TVL > 100K
What is Terraswap?
As the first decentralized exchange on the Terra landscape, Terraswap benefits traders and potential investors every day through the team's strong dedication to crypto technology. This DEX using the AMM model provides the opportunity to trade native tokens for the Terra chain, such as KRT, UST, and also CW20 tokens. It is worth noting that the Terraswap protocol as a decentralized market allows users to exchange assets on two platforms: Terra 2.0 for swapping LUNA tokens and Terra Classic for swapping LUNC tokens. On the Terraswap platform, liquidity providers are earning digital assets, namely LP tokens. In other words, LP tokens indicate a share of the liquidity provider in the pool and allow to receive fees. As on many similar exchanges, the commission rate here is 0.3%. In this way, each swap transaction of traders in Terraswap pools gives new tokens to the providers. Token prices in the pool are formed based on a concept known as a constant product invariant.
Who are the founders of Terraswap?
Delight Labs software engineers and a product designer launched TerraSwap. The Terraswap team is public, and names are not anon, which certainly boosts public confidence in the protocol. The lab members have extensive experience and skills in DeFi, including in-depth knowledge of protocols, smart contracts, and blockchain technologies. Moreover, developers from Delight Labs with a professional vision to serve as operating node validators for many projects. It has helped to create an essential protocol for the Terra blockchain.
What makes Terraswap unique?
In the context of DeFi, many digital assets are involved in the Terra ecosystem. To effectively use capital, investors need a dependable DEX, where operations are rapid and trouble-free, and transaction fees are not too high. Terraswap protocol meets these requirements: on the one hand, it is an excellent solution for Terra native token holders and traders, and on the other hand, it is simple and reliable.
Get crypto analysis, news, and updates. Join our friendly crypto community and stay up to dateJoin now