The SpaceSwap project is the future aggregator of major DeFi protocols. It will start with providing an improved version of the Uniswap protocol – the tokenomics model has been recently presented by the team.
The smart contract will be checked by independent, respectable auditors, having already successfully completed testing in the mainnet. The countdown to the epic release has begun on the website. SpaceSwap promises to revolutionize the DeFi industry and show users what yield farming should be like!
Please Note: This is a Press Release
Let’s find out how to MILK this crypto cow.
What is SpaceSwap?
SpaceSwap is a new project that will unite major DeFi protocols in one place. It will provide users access to the same number of liquidity pools as originally supported by integrated DeFi protocols. Plus, a MILK-SHAKE pool will be available for storing liquidity at higher APY rates.
Initially, it will start with an Improved Uniswap protocol. This means that the same liquidity pools will be presented, enabling users to move their LP tokens from Uniswap to SpaceSwap pools and reap more earnings.
Thus, yield farmers using SpaceSwap will enjoy a delicious combo of profit options:
Uniswap 0.25% reward + MILK + extra MILK for SHAKE holders (0.05% from transaction fees).
Note that Uniswap’s 0.3% reward will be redistributed as follows: 0.25% will go to liquidity providers with 0.05% spent on buying out MILK and rewarding SHAKE holders.
Further on in the roadmap, SpaceSwap plans to introduce other DeFi protocols (Curve, Balancer and others) with new tokenomic models applying.
What is MilkyWay (MILK)?
Being SpaceSwap’s native token, MILK is the reward paid to liquidity providers. During the generation of the first 100,000 blocks, MILK coin rewards will be increased ten-fold (1,000 MILK) for distribution among early adopters. With the generation of the next block, these coins will be unlocked and sent to liquidity providers in proportion to their deposit. Afterward, each block will generate 100 MILK coins.
What is MilkShake (SHAKE)?
Another SpaceSwap coin, SHAKE is a stablecoin pegged to MILK at a 1:1000 ratio. Users can buy SHAKE with MILK to reap extra profits. The coins are inter-exchangeable. Out of the 0.3% standard LP reward, 0.05% goes towards buying out MILK on the market – these coins are distributed among SHAKE holders. MILK and SHAKE also can be deposited in the MILK-SHAKE pool which boasts higher APY rates.
How to start farming
No Rocket Science needed:
- Deposit your LP tokens from your favorite Uniswap’s pool on SpaceSwap and start getting MILK coins.
- Exchange your MILK for SHAKE, add your MILK and\or SHAKE coins into the pools to boost the MILK flow.
- It’s as simple as that.
Get your portion of yummy profits!
With the revolutionary tokenomics model and a huge variety of profit options, SpaceSwap promises to rock the DeFi industry! Reportedly, there are hundreds of investors willing to provide liquidity and turn their MILK into fat profits. Don’t let this golden chance slip by! Join them today.
- Watch the countdown to the SpaceSwap rocket launch on https://spaceswap.app/
- What’s inside the crypto cow? Check out the smart contract on Github.
- Watch how SpaceSwap SHAKES the DeFi industry – there’s ample info on Medium.
- Our cowboys & cowgirls hang out on Twitter – don’t miss a thing.
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