Token user scenarios

Profit sharing

Commissions, transaction fees and management fees in all products within the SwapAll open financial system will be shared with SAP stakers and contributors within the system for a long term.

State channel node

After the Layer 2 proposal is approved, SAPs can be used to create the initial state channel node.

New trading pair self-creation

SwapAll theoretically supports all trading pairs on Uniswap, but the first user needs to pay some SAPs as the initial creation fee and all operations can be completed by the user himself/herself.

Liquidity mining

SAPs can participate in all liquidity mining of new cryptocurrencies issued in the SwapAll system.

Participation in governance

After all SAP be mined, the community voting governance will also be launched immediately. SwapAll is an efficient and open decentralized financial ecosystem that requires a huge volume of users to jointly participate in its building. Therefore, the token holders are required to jointly govern and determine the development of this system. The early-stage governance works include: 1. voting for new token issuing; and 2. voting for the trading pair whitelist. The mid- and late-stage governance works include the parameters for liquidity mining, improvement proposals, additional token issuance, and oracle voting, etc.

Lending financing income

The launched one-click aggregated lending services will expand the underlying assets used for lending and insurance and enhance the users' asset liquidity. Such services will aggregate the major and most popular DeFi lending platforms such as MakerDao and Compound and reduce the borrowing costs of users by changing the cryptocurrency weight and selecting the lowest interest rate in real time. In addition, the off-chain credit behaviors will be linked to the on-chain financial behaviors via the credit oracle. Users with good credit records can also participate in behavioral mining by using their "credit behavior" records, and SAPs will even have the property of mining weighting in the future.

Transaction fee repurchase

One half of a transaction fee generated from a transaction will be deposited in the transaction pool and returned to the transaction participants, and the other half of the transaction fee income will be repurchased or burned, which needs to be voted and decided by the community.