The best place to swap & farm DeFi coins, offering Triple Yield for Liquidity Providers - powered by CRO
DeFi Swap went live on the Ethereum Mainnet today. DeFi Swap is the best place to swap & farm DeFi coins, powered by CRO. With DeFi Swap, Liquidity Providers (LP’s) are generously incentivized for contributing to liquidity pools with Triple Yield:
Swap Fee Sharing:
LP’s will be rewarded by sharing 0.3% of the trading volume of respective liquidity pools.
CRO DeFi Yield: for LP’s who also stake CRO:
LP’s can stake CRO to boost their yield by up to 20x and harvest the daily yield in as little as 30 days.
Bonus LP Yield: for LP’s of selected pools:
LPs will receive tokens redeemable for additional coins of participating DeFi projects
How can I start farming?
Start farming now at Crypto.com/defi/swap and become a Liquidity Provider by using any WalletConnect-enabled mobile wallet
What are the launch incentives?
Crypto.com will guarantee a minimum reward pool of 14,000,000 CRO for the first 14 days (1,000,000 CRO per day).
How does the 14,000,000 CRO Launch Incentive work?
Crypto.com will guarantee a minimum reward pool of 14,000,000 CRO for the first 14 days (1,000,000 CRO per day), from 12 Sept 2020 08:00 UTC - 25 Sept 2020 07:59 UTC.
Rewards: 1,000,000 CRO everyday for 14 days (14,000,000 CRO in total)
To be eligible:
- Be a liquidity provider
- Stake a minimum of 1000 CRO on DeFi Swap Boost
Curious how to use DeFi Swap to provide liquidity and earn #CRO rewards? Check out the full tutorial here.
Payout can be claimed starting from T+30 or T+90 days after your daily accrued CRO DeFi Yield distribution, depending on your total CRO staked amount (below or above 100k CRO). You will be able to claim your yield from the DeFi Swap “Boost” section, please note that there is no auto distribution, you will have to submit an on-chain request to claim the funds.
Crypto.com is also holding a daily giveaway of 10,000 CRO per winner on Twitter and Telegram. Check out the rules here.
What coins are supported?
At launch, users can swap between any two supported tokens including some of the most popular Cefi and Defi tokens:
- (Wrapped) Ether (WETH)**;
- Tether (USDT);
- USD Coin (USDC);
- Dai (DAI);
- Chainlink (LINK);
- Compound (COMP);
- Crypto.com Coin (CRO);
- Yearn Finance (YFI);
- Wrapped Bitcoin (WBTC);
- Uniswap (UNI);
- Harvest Finance (FARM);
- Swerve (SWRV);
- UMA (UMA);
- REN (REN).
We will introduce more tokens in the future and welcome suggestions from the community via our web app & social media channels.
What projects are supporting Bonus LP Yield?
We will announce new partnerships in the coming weeks.
Where can I check the yield levels?
Please visit Crypto.com/defi/swap
DeFi Swap is not available to residents & citizens of the following markets:
Has the smart contract been audited?
DeFi Swap is a fork of Uniswap V2 with Triple Yield incentives provided for liquidity providers, powered by CRO. Uniswap V2 was audited by dapp.org (link to the report here).
Prior to launching DeFi Swap, the smart contracts and DeFi operating model were audited by Crypto.com’s security team as well as blockchain researchers at SlowMist (link to audits here and here).
What is Crypto.com’s Role?
The DeFi Swap is a decentralized protocol deployed on the Ethereum blockchain. Each transaction record such as on-chain deposits and withdrawals are transparent on the network. The role of Crypto.com is as a provider of technology by contributing to the development of the product. Crypto.com is open-sourcing the core codebase and welcomes the input and decentralized contributions from the community.
The DeFi Swap protocol (“Protocol”) is a set of smart contracts made available by Defi Labs (“Crypto.com”) on a voluntary, “as-is” and “as available” basis. It is not a service of any kind and you should not rely on Crypto.com to assist you to evaluate the Protocol, assess its fitness for any purpose or comply with any requirements. You assume all risks arising from interactions with the Protocol. Crypto.com is not liable for any claim, damages or other liability, whether in contract, tort or under any other theory of liability, arising from, out of or in connection with the Protocol.
There are several risks when using the Protocol. These risks include inherent risks associated with the use of a virtual platform, the decentralized nature of the platform, and participating in virtual asset transactions. Risks include, without limitation:
- Partial or total loss of virtual assets;
- Collapse in liquidity with respect to virtual assets; changes in compatibility of a virtual asset with the Protocol, changes in the smart contracts;
- Regulatory uncertainty and government action against virtual assets;
- Extreme volatility;
- Possibility of market misconduct by participants including for example market manipulation, trading on the basis of non-public information, and front running;
- Delays in or complete failure of virtual asset transactions being confirmed;
- Counterparty risk;
- Faults, defects, hacks, exploits, errors or unforeseen circumstances occurring in respect of the platform or the technologies that the platform depends on;
- Loss of private keys; and
- Attacks on the platform or the technologies that the platform depends on including for example distributed denial of service, sybil attacks, phishing, social engineering, hacking, smurfing, malware, double spending, majority-mining, consensus-based or other mining attacks, misinformation campaigns, forks, and spoofing.
This list of potential risks is not exhaustive and is not intended to capture the extent of all possible risks. In the event of any of the above occurring, you may lose your virtual assets entirely. Participants should consider all of the above and assess the nature of, and their own appetite for relevant risks independently and consult their advisers before making any decisions in participating in the Protocol. USE AT YOUR OWN RISK.