Welcome to Swapr
Swap, Farm, Vote, DeFi across chains.
About
Swapr is the first automated market maker (AMM) to allow for adjustable swap fees through governance and has been organically developed within the DXdao community. Swapr is available to be used across Mainnet, xDai and now in Arbitrum.
SWPR — The Swapr Governance Token
The Swapr protocol will be governed by SWPR token holders through the ERC20 Guild Structure, where tokens are locked for voting. Voting weight is directly proportional to the number of tokens locked in the governance contract. SWPR token holders can use their voting power to:
Adjust and govern the protocol fee
Manage the Swapr Guild Treasury
Allocate liquidity mining rewards to targeted pools
Deploy the Swapr Guild and the Swapr protocol to additional networks
Adjust the base pairs that trades are routed through
Improve the Swapr protocol and Swapr dApp
Swapr was developed and is currently governed by DXdao. The SWPR token is the first step toward fractionalization in governance and establishing sovereignty for Swapr. The bootstrapping and liquidity mining phases will create a wider distribution of SWPR to community stakeholders and further its decentralization.
Fee Structure
Swapr’s fee structure will direct protocol fees to those who stake SWPR in the governance contract. Funds are automatically split and can be allocated to either the Swapr Treasury or the SWPR fee share, managed by Swapr Governance. In the initial proposed model, all protocol fees will be sent to a smart contract where it will be divided:
70% to the Swapr Treasury;
30% to the SWPR Fee Share.
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