APR SWAP Is A Next Generation Yield Farming And Liquidity Network On Binance Smart Chain. FARM, EXCHANGE AND EARN PASSIVE INCOME
Presale Is Live
Token Name APR SWAP
Symbol APR
Total Supply 21,000,000
Apr Swap Website:
https://aprswap.com/What is DeFi?
Decentralized finance, or ‘DeFi’ is a term used to describe a decentralized network of blockchain-based financial applications. Sometimes described as ‘money legos’, DeFi protocols are often open-source. This means that anyone can build on top of them to create new variations and amalgamations. DeFi is disrupting the legacy financial system by removing unnecessary third parties and providing a compelling alternative as a solution.
What is Yield Farming?
Yield farming, or liquidity mining, is a term used in DeFi to describe the process of strategizing the movement of funds between multiple smart contract-based DeFi lending protocols to maximize returns. Returns come from annual percentage yield (APY) made from lending and trading fees. Also, DeFi implements an element of game theory by rewarding governance tokens to incentivize users of the protocol.
What is Apr Swap?
Apr Swap is a decentralized cryptocurrency exchange, Yield farming and liquidity network for swapping BEP-20 tokens. If you’re familiar with Pancakeswap, Uniswap or SushiSwap, then you’ll know how Apr Swap works. Each works in almost exactly the same manner.
APR SWAP simplifies yield farming and reduces its costs for users, without sacrificing decentralisation or self-custody.
By allowing the trustless trading of tokenized yields, it also introduces greater liquidity and other novel attractive properties.
With APR SWAP, cryptocurrency holders can benefit from passive income, which does not require an active portfolio management, whilst active DeFi portfolio managers can trustlessly trade on behalf of the users without friction or high transaction fees.
Decentralized finance (DeFi) has shifted the way that cryptocurrency users interact with the protocol, introduced variety of new features and, most importantly, gave back the asset ownership to users rather than intermediaries. However, as the DeFi ecosystem develops, it faces a number of issues, one of which is complexity. An average user is now required to have a specific and up-to-date knowledge of how to interact with pools, deposit liquidity and mitigate impermanent loss.
In addition, many may find it hard to differentiate between various DeFi projects and evaluate their potential risks and rewards. Portfolios are in constant need of attention if you are looking to maximize profits, which may be difficult to keep track of. Finally, Ethereum transaction fees have grown significantly, making it more expensive for regular users to interact with yield farming opportunities and other dApps.
Apr Swap offers a unique solution to these problems. Apr Swap is a protocol for decentralized cross-chain exchange of shares of Tokenized Vaults. It implements a delegation function for user assets and provides a marketplace for financial assets trading. Apr Swap allows users on multiple blockchains (initially Ethereum, Polkadot and Binance Smart Chain) to create and control their native blockchain vaults and transfer the ownership to third parties. Users may also benefit from passive income without actively managing their portfolio. Alpha version is already available with beta and Polkadot’s parachain version still in developmentF
Apr Swap Exchange
The Apr Swap exchange doesn’t use order books like traditional exchanges. Instead, it uses an automated market maker (AMM) model which matches buy and sell orders directly with others in a liquidity pool. User deposits maintain liquidity pools. By providing liquidity to such a pool, users can earn trading fees and liquidity provider (LP) tokens. LP tokes are redeemable for the initial capital deposited, plus any fees earned, minus any impermanent loss. Furthermore, LP tokens can then be staked, farmed, and traded!
Cloning or copying open source code from a popular decentralized application (dApp) is not uncommon. Particularly in DeFi, many new projects are based on existing protocols, with tweaks made to the original code. Simply make a few adjustments to a popular open-source code, create a new token, name it after your favorite snack, and presto – you’ve got yourself a freshly baked DeFi clone!
Regardless of whether you think cloning is a good thing or a bad thing, it happens a lot in crypto. For example, SushiSwap is a clone of Uniswap. Therefore, it should come as no surprise that Apr Swap appears to work in a very similar way to SushiSwap, with a familiar layout and user interface.
However, Apr Swap is flipping the yield farming model on its head, introducing a range of new features that provide an all-in-one yield optimization platform built around the Apr swap token (APR). Furthermore, Apr Swap benefits from the security of Binance Smart Chain (BSC), which could help convert some DeFi skeptics.
How to Use Apr Swap and the APR Token
Apr Swap makes yield farming simple and fun. To use Apr Swap, you’ll first need to connect your MetaMask browser wallet or WalletConnect. Although MetaMask is an Ethereum wallet, the design of Binance Smart Chain (BSC) works in a way that makes decentralized applications (dApps) interoperable with Ethereum wallets such as MetaMask.
Apr Swap Summary
As with any other DeFi protocol, Apr Swap comes with inherent risks. However, the security afforded by Binance Smart Chain (BSC) is winning the hearts and minds of both CeFi and DeFi users.Apr Swap brings all the functionality of Uniswap to Binance Smart Chain (BSC), without the fees. Transaction fees are paid using the BNB token, but these fees are extremely low compared to Ethereum-based DeFi protocols.
DeFi protocols are generating an incredible amount of revenue. Furthermore, almost all of these platforms are less than two years old. Binance Smart Chain (BSC) is an exciting new platform for DeFi. Apr Swap is one of many successful projects to emerge from BSC. As the industry develops, we can expect to see a further crossover between DeFi and CeFi and more high-quality projects integrating the best of both worlds!
Website
https://aprswap.com/Presale
https://aprswap.com/presale/White paper
https://aprswap.com/APRSWAP_Whitepaper.pdftelegram @aprswap
medium
https://aprswap.medium.com/Github
https://github.com/aprswap