Monthly Summary — November

Despite November’s cold temperatures combined with the crypto winter, Swaap kept making progress this month! We crossed several milestones while continuing to develop our amazing community. Let’s dive in 👇

1. You can now check our protocol’s stats and see how we compare to other projects on DeFi Llama! As a reminder, DeFi Llama is DeFi’s largest TVL aggregator. Their work is a great contribution to transparency in DeFi, especially their new feature on impermanent loss! Thanks to our feedback, this feature will be improved to provide LPs with an honest view of their returns.🦙
2. ParaSwap is the second aggregator we integrate after 1Inch a few weeks ago. We pioneered ParaSwap’s DexLib library which enabled a smooth integration with the aggregator’s backend. This integration will increase our trading volume and boost APR for our LPs!
3. We also integrated with Merlin, a monitoring engine where investors can keep track of their positions, net worth, and transactions 🥳
4. Swaap co-founder Cyrille Pastour took part in several leading crypto conferences around the world. He was a speaker in Lisbon and ETH Gathering Barcelona, and an attendee at DevConnect Bogotá and Token49 in London. These conferences strongly contributed to spreading awareness around Swaap and building meaningful partnerships! 🤝
5. We announced our partnership with Institut Louis Bachelier, a top research organization specialized in mathematical finance. We will collaborate for the next two years with leading scholars Olivier Guéant and Louis Bertucci to deliver the v2 of the protocol. The new version will feature improved efficiency for the current low-risk low-return strategy and a new investment product with a high-risk high-return focus. ⚛️
6. After weeks of hard work, we completed a Dune Dashboard for Swaap! We are the first AMM to disclose live net APR data (trading APR-Impermanent Loss). It’s time to inform LPs about their actual returns, in a transparent way. You can now check Swaap’s astonishing performances since launch 🚀:

• Swaap’ volatility of returns is 10x lower than traditional AMMs like Uniswap. It’s only 2x higher than lending protocols like AAVE / Compound but delivers higher returns!

• During the FTX crash, Swaap delivered stellar returns with an average net APR of 47.2% from November 8th to November 10th!
• Swaap’s pool now includes over 1,950 LPs and $ 1.5 million TVL. This liquidity allows us to address larger trades. As a result, the average daily net APR reached 6.3% over the last 30 days vs 2.4% since inception.

Kudos to the Swaap community for helping us reach those milestones. We’ll keep up the good work as we have a packed roadmap to deliver:

• The research partnership is bearing fruit. We’ll publish something about it very soon 👀 Stay tuned!
• We’ll keep striving to increase TVL while integrating with aggregators and other partners 🚀
• We’re exploring options for yield composability. This would enable LPs to leverage their positions on Swaap by using their LP tokens to borrow on other protocols and reinvest those assets in Swaap. Such feedback loops can transform a low-risk, low-return strategy into a high-risk, high-return one. It’s composable because the level of risk and return depends on the number of loops. 🔁