The SWOP price update as of now is $0.06032. In the previous 24 hours, its trading volume was $230, and its value has decreased by -8.00%. As of now, SWOP's live market cap is $212,768, and it is ranked as the #7388 on the Coincu. SWOP has a circulating supply of 3,596,340 and a maximum supply of 3,596,340.

Discovering Swop.fi

Swop.fi is a cutting-edge automated market maker (AMM) that presents various pricing formulas tailored for each specific token pair. In order to minimize slippage in a pair of stable coins anchored to the same fiat currency, the original Flat formula is employed. For other pairs, the classic Constant Product Market Maker formula is utilized.

Advantages for Liquidity Providers

Swop.fi stakes a percentage of pools' liquidity, resulting in daily payouts included in pools. This adds an additional 5-50% APY (Annual Percentage Yield) to liquidity providers' earnings on top of trading fees. Moreover, Swop.fi generously rewards liquidity providers in SWOP, the leading governance token of the protocol.

Rapid and Cost-Efficient Transactions

Swop.fi operates on the Waves blockchain, guaranteeing swift transaction processing that can be integrated into the blockchain within a matter of seconds. Furthermore, the network fee for a smart contract invocation stands at an incredibly low 0.005 WAVES, equivalent to just a few cents.