aeSwap is live on Testnet!
I. Testnet aeSwap
II. Safety Measures
III. The Awakening of the Ecosystem
IV. Introducing AESwap functionalities.
V. Swap Assets, Provide Liquidity, and Earn Rewards
VI. Enhance your earnings with Farming Feature
I. Testnet aeSwap
The Archethic team is thrilled to announce the launch of our native DEX "aeSwap" on Testnet.
Users can seamlessly swap listed tokens and have the opportunity to either add liquidity to existing pools or create new ones.
In this initial phase, we aim to gather crucial feedback from our users before deploying aeSwap on Mainnet.
Our goal is to ensure a seamless transition to Mainnet for every user while maintaining the smoothest user experience & highest level of security.
Try it out:
https://dex.testnet.archethic.net/
II. Safety Measures
aeSwap key safety features ensure the best user-experience.
These include:
- DEX built on the AMM model of Uniswap v2
- Sign transactions securely using your Archethic wallet.
- Some tokens are "verified" by Archethic such as UCO/ETH/BNB/MATIC.
- Enhanced security implemented through Archethic's native language.
- Front-end hosted on AEWeb and backend hosted on Archethic's blockchain.
III. The Awakening of the Ecosystem
In the challenging landscape of 2022's bear market, DeFi still commanded a substantial transaction volume of $854 billion, underlining its status as a key sector in blockchain technology.
aeSwap ignites the potential of DeFi within the Archethic Ecosystem. As our inaugural DeFi tool, it offers a suite of diverse functionalities, including:
- Asset Swapping
- Liquidity Provision
- Pool Creation
- Farm
IV. Introducing AESwap functionalities.
To genuinely globalize DeFi access, we recognize the necessity of offering an unparalleled experience — one that is simpler than any current decentralized exchange. With this objective, we have developed an innovative and user-friendly UX/UI design.
Swap:
The fee is set at 0.5% per swap.
- 0.25% will be allocated to the liquidity providers.
- 0.25% will be directly reinvested into selected liquidity pool to ensure liquidity continuous growth.
Once a satisfying level of liquidity is reached, the fee per swap will be lowered to remain competitive.
Add liquidity:
Create a pool:
V. Swap Assets, Provide Liquidity
This guide, tailored for newcomers to Decentralized Finance (DeFi), streamlines the process of asset swapping, liquidity provision, and even pool creation.
Learn more: https://wiki.archethic.net/participate/dex/usage/aeSwap
VI. Enhance your earnings with the Farm Feature
Liquidity is crucial for token assets, ensuring smoother swaps and minimizing price discrepancies due to liquidity shortages.
To encourage liquidity provision, our DEX has introduced the "Farm" feature.
This additional feature allows liquidity providers to boost their APY by "staking" their LP tokens, gaining extra $UCO rewards.
This strategy offers an increased APY, incentivizing users to contribute liquidity.
Archethic Public Blockchain
Archethic is a Layer 1 bringing web3 at your fingertips.
Its blockchain infrastructure is the most scalable, secure & energy-efficient solution on the market thanks to the implementation of a new consensus: "ARCH".
Archethic smart contracts expand developers' boundaries by introducing internal oracle, time-triggers, editable content & interpreted language.
Through native integration for DeFi, NFTs & decentralized identity; Archethic offers an inclusive and interoperable ecosystem for all blockchains.
In order to achieve the long-term vision of an autonomous network in the hands of the world population, we developed a biometric device respecting personal data privacy (GDPR compliant).
Making the blockchain world accessible with the tip of a finger. Be the only key! https://www.archethic.net/
Do you want to learn more?
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