Swaap, the market-making protocol for blue-chip crypto assets, announces its launch on Arbitrum. This marks a milestone in its mission to offer the best risk-adjusted returns for LPs. Swaap’s already has over $3 million in TVL, $30m trading volume, and a growing user base of 2400 Liquidity Providers on Polygon & Ethereum. Swaap decided to choose Arbitrum after testing and community feedback.
Unprecedented Performance from Rigorous Testing
Swaap has performance-tested their decision to launch on Arbitrum. This has demonstrated very promising results. The risk-adjusted yields produced outperform what is currently seen in the market with 25% native APR (including impermanent loss, excluding token emissions) since the launch of their WETH-USDC pool. “Our testing phase on Arbitrum exceeded expectations,” said Cyrille, co-founder at Swaap. “Our models performed very well, which is encouraging for this launch’s potential.”
Deep Community Alignment and Incentivization
Swaap’s alignment with the Arbitrum community goes beyond technical integration. It includes a strategic focus on incentivizing users already in the ecosystem. Swaap will offer a 15% token-emission bonus for LPs who haven’t sold more than 50% of their ARB airdrop. And those who are participating in GMX and Uniswap ARB pools, as well as Aave, Radiant, & Camelot. This shows a community-first approach and its vision for mainstream DeFi adoption. Positioning it as a viable alternative to traditional financial systems.
Arbitrum: The Best Platform for Swaap’s Models
The Arbitrum architecture has the potential to be the best choice for Swaap’s models. Swaap’s advanced algorithms need Layer 2 solutions that are scalable and secure. Leading market-making researchers from TradFi have collaborated in developing Swaap. This offers users access to models usually reserved for large financial institutions. “Arbitrum’s infrastructure provides the perfect playground for our models to thrive,” explained David, Swaap CoFounder. “It’s a platform that aligns with our vision of offering cutting-edge market-making solutions.”
“We are excited that Swaap has elected to leverage Arbitrum’s technology to further protocol advancement,” said Eli, Community Lead at Arbitrum Foundation. “Our DeFi ecosystem grows by the day, and Swaap is poised to be another project spurring innovation in that sector of our community.”
Initial Pools and Strong Launch Partnerships
Swaap’s initial pools on Arbitrum will be WETH-USDC and ARB-USDC. They show Swaap’s dedication to a diverse and strong DeFi ecosystem. Swaap’s is further supported by launch partners like 1inch, Paraswap, Odos, OpenOcean, and Chainlink.
Looking Ahead: A Bright Future on Arbitrum
As Swaap starts this new chapter with Arbitrum, it continues to focus on revolutionizing DeFi. This launch is the start of many initiatives. Swaap will use Arbitrum to make user experiences better and create new market-making solutions.
To learn more about Swaap’s launch on Arbitrum and future plans, visit Swaap or follow updates on X.
About Swaap
Swaap is an innovative market-making protocol specializing in blue-chip crypto assets. Through pioneering models developed in collaboration with leading institutions, Swaap is revolutionizing DeFi market-making by providing liquidity providers with effortless and superior market-making strategies.
About Arbitrum
The Arbitrum Foundation, founded in March 2023, supports and grows the Arbitrum network and its community with secure scaling solutions for Ethereum. Arbitrum One—a leading Ethereum Layer-2 scaling solution initially developed by Offchain Labs—offers ultra-fast, low-cost transactions with security derived from Ethereum through Optimistic Rollup technology. Launched in August 2021, the Arbitrum One mainnet beta is EVM-compatible to the bytecode level and has 60%+ TVL in the L2 segment. 400+ DeFi and NFT projects are live in the ecosystem to date. In August 2022, Arbitrum One upgraded to the Nitro tech stack, enabling fraud proofs over the core engine of Geth compiled to WASM.
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