Dear Moonriverians and future ecosystem partners,
We are launching 1Swap.Fi, the first stablecoin DEX in the Moonriver ecosystem.
1Swap: Stablecoin Swap Product
1Swap is an automated-market-maker (AMM) type of decentralised exchanged for swapping between stablecoins at the best swap rates (tiny slippage) and lowest fees on Moonriver.
Even more exciting, as to our best knowledge, we are the first stableswap on Moonriver.
✔ Only 0.04% swap fee
> 50% of the swap fee will go to the 1Swap LPs
> ️50% of the swap fee will go the the 1Swap treasury
> Very low compared to 0.30% on other Moonriver DEX-es
✔ Integration of the following stablecoins: USDT, USDC, DAI, UST, BUSD
$1SWAP Tokenomics
✔ 1 billion $1SWAP tokens allocated as following:
> Liquidity Mining = 600,000,000
> Team, employees, advisors (3 years vesting, 2 months cliff) = 250,000,000
> PR+marketing, giveaways, bug bounties (2 years vesting) = 100,000,000
> Ecosystem Fund = 50,000,000
✔ $1Swap pools will be launched at https://solarbeam.io/
✔ $1Swap farms will be launched at https://1swap.fi/farms
✔ Liquidity incentives Period One
> From Sept 21st until Sept 28th
> 1S3P (DAI/USDT/USDC): 200,000 1SWAP per day
> 1SWAP/MOVR: 250,000 1SWAP per day
> TOTAL: 450,000 1SWAP per day
✔ Liquidity incentives Period Two
> From Sept 28st until Oct 5th
> 1S3P (DAI/USDT/USDC): 180,000 1SWAP per day
> BUSD/1S3P: 20,000 1SWAP per day
> 1SWAP/MOVR: 250,000 1SWAP per day
> TOTAL: 450,000 1SWAP per day
✔ Liquidity incentives Period Three
> From Oct 5th onward
> 1S3P (DAI/USDT/USDC): 160,000 1SWAP per day
> BUSD/1S3P: 20,000 1SWAP per day
> UST/1S3P: 20,000 1SWAP per day
> 1SWAP/MOVR: 250,000 1SWAP per day
> TOTAL: 450,000 1SWAP per day
✔ Additionally: $1SWAP staking
> Start Sept 27th
> 14-day staking: 30,000 1SWAP per day, deposit cap:18.25M 1SWAP
> 30-day staking: 30,000 1SWAP per day, deposit cap: 9.13M 1SWAP
> 90-day staking: 30,000 1SWAP per day, deposit cap: 4.56M 1SWAP
> TOTAL: 90,000 1SWAP per day
> Early withdrawal not possible
Roadmap (Q4 2021 and Q1 2022)
[More assets]
> BUSD, UST and other incoming stablecoins
> Pegged tokens like renBTC/wBTC/anyBTC
[1SWAP staking]
> Stake for longer and earn higher APR to be launched in September already
[Audit]
> We will announce an auditor for 1Swap DEX in October 2021
[NFTs]
> Moonriver native NFTs
> Help grow the Moonriver NFT ecosystem and metaverse
[Partnerships]
> Grow together with Moonriver and position ourselves as #1 stablecoin DEX for Moonbeam mainnet. We are always on the lookout for partnerships.
[Treasury]
> Use fees accumulated in Treasury for initiatives that support token price (such as buybacks and burns, re-distribution, incentivize new 1SWAP pools, and more)
Website> https://1swap.fi/
Docs> https://docs.1swap.fi/
Twitter> https://twitter.com/1swapfi
Medium> https://1swapfi.medium.com/
Telegram> https://t.me/oneswapfi
Announcements> https://t.me/oneswapfiann
