Swapsicle: The All-in-One DeFi Platform in the Telos Ecosystem.
Today I’m going to talk about Swapsicle, an all in one DEFI platform at the heart of the Telos ecosystem.
Swapsicle stands out for its low slippage rates, fast transactions, and the ability to exchange tokens in a barrier-free environment. But what makes this platform really special? Let’s take a look at the advantages and features Swapsicle offers.
TRADE
Swap: Trading tokens has never been easier. All the information you need is on one screen. All you need to do is just click.
Perpetuals: Swapsicle Pro allows traders to open both buy and sell positions on various digital assets, which offers users greater flexibility and profit potential. The trading infrastructure is designed with external order matching and on-chain placement. This allows it to offer important trading features such as different order types (e.g. limit order, stop limit, post only) while maintaining the privacy and security of a decentralized exchange.
EARN
Igloo: On Igloo, you can earn from a variety of products. From simple staking products to more complex solutions, ICE can be used in a wide range of ways.
- Ice Cream Van
- Zombie Van
- Instant Liquidity
Liquidity: In the user panel, you can review the existing pools and trade the pairs of your choice or create a new pool yourself. Thus, by providing liquidity at specified intervals, you start to earn maximum return on liquidity efficiency.
LAUNCHPAD
By staking ICE tokens;
- You actively contribute to the success of the platform and support the launch of innovative projects.
- You have the potential to earn Launchpad fees as a proportionate share of fundraising or token sale proceeds from projects launched on the platform.
- You get the opportunity to participate in special airdrops.
NFT
Ice Cream Zombies NFT holders enjoy many benefits and privileges in the ecosystem.
TOKEN STRUCTURE and ECONOMICS
As you can see from what I wrote above, Swapsicle has an economy consisting of two tokens: SLUSH and ICE.
SLUSH serves as the main DEX token of the platform, while ICE is a utility token used for rewards and community engagement.
You can obtain ICE by freezing SLUSH on Igloo. You can then stake these ICEs and enjoy various benefits. What are these?
- Staking in the Ice Cream Van to get a share of the platform fees.
- Redeemable for higher rewards in Zombie Van (for Ice Cream Zombie NFT holders).
- Can be used to provide instant SLUSH liquidity pairs.
- Can be used to earn Launchpad rewards and airdrops.
As you can see, Swapsicle offers many advantages to its users. Depending on your trading strategy, you can optimize your income by taking advantage of the features you have already experienced.
Please note that what I have explained here is purely informative and you should always do your own research.
Always stay safe.
