Deswap DEX Is Live - Stake LPs to Earn gDES, 100% Swap Fee Reward Campaign, And More

Despace Weekly Newsletter #9 - September 21, 2022

Dear Despace community,
We have another amazing newsletter for you to read. This week’s newsletter is quite special because this time we cover the launch of our DEX called Deswap. Want to know how it works and what types of incentives we provide?  Let’s get right into it.

DeSwap DEX is a multi-chain automated market maker (AMM) . DeSwap DEX supports Cube Network, Binance Chain (BSC), and Polygon, with other chains to be supported in the future. If you already know how to use other DEXs  (e.g., Uniswap or Pancakeswap), you will be able to understand Deswap’s features quite easily.

Compared to other existing DEXs, DeSwap offers a significant advantage to both liquidity providers and traders in terms of fees. To help incentivize liquidity provision, DeSwap LPs will earn 100% of the swap fee for the first 6 months after DeSwap’s launch.

If you want to check DeSwap documentation, click here

Besides the 100% swap fees for the LPs, DeSwap offers a yield farming concept, where you can stake your LP tokens to earn gDES (the governance token of the DeSwap ecosystem).

When users add liquidity on DeSwap, they are given LP tokens that represent their share of liquidity in that liquidity pool. These LP tokens can be put to work in farms or staking contracts. When you decide to put the LP tokens to DeSwap Farm, you will be able to earn gDES and maximize your revenues in the long term.

DeSwap also offers a very lucrative referral campaign. 

Every DeSwap user has a unique referral link. When you share this with your network and they trade, you’ll earn 100% of their swap fees back in DES and gDES tokens. There’s nothing else to do - simply provide your link and our referral app will track all the trades made by the users that connect with it.

The current referral program will run for three months, after which we’ll review the system and adjust it as needed. Rewards will be unlocked quarterly.

If you like all the above incentives and you are a liquidity provider in other DEXs, you can easily migrate your LPs to DeSwap. To help streamline the process of moving liquidity from other DEXs to DeSwap, we have developed liquidity migration contracts to automatically move your tokens.

This is our ninth newsletter, where we outline all the DeSwap offers directly to your inbox. Make sure you’re following our social channels so that you don’t miss any news the moment it goes live.

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