The SpaceSwap protocol is a compiler in DeFi with attractive features that provide more opportunities for liquidity providers.
The DeFi market began its astronomical rise in prices in early 2020. The total value of assets locked in Decentralized Finance (DeFi) has grown by a factor of 15 (from $ 600 million to $ 9 billion) in just six months. Such changes indicate an increase in the interest of the cryptocurrency community and investors, and thus, DeFi can be considered a culmination in 2020.
Decentralized finance is advancing at rocket speed
The market has grown tremendously, especially over the past two months. Reading this sentence, first the big representatives of DeFi domain, namely yearn.finance and Uniswap, come to mind. The price of the YFI token rose from $ 100 to $ 40,000 in two months, while daily transactions at the decentralized Uniswap exchange surpassed Coinbase and now stand at $ 1 billion a day.
Uniswap is a decentralized protocol created with one big, general purpose; Providing liquidity. It should be noted that this protocol is based on Atrium blockchain. Uniswap provides users with instant, non-stop access to liquidity. In this regard, it can be said that these features are suitable for developers and traders and even liquidity providers. But the question that comes to mind here is whether these conditions can be more favorable and better?
The answer is yes, and SpaceSwap will undoubtedly be the first solution.
Is SpaceSwap a real contender for the throne?
SpaceSwap is a creative decentralized financial protocol designed to improve Uniswap and other pools of liquidity (Curve, Compound, Yearn, etc.) to become a collector on DeFi service platforms. This project is somewhat unique in its kind. SpaceSwap offers its liquidity providers surplus services and double profits in the form of its native quilts called MilkyWay (or MILK). By integrating all the major DeFi protocols into one platform, SpaceSwap will become the perfect tool for fast and efficient cryptographic liquidity management.
The developers of the project, who remain anonymous, commented on the future release of the protocol:
"We have only one simple goal, and that is to use a protocol to integrate the DeFi heterogeneous market. It should be noted that SpaceSwap brings together the best services as well as a fixed cash flow so that millions of users can find what they need in a trading platform. We are only a week away from the real DeFi market revolution. join us!"
In short, the SpaceSwap protocol is a compiler in the DeFi domain with great features. Undoubtedly, this protocol will provide more opportunities for liquidity providers. SpaceSwap distributes the MilkyWay governance token among users who deposit passwords. The process is that even when the budget is withdrawn and the user no longer adds anything to the liquidity, it is the MILK reserves that accumulate and accumulate part of the protocol cost.
In this regard, it should be noted that the official launch of the SpaceSwap protocol will take place on September 10. This history is important because a revolution is taking place! Around SpaceSwap, its next events can be traced from the official sources of the project.