What is BridgeSwap ?
What Is Dex? Understanding Decentralized Exchanges and the Unique Opportunities They Offer.
Decentralized exchanges are apps built on a blockchain that facilitates the trading of tokens between many users without any middleman or intermediary. This is made possible by the power of smart contracts. Smart contracts are programs written on the blockchain that perform certain actions automatically once certain requirements are met.
The main goal of the Decentralized exchange is to allow people to freely trade digital assets with themselves without any intermediaries as we see with traditional banking. So, DEX allows regular people to have total control of their digital assets, giving them the freedom to do business with others anytime.
When people use a DEX, they hold their crypto assets in their wallets and not in a custodial wallet of the exchange. When a user wants to trade crypto assets on a DEX, he only connects his wallet to a pool of crypto assets on the DEX. Once he completes a transaction, he disconnects his wallet from the Dex and keeps the assets in his wallet.
The operation of DEX is the exact opposite of Centralized exchange -CEX. On CEX, users need to transfer their crypto assets to a CEX’s custodial wallet before they can trade. This way the CEX is holding the user’s crypto asset. The CEX stores the user’s crypto asset on its central database.
On a CEX like Coinbase and Binance, the conventional order book is used to match buyers to sellers based on order prices and volume. In DEX, book orders are not used. Instead, the liquidity pools are used. Liquidity pools are pots of crypto assets put on the DEX’s blockchain. Independent investors called liquidity providers source these liquidity pools. Liquidity pool providers earn a yield in a form of transaction fees charged to people who use the pool.
When a user trades on a DEX, the smart contracts written on the DEX blockchain automatically release the crypto asset from the liquidity pool into the user’s wallet. This concept is called Automatic Market Making. So DEX acts as an automated Market Maker — AMM.
What is Bridgeswap?
Bridgeswap is a decentralized exchange that allows you to instantly swap crypto tokens, provide liquidity, and stake to earn rewards in the form of yields. The goal of Bridgeswap is to bridge Defi on Web 3.0 from traditional finance in a decentralized way to create a fair global economy that is sustainable, accessible, and community-driven DAO. To achieve this, Bridgeswap has come up with four innovative products that include: Bridgeswap trade, Bridgeswap farms, Bridgeswap pools, Bridgeswap Defi 2.0 zap, and Bridgeswap lottery.
Bridgeswap Trade.
Bridgeswap trade is a decentralized exchange that allows you to swap Bep20 crypto tokens for another Bep20 instantly using liquidity pools.
Bridgeswap Farms.
Bridgeswap farm allows you to earn rewards in the form of tokens and share in transaction fees by adding tokens to our liquidity pools.
BridgeSwap pools.
With Bridgeswap pools, you can stake Bris tokens to earn more tokens. This is a great way to earn passive income from your tokens. Instead of just holding your tokens, you can make it work for you to earn free tokens by staking them in BridgeSwap pools. So if you want to make your Bris tokens productive, consider staking it.
Bridegswap pool allows you to stake and earn more Bris tokens in two ways.
- Manual BRIS pools
- Auto BRIS pools
Manual Bris Pool.
Manual Bris pool lets you stake Bris tokens manually. With this, you need to visit Bridegswap’s website to restake or reinvest yourself. This comes with a little transaction fee using a bit of BNB.
Auto Bris Pool.
With Auto Bris pool, you stake once and forget about it. Bridegswap’s auto compounder feature reinvests your Bris tokens, minus a small fee. The Bris tokens you earn from staking are in the form of APY .
Bridgeswap Defi 2.0 Zap .
Bridgeswap Defi 2.0 Zap is a unique system created by our team to provide a lasting solution to some of the major challenges facing Defi and Farming protocols.
Problem
Most Defi protocols struggle to get enough liquidity for their protocol’s operation. So there’s a constant battle among various Defi protocols for liquidity for services like yield farming, staking, borrowing, etc. Defi protocols rely on the liquidity of their protocol users for their operation. They rent liquidity for their operations and don’t own the liquidity. This comes with a lot of challenges.
Solution
Bridegswap’s solution to this problem is the Defi 2.0 zap. This new and unique system lets liquidity providers swap their liquidity pools for discounted Bris tokens. Bridegswap gets its liquidity from this system and wouldn’t have to solely rely on liquidity providers for our liquidity pools. The liquidity gained from Defi 2.0 zap is stored in a designated wallet as a reserve. Bridgeswap can fall on this liquidity when needed. This accumulated liquidity ensures liquidity longevity, thereby avoiding the liquidity problems most Defi protocols face in the long run.
On the other side, this system serves as an incentive for liquidity providers to get Bris tokens at a lower price. This is a great deal since liquidity providers can sell these discounted tokens at much higher prices for handsome profits, assuming the Bris token price skyrockets. Therefore, it is a win-win case for both liquidity providers and Bridgeswap.
Bridgeswap Referral Program
If you’re looking to earn free Bris tokens, our Bridgeswap referral program is perfect for you. The amazing thing is you don’t need to deposit tokens to earn from this program. All you need to do is refer people to Bridgeswap. Once the users you refer stake in Bridgeswap’s pool and farms, you earn 10% $Bris of their yields forever.
To take part in this referral program to start earning free $Bris tokens, visit our referral site. After this, you need to connect your wallet to create a unique referral link. Once you get your unique referral link, start sharing it with friends, family, and others to start using Bridgeswap pools and Farms. Once your referred users withdraw or harvest from Bridgeswap pools, you earn 10% of it.
Our Social Channel to follow for more updates:
Twitter: https://twitter.com/Bridgeswap_Dex
Telegram: https://t.me/bridgeswap
https://t.me/bridgeswap_news
GitHub: https://github.com/Bridgeswap-Dex
