Coming Next
❄️ SNOW-USDC trading pool launch (Polygon)
❄️ Frosty’s Pool (SNOW) reward increase (Ethereum)
❄️ Frosty’s Pool (SNOW) boosted pool launch (Polygon)
❄️ Rudolph’s Pool (SNOW-ETH UNI V2 LP) reward increase (Ethereum)
One year ago, at the edge of the original DeFi summer, SnowSwap went live. Since that time, the DeFi landscape has changed significantly. The original swapping pools which brought SnowSwap much fame are no longer so important in the new world of Yearn V2 vaults and yield aggregator platforms. Like most upstarts, we have been through several ups and downs, but rest assured we are doubling down to do all it takes to create another snowstorm again!
Over the past few months we’ve been building the groundwork to launch on new chains, starting with Polygon. We’ve also been conducting some interesting in-house experiments around the area of using NFTs in DeFi. We have many announcements planned for the upcoming several weeks. Our pools are going to be refocused on providing trading pairs with substantial market demand, while providing liquidity providers and stakers with the excellent APRs that you expect. We also are going to be boosting our service offering on Polygon and formally launching to the entire Polygon user base.
Our goals are still the same: to provide low-slippage swapping pools for DeFi investors to switch between popular like-kind assets, while providing staking pools which give an additional layer of yield to those providing liquidity.
And of course, focusing on like-kind assets removes most of the problem of impermanent loss (although slippage can still occur with unbalanced pools or low liquidity.) We see a lot of new EVM-compatible blockchains that are still lacking a clear winner in this space. We aim to provide swapping pools for the most popular like-kind assets with the lowest slippage and highest yield, on both old and emerging blockchains.
You may have noticed that recently, our TVL and token price have been on a steady incline. (Please note: TVL on some token reporting websites is currently inaccurate and is in the process of being fixed! At the time of writing, the correct TVL is over $4 million.)
Thanks for your patronage and support! These are exciting times again at SnowSwap!
