Swapp Whitepaper
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β˜‘ SWAPP DeFi App (DAPP)

Staking

The SWAPP contract allows users to stake their SWAPP, locking it up for a period of days (weeks, months, or years), in order to earn interest. This is the primary function of the contract during the Circulation Epoch.
Users may open one stake at a time in each pool. After a stake reaches full maturity, the user may close it at any time to receive their full principal, plus interest, without penalty.
Unlike some other stakeable tokens, SWAPP never penalizes a mature stake, no matter how late it is eventually closed. This allows users much more flexibility, especially for taxable income purposes.
This longer-term staking pays interest in the form of rewards tokens (SWAPP) in two ways: standard rewards accumulating daily, plus annual "duration bonuses" paid after each 12 epochs (once per year) to reward longer-term stakers.
The "duration bonuses" increase each anniversary to further reward stakers who stay in the pool for 2, 3, 4, and 5 years.

Three Pool Options

The SWAPP DeFi platform features three (3) SWAPP pools made available to stake in via the SWAPP dashboard.
Each of the 3 Swapp pools pays rewards differently, strategically designed to foster both immediate gratification and long-term adoption.
USDC/DAI/USDT "Stablecoin Pool"
This pool enables yield farmers to stake any of the following stablecoins to earn SWAPP tokens as rewards: USDC, DAI, or USDT.
  • Any combination of the stablecoins can be deposited directly from the user's Metamask wallet into the smart contract via the SWAPP dashboard and no interaction with Uniswap is necessary to participate in this pool.
  • 68,698,305 reward tokens allocated to this pool.
  • The reward phases shall be one month each, with 24 total monthly reward phases, each paying out to liquidity providers on the last Sunday of each month at 7:30pm EST.
  • Reward Lockup: Stablecoin pool users must stay vested in the pool until the end of each monthly run in order to earn that month's rewards.
wBTC/SWAPP Pool
  • LP tokens from the Uniswap wBTC/SWAPP UNI_LP pool can be staked on the SWAPP platform to earn SWAPP tokens as rewards.
  • There is no vesting requirement for this pool (liquidity providers can cash in or out at any time, as often as they want).
  • The 45,389,347 reward tokens are spread over the first 24 months in a decreasing manner as outlined in the graph above.
SWAPP Staking
  • The SWAPP contract allows users to stake their SWAPP, locking it up for a period of days, in order to earn interest.
  • This is the primary function of the contract during the Circulation Epoch.
  • Users may open as many stakes as they like. After a stake reaches full maturity, the user may close it at any time to receive their full principal, plus interest, without penalty.
  • 118,917,302 (bonus) reward tokens are spread over the first (5 years) in an increasing manner.

Upcoming Pools

Cross Platform Partnership Pools (cross-chain)
Swapp is working with strategic partners to create mutually beneficial short term yield-farming pools. These strategic partners launch a short term yield-farming pool on their platform, for Swapp token holders. Swapp holders are able to stake their Swapp tokens on our partners platform and earn rewards in the form of the partners tokens. Simultaneously, Swapp launches a short term yield-farming pool with our partners token holders on the Swapp platform. Our partners users come stake their tokens on our platform and get rewarded in the form of Swapp tokens. These pools increases the number of Swapp holders and creates awareness of the Swapp protocol.
Vaults
The Swapp managed vaults allow users the ability to stake their blue chip coins such as ETH, ADA, BTC, SOL, ATOM, MATIC, BNB, etc. to earn competitive interest.
Lending / Borrowing
Swapp will use the staked tokens referenced in the 'vault' section above, to allow any of the individuals who staked in any of the 'vault' pools, the ability to borrow up to 50% of their staked amount.
Last modified 3mo ago