Swaap, an innovative market-making protocol specializing in blue chip crypto assets, announced today the launch of its v2 protocol bringing easy-to-use and powerful market-making strategies to the global DeFi market.

According to the team, Swaap v2 is uniquely created to address crucial challenges such as impermanent loss and many more. Swaap v2 aims to democratize access to advanced market-making tools for the DeFi community, allowing anyone, from individual users to institutions, access to advanced market-making strategies.

Notably, Swaap v2 comes easy to use and well-equipped with state-of-the-art strategies, solutions to impermeant loss, and strong security.  The protocol reportedly uses mathematically optimised strategies, allowing for adjustments of fees and assets holding. This feature helps minimize risks while maximising returns. Notably, all this is done on autopilot.

While commenting on the launch, says Cyrille Pastour, co-founder of Swaap.

“With Swaap v2, we’re not just launching a product; we’re catalyzing a movement to empower people globally through decentralized financial tools. Our goal is to ensure that anyone, anywhere, has access to sophisticated market-making strategies that were once reserved for high-net-worth individuals and established financial institutions.”

Swaap v2 merges traditional financial market-making modules with Defi to offer users the best of both worlds. The protocol models were built with a leading financial research institute, the Lois Bachelier Institute.

Additionally, strategies used in Swaap v2 intuitively adapt to market conditions allowing users to safeguard their assets while optimizing the returns. With impermanent loss solutions, liquidity providers can now effortlessly engage in various assets across Ethereum and Polygon ecosystems.

In addition to the Lois Bachelier Institute, the launch of Swaap v2 was backed by many other key investors, including Chainlink,  Paraswap, Open Ocean and Odos. Chainlink provided its price feed for on-chain defence mechanisms, while the remaining three served as aggregators. Also, FRAX has approved a proposal to incentivize liquidity on a FRAX-ETH pool on Swaap v2. 

Currently, Swaap welcomes interested participants to deposit liquidity to the protocol enabling them to unlock the full potential of their assets. To celebrate early participants, Swaap has an exclusive NFT launch.

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Filed under: Bitcoin - @ July 10, 2023 4:21 pm