WhiteSwap (WSD) Coin Complete Detailed Review About WhiteSwap

What is WhiteSwap (WSD) ?

WhiteSwap is an automated market making (AMM) decentralized exchange (DEX) currently on the Ethereum blockchain, forked from Uniswap V2. This technical portal explains some of the design decisions behind the WhiteSwap core contracts. It covers all of the contracts’ features, including arbitrary pairs between ERC20s, a hardened price oracle that allows other contracts to estimate the time-weighted average price over a given interval, “flash swaps” that allow traders to receive assets and use them elsewhere before paying for them later in the transaction, protocol fee that can be turned on in the future, governance protocol, governance token features and allocation.

WhiteSwap (WSD) Point Table

Who Are The Founder Of WhiteSwap (WSD)?

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WSD Price Live Data

The live WhiteSwap price today is $1.23 USD with a 24-hour trading volume of $63,707.36 USD. update WSD to USD price in real-time. WhiteSwap is up 1.56% in the last 24 hours. The current CoinMarketCap ranking is #3998, with a live market cap of not available. The circulating supply is not available and the max. supply is not available.

If you would like to know where to buy WhiteSwap at the current rate, the top cryptocurrency exchange for trading in WhiteSwap stock is currently WhiteBIT. You can find others listed on crypto exchanges page. WhiteSwap aims to change the industry by initially giving the community control over the protocol and modifiable contract code, creating a truly decentralized AMM protocol

How WhiteSwap Works

WhiteSwap is an automated liquidity protocol powered by a constant product formula and implemented in a system of non-upgradeable smart contracts on the Ethereum blockchain. It obviates the need for trusted intermediaries, prioritizing decentralization, censorship resistance, and security. WhiteSwap is open-source software licensed under the GPL.

Each WhiteSwap smart contract, or pair, manages a liquidity pool made up of reserves of two ERC20 tokens. Anyone can become a liquidity provider for a pool by depositing an equivalent value of each underlying token in return for pool tokens. These tokens track pro-rata liquidity provider (LP) shares of the total reserves, and can be redeemed for the underlying assets at any time.

What’s a Governance Token?

Governance tokens give their holders the power to influence the direction in which the project will move. This means the users are a direct stakeholder in the DeFi platforms.

What’s the use of Governance Tokens?

On-chain governance gives every stakeholder an opportunity to discuss and vote on how to manage the protocol. When any changes are proposed, the governance token holders can support or disagree with them by voting. The system is the following: each governance token equals one vote. It means that the more tokens a holder has, the easier they can sway over the protocol.

Eсosystem

The WhiteSwap ecosystem is primarily comprised of three types of users: liquidity providers, traders, and developers. Liquidity providers are incentivized to contribute ERC20 tokens to common liquidity pools. Traders can swap these tokens for one another for a fixed 0.30% fee (which goes to liquidity providers). Developers can integrate directly with WhiteSwap smart contracts to power new and exciting interactions with tokens, trading interfaces, retail experiences, and more.

Liquidity Providers

Liquidity providers, or LPs, are not a homogenous group:

• Passive LPs are token holders who wish to passively invest their assets to accumulate trading fees.
• Professional LPs are focused on market making as their primary strategy. They usually develop custom tools and ways of tracking their liquidity positions across different DeFi projects.
• Token projects sometimes choose to become LPs to create a liquid marketplace for their token. This allows tokens to be bought and sold more easily, and unlocks interoperability with other DeFi projects through WhiteSwap.
• Finally, some DeFi pioneers are exploring complex liquidity provision interactions like incentivized liquidity, liquidity as collateral, and other experimental strategies. WhiteSwap is the perfect protocol for projects to experiment with these kinds of ideas.

Developers/Projects

There are many ways WhiteSwap may be used in the wider Ethereum ecosystem, and some examples include:

• The open-source, accessible nature of WhiteSwap means there are UX experiments and front-ends built to offer access to WhiteSwap functionality.
• Wallets often integrate swapping and liquidity provision functionality as a core offering of their product.
• DEX (decentralized exchange) aggregators pull liquidity from many liquidity protocols to offer traders the best prices but splitting their trades

Faq Of WhiteSwap