Genius Contracts, the developers of SpicySwap, announces that SpicySwap is launching on Tezos Mainnet on Sunday, October 10th.
What is SpicySwap?
SpicySwap is a next-generation DEX built by Genius Contracts specifically for token-to-token swaps on Tezos. SpicySwap is governed by SalsaDAO ($sDAO), which is the governance entity for the wider suite of Genius Contracts platforms and products.
SpicySwap says that it is heavily inspired by Uniswap, and was built from the ground up for Tezos.
Users can try SpicySwap immediately at SpicySwap.xyz. SpicySwap is currently connected to the Granada testnet.
SpicySwap is bringing Swaps, Liquidity Pools, $SPI Farming, GraphQL API, Analytics, User Dashboard, Flash Swaps, Contract Integrations (limit orders, auto-buys, robotraders), and more!
The SpicySwap Launch
With its launch on Tezos mainnet on Sunday, SpicySwap will bring some exciting new features to its platform including:
- Flash swaps/ loans
- Platform revenue share through SPI tokens
- A new Wrapped XTZ
- Impermanent Loss (IL) countermeasures
- keep your Tezos staking rewards, while participating in DeFi
- Token to token swap (FA1.1, FA1.2, FA2.0)
Token to token swap feature is just unique. It will allow to swap directly from one token to another without the need to convert to XTZ first.
SpicySwap Infographic
Read Also: Tezos Smart Contracts Record Massive Growth In 2021
Source: This post “SpicySwap Launches On Tezos Mainnet October 10th And Brings A New Set Of DEX Tools For Tezos DeFi” first appeared on XTZ.News.