Swarm launches SMT liquidity incentive program on Uniswap

Published in

Swarm.com

2 min readMar 1, 2023

To celebrate “March Madness”, Swarm, the regulated blockchain platform, has today launched a liquidity provider program on Uniswap for its SMT token.

SMT is a payment token based on the ERC20 protocol, available on the Ethereum and Polygon blockchains. SMT simplifies transactions on Swarm’s regulated automated market maker, providing a discount to traders and rewards to liquidity providers on the Swarm platform.

SMT launched in August 2021. Vesting is completed and there is no private sale or team allocation. Here’s an overview of SMT and its tokenomics.

What is Swarm?

Swarm is a blockchain platform that brings novel digitization and trading solutions to the world of traditional finance.

Day to day, we work with real-world-asset owners to tokenize collateral and build trading infrastructure in a regulatory compliant way. It is the first organization in the world to offer digitized US Treasury Bond ETFs, Apple and Tesla stock via a regulated and decentralized platform.

Regulated by BaFin in Germany, Swarm is a hybrid, embracing the advantages of blockchain-trading — flexibility, speed and efficiency — and pairing it with the trust and asset-range typically enjoyed by traditional exchanges. Swarm aims to integrate TradFi with DeFi so that everything becomes “Fi”.

How will the Uniswap incentive program work?

To qualify for rewards, SMT liquidity providers on Uniswap must provide liquidity to the Uniswap SMT/ETH pool between 1 and 30 March, 2023

Rewards calculations will be based on:

your position as a proportion of the pool’s total daily liquidity
number of days you maintain in-range liquidity

Concentrated liquidity on Uniswap means liquidity providers can specify the price range they are willing to provide liquidity at. Liquidity providers should manage this to ensure it is within the range they have specified, as the price of SMT moves. Positions that are out of range will not be counted.

Rewards up for grabs

A total of one million SMT will be distributed to liquidity providers. Rewards will be paid out within a week of the promotional period ending.

For more information on SMT, please visit our website, follow us on Twitter or join the Telegram channel.