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What is a Swampy (SWAMP) token?
Swampy (SWAMP) is a governance token native to the Swamp.finance ecosystem. It is used for participating in voting on SwampDAO proposals. Additionally, users who deposit their assets in Swamp.finance vaults receive a bonus yield in Swampy.
How to obtain SWAMP?
SWAMP token can be traded on Pancakeswap, a leading decentralized exchange (DEX) on Binance Smart Chain (BSC). Pancakeswap is an automated market maker (AMM) that allows users to purchase SWAMP tokens and instantly exchange them with other BEP-20 tokens listed on Pancakeswap.
What is Swamp.finance?
Swamp.finance is a yield optimizer that aggregates yield for SWAMP token holders and users. It utilizes vaults to automate the yield farming and compounding process, enabling more efficient gas utilization and other automated processes. Swamp.finance employs various yield strategies to help users grow their assets. With a focus on long-term yield farming, it offers appropriate incentives for long-term holders. Users can passively invest by depositing funds into Swamp.finance vaults, benefiting from automated asset growth without the need for manual reinvestment. This approach is similar to how crypto hedge funds operate, aiming to increase the initial value of deposited assets with minimal user involvement.
Answers
What is a Swampy (SWAMP) token?
Swampy (SWAMP) is a governance token native to the Swamp.finance ecosystem. Swamp.finance is a yield optimiser hosted on Binance Smart Chain (BSC). What is the utility of Swampy token? The utility of Swampy token is for participation in voting on SwampDAO proposals. As an incentive to deposit their assets in Swamp.finance vaults, users are getting a bonus yield in Swampy.
How to obtain SWAMP?
How can you obtain SWAMP token? SWAMP token is traded on Pancakeswap, one of the leading decentralised exchanges (DEX) hosted on Binance Smart Chain (BSC). Pancakeswap is an automated market maker (AMM) that allows users to buy SWAMP tokens and instantly exchange them with other BEP-20 type tokens listed on Pancakeswap.
What is Swamp.finance?
Swamp.finance is a yield optimiser, which enables yield aggregation for holders and users of SWAMP token. How does Swamp.finance facilitate automation of the yield farming and compounding process? To facilitate automation of the yield farming and compounding process, Swamp.finance uses vaults. Vaults also enable a more efficient utilisation of gas, as well as other automated processes, and use different yield strategies to help users grow their assets through automation. Swamp.finance has an optimal compounding strategy with an efficient pricing model, designed to encourage long-term yield farming and provide appropriate incentives for long-term holders. Thanks to the automation factor in the process of yield generation and compounding, users don't need to manually reinvest their staking rewards, but can rely on automated asset growth by simply making a deposit into a Swamp.finance vault. SWAMP holders also dont need to have extensive knowledge of the underlying protocols that support automation and yield optimisation, while depositing funds to vaults represents a passive investment strategy. The goal of Swamp.finance is to increase the initial value of assets deposited by users, similar to how crypto hedge funds work, with minimal involvement on users end.
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