SemarSwap

Summary: The VinuSwap is an AMM Swap, with in-house cross-chain bridges, staking, and lending capabilities.

SEMAR leverages on the Vite network’s capabilities to develop smart-contract based cross-chain bridges between Vite and other blockchain network. This allows SEMAR users to move their tokens seamlessly between different ecosystems, and to utilize various features and functions that we will build within them. For instance, upon the creation of the Vite-MATIC Chain bridge, SEMAR holders can bridge their SEMAR tokens over to the MATIC Chain.

They can then engage in a whole range of actions within that network, including staking and swapping for other tokens. The SEMARSwap will be a decentralized exchange with several key features, bringing a range of utility to the Vite ecosystem. The combination of these features also allows the savviest of investors to maximize their yield.

Bridge

One of the features of the SEMARSwap is to facilitate easier cross-chain transfers to from the Vite network. Currently, SEMAR holders have to use the Vite wallet app to make cross-chain transfers.

With SEMARSwap, they can simply connect their Vite wallet and external wallet (such as MetaMask, or any wallet with WalletConnect capabilities), and make cross-chain transfers seamlessly. This will reduce the difficulty threshold for newcomers, and play an important role in making the fast and feeless Vite network more accessible.

Swap

SEMARSwap will be an automated market maker (AMM) decentralized swap on the Vite network. It will allow users to swap their tokens – even small amounts – without needing to engage with order books. Prospective traders can make their trades at the best rates with low fees, via a simple and intuitive front-end interface. Users will also have the chance to provide liquidity to the trading pairs on SEMARSwap.

A significant portion of the trading fees incurred on the SEMARSwap will be distributed back to the liquidity pools. Over time, and depending on the trading volume on SEMARSwap, this increases the value of the liquidity pool (LP) tokens that providers hold. Stake SEMARSwap will also offer an in-house staking platform, becoming independent of other staking platforms on the Vite and other networks that it is bridged to. SEMAR holders will be able to stake their SEMAR tokens to earn SEMAR rewards, as well as other coins or tokens from our future partners. Liquidity providers will also be able to stake their LP tokens to further increase their yield.

Borrow and Lend

SEMARSwap will also contain a lending platform. This allows users to lock their SEMAR in a lending pool, for other users to borrow. A significant portion of the interests accrued from these loans will be paid out to lenders. In the case of defaulted loans, the collaterals provided by the lender will be distributed among lenders.

From the borrowers’ perspective, SEMARSwap’s lending platform allows them to request and make use of SEMAR while holding on to their other cryptocurrencies. That is, they do not have to sell their holdings to get SEMAR (which they can use for various activities, such as staking).