A DEX aggregating on-chain oracles, for accurate pricing, alongside multiple, algorithmically different, liquidity pools for the same token pairs.
LPs can choose to provide liquidity to the pool that will net them the highest returns. MinSwap also employs an automated yield farm strategy, which helps LPs to rebalance the liquidity they provided into the most efficient pools.
As a multi-pool DEX MinSwap offers four different types of pools:
- Constant Product pools
- Stable pools
- Multi-asset pools
- Dynamic pools
More pool types can be added in time through community voting.
Optimized for Trades and Yields
One pair of trading assets will have multiple pools associated with it, ideally one of each of the above types. A trade gets routed through all the available pools to find the pool yielding the highest returns for the LPs. Trades can also be broken down into smaller parts and processed through multiple pools to optimize returns.
On-Chain Price Oracle
MinSwap aggregates the price of asset pairs across multiple pools to provide the most accurate price to the trader.
MIN: will be the goverance token of the platform and will represent the owner's voting power for governance.
MINt: The MINt token represented 80% of the rewards received by those who took part in Minswap’s ISO; the other 20% was MIN tokens.
These need to be converted to MIN within 82 epochs, 410 days, of Minswap’s Launch. To do so the user must contribute liquidity to a select token pair, of which a list will be made available to users. The user then takes the LP tokens received for their contributed liquidity and stake it along with the MINt tokens they want to covert (there is a limit of the quantity of MINt that can be converted for each LP token, this limit is also dependent on the pool contributed to). These tokens are then locked for 45 days.
After that 45 days the user’s LP tokens will be unlocked but their new MIN tokens will be locked linearly for an additional 45 days. This is being called “boosted yield farming” and users will receive an estimated x2.5 bonus on their yield farming rewards earned for staking their LP tokens for the 45 days.
For a detailed explanation of the process check out this blog post from Minswap.
LPs are rewarded in MIN tokens which can be used for governance i.e. voting on protocol improvement proposals. Staking MIN tokens provides the staker with xMIN tokens through which they receive a percentage of trading fees and other economic activities of the platform.
Trading fees are yet to be announced, but it is said that all trading fees will go to the LPs of the platform.
MinSwap is also going to incorporate an ERC-20 converter and will host wrapped tokens from other chains utilizing third part cross-chain bridges and wrapping services.
In the future MinSwap plans to support Initial DEX Offerings, IDOs, and Initial Farm Offerings, IFOs.