Generalize
Information
SMTY serves as the governance token for Smoothy.finance, enabling decentralized governance for upcoming projects and incentivizing asset liquidity. Smoothy is an innovative liquidity protocol designed for same-backed assets, offering low-cost, zero-slippage swapping and maximizing interest earnings.
Information
What is Smoothy and its features?
Smoothy is a unique solution on BNB Chain that allows swapping of assets effectively backed by the same underlying assets (e.g., stablecoins) using a single pool. It comprises a set of interoperable protocol smart contracts deployed on the Ethereum-compatible blockchains. Smoothy offers the following advantages:
- Low gas fees
- Flexibility to add/remove any tokens backed by the same asset into the pool
- Better liquidity and lower slippage
- Improved LP token incentives
The native digital cryptographically-secured utility token, Smoothy (SMTY), is a non-refundable functional utility token. It is used as an economic incentive to encourage users to contribute and maintain the ecosystem on Smoothy. This creates a win-win system where every participant is fairly compensated for their efforts. SMTY tokens are awarded to users based on their actual usage, activity, and contribution on Smoothy. Users who do not actively participate will not receive any SMTY incentives.
