Meet the one-stop-station for major DeFi services — SpaceSwap to be released in a week.
SpaceSwap protocol is here to rock the DeFi industry! It offers a revolutionary approach to yield farming by uniting an extensive range of liquidity pools in one place. Find out how to reap maximum benefits from your liquidity and earn MilkyWay (MILK) coins.
Uniswap is one of the DeFi industry pioneers — it served as the foundation for many similar projects. Its protocol has turned into the golden standard for its competitors. Yet, technological development doesn’t stand still, and in just two years, we have a whole new array of cool DeFi alternatives coming our way.
Users need more flexibility and profit-making options — this is why we are presenting SpaceSwap services. This is a new DeFi platform that provides all essential features for passive income and more. We’ve combined the best of both worlds: the comprehensive approach of existing liquidity pools and the thought-through mechanism of our protocol with myriad liquidity pools available.
The SpaceSwap team’s plan is ambitious. First, the platform will improve Uniswap protocol and add extra features. Within a few months, other major DeFi protocols will be added (Curve, Compound, Yearn, etc). Finally, the platform will turn into the aggregator of major DeFi services — the superstructure is aimed at uniting all liquidity pools via the SpaceSwap Station.
How does it work?
SpaceSwap is a handy service for liquidity pool providers. What makes it special? Uniswap allows users to earn trading fees only while their assets are stored in liquidity pools but SpaceSwap enlarges the opportunities for liquidity providers. It distributes MILK tokens among users who make crypto deposits. Even when you withdraw your funds and no longer add liquidity, your MILK reserves earn you a part of the protocol’s fee.
Since Uniswap is the first DeFi protocol to fork by SpaceSwap, it’ll serve as the foundation for the platform. Here’s how it works:
A user makes a cryptocurrency deposit to their preferred pools and enjoys growing profits — Uniswap pays loan interest rates offering both stable and variable APY rates. In the second case, earnings depend on the amount of LP tokens staked vs. the overall number of LP tokens in the pool. Once tokens are removed from the pool, the user’s passive income is ceased.
With SpaceSwap, it’s different because users also earn native Milky Way (MILK) tokens on top of interest rates. This brand-new protocol can be particularly profitable for early liquidity providers since MILK might soar in price after the platform is launched and integrated with major DeFi protocols.
The pools provided by SpaceSwap will be similar to Uniswap. After adding Curve, Compound, AAVE and other major lending protocols, it will support DeFi stablecoins and CeFi stablecoins (for example, aUSDT, yDAI, sUSD and wBTC), as well as various synthetic assets for cryptocurrencies and major oracles (MakerDAO, Compound).
When a sufficient amount of blocks is generated, the fees will be distributed to MILK token owners. For the first blocks, MILK rewards will be multiplied to encourage liquidity providers to move their assets.
When SpaceSwap gets launched, the community can vote for the pools or change the weight of MILK in them — the platform is fully democratized. Make sure to add MILK to Uniswap pool — it might be eligible for extra perks.
Be the first to conquer the DeFi Crypto Space with MILK!
We understand that users of existing DeFi services have a set of favorite pools, so there’s no need to switch to anything else. SpaceSwap supports a wide array of liquidity pools, including the ones in Uniswap. Hence, you can move your liquidity from one DeFi service to SpaceSwap — it only takes a couple of clicks.
To provide liquidity, you need to stake your native tokens, for example, LP for Uniswap, into the corresponding liquidity pools in our list. The range of accepted LP tokens is extended by asset contributors — you decide on the future of the platform!
Each deposit will earn you MILK tokens on the top of APY interesting rates. Consider the overwhelming speed of DeFi development and token price growth; it might be a great long-term investment, not mentioning that crypto deposits in DeFi earn more interest than deposits with banks.
SpaceSwap is to be launched soon. Fasten your seatbelt and prepare to meet the ground-shaking DeFi service with top-notch earning options! Once released, the project will sky-rocket, so fill your pools with MILK — it will bring you fat rewards.
Get prepared to MILK some DeFi pools — the countdown to blast-off has started on https://spaceswap.app!
Want to know the nuts and bolts of the SpaceSwap rocket? Check out our Github page.
Be among the first to have MILK dropping in your wallet. Read Medium to get more details.
Time to MILK this cash cow! Join our Telegram chat or Discord https://discord.gg/mb8FNq to find out how you can earn more with SpaceSwap.
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