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You are at:Home » SpicySwap Mainnet Launch Aims To Build A New Set Of DEX Tools For Tezos DeFi
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SpicySwap Mainnet Launch Aims To Build A New Set Of DEX Tools For Tezos DeFi

SpicySwap is a next-generation DEX built by Genius Contracts specifically for token-to-token swaps on Tezos.
Allen WaltersBy Allen WaltersOctober 8, 2021Updated:October 10, 2021No Comments2 Mins Read
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SpicySwap Mainnet Launch Aims To Build A New Set Of DEX Tools For Tezos DeFi
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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

SpicySwap DEX by Genius Contracts 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.

Blockchain Technology Decentralized Exchange (DEX) Genius Contracts Guest Article Mainnet SpicySwap Tezos Tezos Blockchain
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Allen Walters
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Allen, a guest author at AlexaBlockchain, is the creator of the Tezos Publish0x News Channel and has written over 160 Tezos based articles for the community. Background in law. One of the 100,000 CEO's that run Tezos. Part of history in the making.

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