DeSwap Launches on BNB Chain, Ethereum and Polygon with Amazing Incentives

Amazing LP incentives and huge referral rewards await on DeSwap 🔥

Published in

DeSpace Protocol

4 min readSep 15, 2022

After a successful pilot on Cube Network, we’re extremely excited to announce that our DeSwap DEX is live on BNB Chain, Ethereum and Polygon! This is a big step towards our goal of widespread blockchain interoperability, and we’re excited to see new and existing users enjoying the DeSwap experience on their favorite chains.

💸 Massive rewards and DeSwap Farms

Users trading on DeSwap can expect competitive swap fees of 0.3% on each trade. This is comparable with market leaders like PancakeSwap and QuickSwap — but there’s an extra edge you can get from using our DEX 😉

Over a six-month incentive period, liquidity providers (LPs) on DeSwap will receive the full 0.3% fee. This is nearly double what LPs can expect from PancakeSwap, making ours the best DEX to provide liquidity to for maximizing your reward potential.

But that’s not all — to help incentivize liquidity provision further we’re launching DeSwap Farms. With DeSwap Farms, LPs can stake their LP tokens to earn $gDES, our new governance token. Pools will open on a range of high-volume tokens, and we’ll be working with our partners to open additional pools moving forward.

To learn more about how DeSwap farms works, check out our Farms documentation here.

🤑 DeSwap referals

It’s not just LPs who win with DeSwap — users will also benefit from our brand-new referral program!

Every user has a unique referral link. When you share this with your network and they trade, you’ll earn 100% of their swap fees back in $DES and $gDES tokens. There’s nothing else to do — simply provide your link and our referral app will track all the trades made by the users that connect with it 🔥

The current referral program will run for three months, after which we’ll review the system and adjust it as needed. Rewards will be unlocked quarterly — keep an eye on the referral interface and watch the rewards stack as your code is utilizied 📈

Head to DeSwap today and refer your friends to start earning!

🔥 The new home of $DES

Our native $DES token has had liquidity on Ethereum and BNB Chain since launch, and liquidity on Polygon since late last year. This was important to us as our ecosystem is built on the fundamental idea of cross-chain interoperability. Now, with the launch of DeSwap on the networks that $DES calls home, we will begin migrating our liquidity to our native DEX.

Users that are currently trading $DES on Uniswap, PancakeSwap and QuickSwap will be able to transact directly through DeSwap instead. Not only is the DeSwap interface user-friendly, but we’ll also be announcing some incentives shortly that will encourage users to adopt DeSwap for all their trading needs.

If you’re a $DES liquidity provider on any of our supported DEXs, we’d encourage you to migrate your liquidity to DeSwap as soon as you can. To make this process as easy as possible, we’ve developed liquidity migration smart contracts that will automatically withdraw your liquidity from a 3rd party DEX and add it directly to DeSwap.

🤝 Supported pairs at launch

It’s not just $DES that’s trading on DeSwap — we’ve also added liquidity to select pairs to help kickstart the ecosystem.

The following pairs have had liquidity added by DeSpace Protocol:

DES/USDT on Ethereum
DES/BUSD on BNB Chain

Several partners are in the process of migrating their liquidity to DeSwap — keep an eye on our channels for more updates.

🪙 New tokens on DeSwap

Being a Decentralized Exchange means that anyone can launch a token and create a pair on DeSwap. Because of this, we’re expecting DeSwap to soon grow into a bustling ecosystem of IDOs and cross-chain pools.

Developers looking to launch a token on DeSwap will find our backend familiar if they have experience with other EVM DEXs, but we encourage you to get in touch with our business development team to discuss cross-marketing opportunities and IDO support.

✨ The road to mass adoption

The DeSpace ecosystem — including DeSwap, our NFT pads and our upcoming DeFi and NFT products — is designed to accelerate blockchain mass adoption by creating a user-friendly way to enter the exciting world of crypto. Our protocol is designed for interoperability from the ground up, and we aim to support many more established and emerging chains in the very near future.

If you’re launching a blockchain and would like DeSpace to support your ecosystem, get in touch with our team today. Projects looking to launch their token on DeSwap can also contact us to discuss IDO support and cross-marketing. Our contact details can be found in our documentation here.

This is an exciting milestone for our project, and we’re looking forward to expanding DeSwap’s features over the remainder of the year. Make sure you’re following all our channels so that you don’t miss any updates!

The DeSpace Team ✨

DeSpace takes the best of DeFi and NFTs and combines them into a single, easy-to-use platform that rewards users.

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