About WhiteSwap

WhiteSwap is a decentralized exchange (DEX) built on the Ethereum blockchain. It allows users to trade cryptocurrencies, earn rewards through liquidity provision, and participate in community governance through its native governance token, WSD. WhiteSwap was launched in 2020 as a fork of the Uniswap V2 protocol.
The concept behind WhiteSwap is to provide a decentralized exchange platform that operates on the different blockchain networks, such as Ethereum, Tron and Polygon.
WhiteSwap allows users to trade a variety of cryptocurrencies in a secure and transparent manner without the need for intermediaries such as banks or traditional exchanges.
One of the unique features of WhiteSwap is its focus on incentivizing users to participate in the platform. This is done through the use of liquidity pools, which allow users to contribute to the exchange's liquidity in exchange for rewards in the form of liquidity pair tokens. In addition, WhiteSwap also offers yield farming, where users can stake their tokens in farming pools to earn additional rewards. Crypto projects can conduct liquidity mining campaigns and incentivize liquidity provision.
WhiteSwap also utilizes an automated market maker (AMM) system to determine the value of assets being traded. This means that the price of an asset is determined by a mathematical formula based on the amount of assets in the liquidity pool, rather than relying on the traditional supply and demand mechanics of a centralized exchange.
WhiteSwap offers various services such as:
  • Swapping. Users can swap one cryptocurrency for another on the platform. This process is carried out by smart contracts on the Ethereum blockchain, which execute the trade automatically and securely.
  • Liquidity provision. SushiSwap is a liquidity provider, which means users can add liquidity to the platform by depositing an equal value of two tokens in a liquidity pool. In return, they receive liquidity provider (LP) tokens, which represent their share of the pool. LP tokens can be used to redeem a proportional amount of the liquidity provided, plus any trading fees generated by the pool.
  • Farming. WhiteSwap offers a yield farming mechanism where users can earn rewards for providing liquidity to certain pools.
  • Staking. Users can also stake their WSD tokens to earn rewards. The rewards are generated by the trading fees on the platform and distributed to the WSD stakers.
  • Governance. WSD token holders can participate in the governance of the WhiteSwap platform by voting on proposals and making decisions on the future development of the platform.
Last modified 14d ago