DeFiSwap, Crypto.com’s (CRO) platform dedicated to decentralized finance, continues to diversify after the recent integration of Yearn Finance (YFI). In pursuit of the expansion policy, the platform has just integrated Swerve (SWRV). These users can now be SWRV liquidity providers to earn commissions and increase their returns up to 20 times when setting up CROs.
A liquidity pool for extremely efficient trading of stable securities
As a fork owned and governed in its own right by its community, Swerve is a fair liquidity pool launched on Ethereum. It was also designed for extremely efficient trading of stable values, offering low risk and additional income to liquidity providers. Its Swerve Token (SWRV) serves as a reward for these liquidity providers. This is because any holder who provides liquidity to Swerve will receive ySWRV tokens, which can be wagered in Swerve’s DAO to earn $ SWRV.
With its entry on the DeFi Swap platform, the token joins a list that already includes several major players among DeFi protocols. These include Harvest Finance (FARM), Uniswap (UNI), Wrapped Bitcoin (WBTC), Yearn Finance (YFI), (Wrapped) Ether (WETH), Tether (USDT), USD Coin (USDC), Dai (DAI), Chainlink (LINK) ), Compound (COMP) and Crypto.com Coin (CRO). Full details of the compensation plans for participation in Swerve through DeFi Swap are available here.
Become the best place to operate DeFi system
This is the ambition of Crypto.com which continues to multiply DeFi initiatives on its platform with the Crypto.com DeFi and DeFi Swap portfolio. The latter also offers three different types of generous returns to users. While leveraging proven and audited DeFi protocols, At the same time, Crypto.com offers an exceptional incentive program powered by CRO assets. The platform’s policy is to gradually integrate the most promising DeFi projects as evidenced by the list presented above.
The current arrival of Swerve on DeFi Swap therefore offers more possibilities to users wishing to stake their assets within Crypto.com’s liquidity pools. This is good since the platform is known for its generosity in terms of remuneration and promotional campaigns.