SpaceSwap is a real community-run project that is governed by the vote of the community. It is a handy service for liquidity pool providers. It is a unique aggregator that unites all the major DeFi protocols in a one-stop station. SpaceSwap is a Full-Stack DeFi Protocol currently on the Ethereum, Binance Smart Chain blockchains.
A brief about Defi and Ethereum
Decentralized finance—often called DeFi—refers to the shift from traditional, centralized financial systems to peer-to-peer finance enabled by decentralized technologies built on the Ethereum blockchain. And Ethereum launched in 2015, Ethereum is an open-source, blockchain-based, decentralized software platform used for its own cryptocurrency, ether. It enables smart contracts and Distributed Applications (ĐApps) to be built and run without any downtime, fraud, control, or interference from a third party.
The extra advantage that you will get from Defi
- dApps that allow traders to earn interest when sending cryptocurrencies through the protocol.
- dApps that allow you to predict an outcome and get a reward for a correct prediction.
- dApps that allow real-life market trading on precious metals.
- dApps that allow you to take part in a lottery.
Why should you trust SpaceSwap?
SpaceSwap is based on the most trustful instant cryptocurrency exchanges worldwide. As a non-custodial exchange, it doesn’t store your funds, which eliminates the custodial risks. The blockchain allows traders a decentralized space where trading is done more efficiently. And since the protocol is built on the Ethereum blockchain network, it marks the next step in disruptive financial technology.
A Yield Farming platform
The SpaceSwap team follows its own Milky Way by presenting Interstellar, Gravity, Galaxy, and many other products. SpaceSwap Interstellar allows liquidity providers to add LP tokens to the Milky Planets (farming pools). Once users provide their LP tokens, they start to farm MILK2 tokens. As an LP, it is important to understand that you may be exposed to "Impermanent Loss" when providing liquidity. Users enter into farms of their choice. When farming, users receive a new distribution of MILK2 with each block. It is not a fixed return, it is not a promised return, it is not financial advice - it is based on ETH returns.
Defi and Liquidity pools
Decentralized finance has been at the center of the cryptocurrency blaze recently, and the liquidity pool is an essential aspect of DeFi. Liquidity pools refer to a pool of tokens locked in a smart contract. These tokens are used to initiate cryptocurrency trading by liquidating them. Liquidity pools are broadly relied upon by many decentralized exchanges to increase user participation and facilitate trade. Bancor introduced liquidity pools, but it became widely known when Uniswap adopted them. A liquidity pool is an automated market maker that provides liquidity to prevent huge asset price swings.
SpaceSwap does not compromise with quality. So, for clarity, the total number of projects listed in their list are re-elected according to the rules of the Galaxy voting process. Their main target is new promising projects. They help DeFi project newcomers to build up their community and provide it with incentives for adding liquidity to Uniswap pools, holding and buying their tokens. Overall, this looks like a very profitable project for investors.
Website : https://spaceswap.app/
Telegram : https://t.me/SpaceSwap
Medium : https://medium.com/spaceswap
Join Discord : https://discord.com/invite/r6RymJj
Github : https://github.com/spaceswap
✍Authorship
BitcoinTalk username : onemancrypto
My Bitcointalk Profile Link : https://bitcointalk.org/index.php?action=profile;u=1769254;sa=summary
ERC-20 Wallet -0x5582091632Fab5742900d918c0CF0a0E7B87a514