Description
SwapMode offers real yields from protocol-generated swap fees, and enabling transactions at significantly lower costs. Its dual-token system, involving $SMD for transactional purposes and $xSMD for staking and earning real yield, incentivizes user participation and ensures a fair value distribution within its ecosystem. Governance is democratized through $xSMD token holders, who have voting rights on key decisions, promoting a decentralized and community-driven decision-making process. Unlike many of its counterparts, SwapMode is self-bootstrapped, emphasizing its commitment to innovation, efficiency, and community engagement without relying on external funding.
Value Proposition
SwapMode is a DEX that offers real yields directly from protocol-generated swap fees, and facilitating trades at significantly lower costs on the Mode Network.SwapMode stands out by ensuring that users retain 100% ownership of their crypto assets throughout the trading process. SwapMode introduces a range of features, from liquidity pools with concentrated liquidity to the innovative xSMD token, enhancing the DeFi experience for users
Governance
SwapMode's governance structure is designed to ensure decentralized decision-making, with $xSMD token holders serving as the primary governors of the protocol. These stakeholders have the authority to propose and vote on key protocol decisions, including updates to the platform, tokenomics adjustments, and strategic directions. The governance process involves submitting proposals for consideration, where token holders can exercise their voting rights proportional to their $xSMD holdings
Tokenomics
SwapMode's tokenomics revolves around $SMD and $xSMD tokens, ingeniously designed to enhance user engagement and ensure equitable value distribution within its DeFi ecosystem. The $SMD token underpins transactional activities, enabling swaps and liquidity provision, while allowing holders to earn a portion of the protocol's transaction fees, thus incentivizing active participation. The $xSMD token, on the other hand, is a staking token that offers real yield from the protocol's earnings, directly linking holders to the success of SwapMode by redistributing swap fees to them. This dual-token strategy not only motivates positive user behaviours such as trading and liquidity provision but also aligns user interests with the protocol’s growth by capturing and sharing the created value, fostering a sustainable and community-focused ecosystem.
Previous Funding
Swapmode is a completely self bootstrapped project.
