CroSwap will be an exclusive Automated Market Maker (AMM) based Decentralized Exchange (DEX) designed to work seamlessly on the fast-growing Cronos Network. CroSwap will be integrated with CronosNode as well as all the Node Navy EVM compatible expansions. CroSwap transaction fees will inject additional capital into the Universal Sustainable Growth Fund (USGF) leveraged by all Node Navy projects. CroSwap will also provide a bridge solution to allow for greater ease-of-access to multiple different blockchain networks.
CroSwap is an exclusive Automated Market Maker (AMM) based Decentralized Exchange (DEX) designed to work seamlessly on the fast-growing Cronos Network.
CroSwap allows you to trade assets without using Centralized Exchanges (CEX). All transactions initiated on CroSwap are routed directly through your decentralized wallet. Your assets remain in your possession rather than relying on a CEX to secure your assets.
You can only trade tokens on CroSwap if those projects have enough liquidity. Projects available on the DEX that lack sufficient liquidity can either be expensive or impossible to complete a transaction.
CroSwap allows users to inject liquidity in exchange for Liquidity Pool (LP) tokens. Holding LP tokens generates income for the holder in the form of trading fees.
Yield farming is the process of using decentralized finance (DeFi) to maximize returns. Users lend or borrow crypto assets on CroSwap and earn cryptocurrency in return for their services.
Yield farming is a complicated process that exposes both borrowers and lenders to financial risk. When markets are turbulent, users face an increased risk of temporary loss and price slippage.
During periods of high volatility, liquidity providers can experience impermanent loss. This occurs when the price of a token in a liquidity pool changes, subsequently changing the ratio of tokens in the pool to stabilize its total value.
When you make a token swap (trade) on our exchange, you will pay a 0.2% trading fee, which is broken down as follows:
- 0.10% — Returned to Liquidity pools in the form of a fee reward for liquidity providers.
- 0.05% — Sent to the CroSwap Treasury.
- 0.03% — Used to form $CROS/$CRO Liquidity.
- 0.01% — Sent to the USGF (Universal Sustainable Growth Fund).
- 0.01% — Used to buy $CRON and send it into the Node Vault.
At CroSwap we want to fill a sorely need market gap. Education. For so long now new users who come into the Cryptocurrency world often become disillusioned with the space due to the complexity of it all. We are going to seek to bridge that gap for them with our innovative educational wizard.
Pools provide a straight-forward way to earn free tokens on CroSwap. When you stake your $CROS in a pool, you will earn free tokens over-time. Some Pools will allow you to stake other tokens in addition to $CROS.
CroSwap will also provide a bridge solution to allow for greater ease-of-access to multiple different blockchain networks.
What is a Blockchain Oracle?
A Blockchain Oracle is a third-party service that connects smart contracts with the ‘real’ world.
Why are oracles useful?
- Not all data elements that are needed for a project can be contained within a smart contract.
- Some data elements should not be included within a smart contract for security purposes.
- Gas fees may be prohibitively expensive to include certain data points within a smart contract.
CroSwap Oracles will create a bridge between smart contracts and external data sources allowing project developers to expand feature functionality while reducing transactional costs.
Verified Random Functions (VRF)
Normal random number generators can be hacked. A random number generator on a publicly available smart contract can be easily hacked since all data is present on the blockchain. Our CroSwap Verifiable Random Functions oracle provides projects with the ability to generate random numbers that are secure and unpredictable.
Market & Data Feeds
CroSwap will provide projects the ability to pull data from data aggregators versus using more costly calls to a blockchain.
At CroSwap we wanted to create a platform which was both easy to use and easy on the eyes, free from any overwhelming graphics and information.
For more information about future products please refer to our future Medium articles, whitepaper or join our social communities
Disclaimer: CroSwap is due for release towards the later part of 2022. Due to the ongoing development of CroSwap this information is subject to change at short notice and may be out of date. To keep up to date on all relevant information/changes please review our Whitepaper.