Swap Finance, a decentralized finance market maker, has introduced a new feature named Swap Earn. With this service, users can generate additional income from assets that already provide returns.
The protocol enhances investors’ earnings by generating market-making revenue and distributing their funds among various pre-selected investment strategies.
Yield On Top Of Yield
fees generated from trades or swaps, and incentives given by tokens themselves.
According to a press release obtained by CryptoPotato, Swaap Earn allows liquidity providers to deposit their assets into individual vaults and gain higher returns. The deposited assets get automatically distributed among various protocols to secure the best yields available in the current market situation.
The model generates passive, yet trust-minimized investments for investors. Through its decentralized governance structure, Swaap has the ability to introduce new allocation rules and strategies over time, aiming to maximize yields.
According to David Bouba from Swaap Labs, the appeal of Swaap Earn comes from its uncomplicated and productive design. Through combining advanced market-making techniques with passive income generation, Swaap Labs is redefining how liquidity is utilized in the Decentralized Finance (DeFi) sector.
Swaap’s Continued Growth
The initial vaults on Swaap Earn were created in collaboration with Lido and Aave. Lido, which is the largest Decentralized Finance (DeFi) protocol worldwide, received a grant from Aave for this partnership. While Lido offers investors liquid staking assets such as Staked Ethereum (stETH), Aave functions as a lending platform managing over $11.8 billion in assets.
Based on Swaap’s findings, obtaining steady returns in Decentralized Finance (DeFi) has become more challenging due to the updated fee structures in Automated Market Makers (AMMs) that are widely used.
“Although there have been advancements in our approach and risk management, problems like flawed strategy formulation and potential liquidation hazards still arise. To tackle these difficulties and boost profits for Limited Partners, we developed Swaap Earn as a solution.”
About a year ago, Swaap Labs completed a seed funding round with a $4.5 million investment, spearheaded by Signature Ventures. Meltem Demirors, CSO of CoinShares, also took part in this financing. Last summer, Swaap Labs introduced version 2 (v2) of their platform, making sophisticated market trading strategies using autopilot available to all users for the first time.
Read More
- CKB PREDICTION. CKB cryptocurrency
- EUR INR PREDICTION
- PENDLE PREDICTION. PENDLE cryptocurrency
- PBX PREDICTION. PBX cryptocurrency
- ICP PREDICTION. ICP cryptocurrency
- USD DKK PREDICTION
- USD VND PREDICTION
- GEAR PREDICTION. GEAR cryptocurrency
- IMX PREDICTION. IMX cryptocurrency
- CSIX PREDICTION. CSIX cryptocurrency
2024-04-09 01:36