two pioneers defensive modules and on-chain protections that offer users additional peace of mind.
Swaap is celebrating the launch by offering Swaap tokens to the first wave of liquidity providers, seamlessly integrating them into the governance ecosystem.
Cyrille Pastour, co-founder of Swaap, said,
“With Swaap version two, we’re not just launching a productwe’re catalyzing a movement to empower people globally through decentralized financial tools. Our goal is to ensure that anyone, anywhere, has access to sophisticated market-making strategies that were once reserved for high-net-worth individuals and established financial institutions.”
Nikolai Lambsdorff from Signature Ventures said,
“Swaap version two is an eloquent example of what happens when innovation meets expertise. We believe Swaap is on the verge of redefining how DeFi engages with market-making, and we are thrilled to be part of this transformative journey.”
Liquidity deposits to secure launch NFT
Swapp invites users to deposit liquidity in Swaap version two to not only unlock the full potential of their assets but also to secure an exclusive launch NFT.
This uniquely designed digital asset is Swapp’s way of acknowledging users early participation and commitment to the evolution of DeFi.
Users who want to deposit liquidity to secure their piece of blockchain history and join the frontlines of DeFi innovation can visit this link.
Swaap is an innovative market-making protocol specializing in blue-chip crypto assets.
Through pioneering models developed in collaboration with leading institutions, Swaap is revolutionizing DeFi market-making by providing liquidity providers with effortless and superior market-making strategies.
David Costello, head of marketing at Swaap