TVL > 100K
What is OolongSwap (OLO)?
OolongSwap is the first native decentralized exchange in the Boba ecosystem. The Boba blockchain scaling solution is based on the Layer 2 Ethereum network. In addition, this DEX implements AMM. So users can smoothly swap or trade ERC-20 tokens, avoiding centralization and complexity. OolongSwap is a hub, a linking element, between the Boba ecosystem and DeFi in general. Potential investors will be invited to become liquidity providers. There are many liquidity pools for these purposes. As on similar exchanges, the AMM model gives quotes for different token pairs based on liquidity from the LPs. Providers earn OLP tokens as a reward. By the way, on the OolongSwap farms, users can receive OLOs,i.e. governance ERC-20 tokens of the platform. Then these reward tokens can be staked to maximize yield and obtain the YOLO tokens. There is also a YOLO Farm on OolongSwap.
Who are the founders of OolongSwap (OLO)?
Information about the founders, and the team as a whole, is very limited. It is assumed, given the confidentiality of the project team, that Wu Long is the head of OolongSwap, the master of this tea village. In fact, the project has been launched but is still evolving. However, its ambitious plans and realized features are impressive.
What makes OolongSwap (OLO) unique?
This user-friendly design platform allows performing transactions quickly, without delays and with low fees. Using the concept known as “Dynamic Pair Fee” on OolongSwap makes it possible to account for the risks and rewards of various LP pairs. So, the range of fee percentages varies from 0.01% to 1%. It is a more efficient way, isn't it? Incidentally, for sustainability purposes, this protocol also has a small charge that is passed on to the Oolong PCV (Protocol Controlled Value) to generate the reserve fund. PCV is intended to provide liquidity for various LP pairs, including the Oolong token. There are many options available to farmers: LP Farm, YOLO Farm, and Multea Farm, where two different tokens can be earned at once as a reward. In addition, to increase the received income, users are permitted to use the functions of staking and lending on the OolongSwap protocol. OolongSwap has developed its own bond program. Thus, the user has the ability to give LP shares in exchange for protocol tokens at a significant discount due to the support of the bond feature.
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