cSwap V2: Turbocharging the DeFi Landscape
Introduction:
With cSwap V2, we have taken the user-friendly and familiar foundation of the platform and turbocharged it with innovative features and enhancements, creating a powerhouse DEX that addresses our community’s needs and desires. In this article, we’ll dive deep into the features of cSwap V2 and showcase how we have carefully considered and addressed the needs of our community to create an unparalleled trading experience.
The genesis, vision, and ambition of cSwap V2 have always revolved around our community. As we strive to disrupt the existing DEX landscape with groundbreaking technology and innovative solutions, our community’s voice has been the guiding force. Here, we’ll outline the feedback we received from our users and demonstrate how cSwap V2 addresses those requests.
Feature Set: Delivering on Our Community’s Requests
A thorough examination of the most remarkable features that make cSwap V2:
a. Advanced Order Book and Charts: Our state-of-the-art order book and visually appealing charts enhance your trading experience, providing real-time market data and helping you make informed decisions.
b. Boosted Pools: We’ve taken liquidity provision and rewards to the next level by transforming the concept of master and child pools into boosted pools, offering an innovative approach to liquidity and incentives.
c. Cumulative APRs and Boosted APR Comparison: Make informed decisions when selecting pools with ease, thanks to our platform’s ability to compare cumulative APRs and boosted APRs for a clear understanding of potential returns.
d. Daily Estimated Rewards: Keep track of your potential earnings on the platform with our daily estimated rewards feature, designed to give you clarity and control over your investments.
e. Streamlined Navigation: Our platform now offers a trade button on the add liquidity page, a list view for easier pool access, and a filter button to sort pools based on your preferences, delivering a seamless and enjoyable trading experience.
f. Refreshing UI, Colors, and Graphics: Our new user interface boasts vibrant colors and eye-catching graphics, making trading on cSwap V2 a visually engaging and user-friendly experience.
g. Enhanced User Experience: We’ve combined the deposit, farm, withdraw, and unfarm buttons to allow you to execute multiple transactions in a single click, saving you time and effort. With this feature, users can deposit their assets and start farming with a single click. This action sends out two Keplr transactions — one to deposit the assets and another to farm them. This improvement significantly enhances the user experience by saving time and simplifying the process of adding liquidity and farming token
h. App Icon for Easy Navigation: Access Commodo, Harbor, and other Comdex apps effortlessly with the app icon at the top of the page, enabling seamless navigation between these apps.
i. Bridge Feature for Seamless Cross-Chain Transactions: Our bridge feature enables easy IBC transfers for Cosmos chains and integrates with Gravity and Squid widgets for cross-chain bridging, ensuring a smooth cross-chain experience.
J. Additionally, we’ve added a bonus feature: a list view. This new view enables users to see all available pools at a glance, making it easier to navigate and explore different options. It’s another way we’ve made cSwap V2 more user-friendly and efficient
K. Fiat On-Ramp: We are pleased to announce a major integration with the Kado team. To ensure a comprehensive trading experience, we have incorporated a feature allowing users to purchase CMDX directly with Fiat through Kado.
System Changes:
Enhancing the Structuring and Incentive Plan:
In addition to the innovative UI changes, cSwap V2 brings several critical adjustments to the platform’s structuring and incentive plan, reflecting our community’s feedback and ensuring an optimized experience for our users:
a. Extended Rewards Period: We have changed the rewards period(epoch) from 7 days to 14 days to avoid constant schedule changes and provide a longer, more stable rewards period. This extension allows for a more predictable rewards timeline and reduces the need for constant monitoring.
b. Experimental 80:20 Master Pool External Incentive Split: To better understand user liquidity and flow, we are launching an experimental beta period (starting from phase 33) with an 80:20 master pool external incentive split. This initiative aims to evaluate the effectiveness of this incentive structure in attracting and retaining liquidity. We will assess the results at the end of the trial period and determine the most optimal incentive allocation moving forward. We aim to continue the beta period for 2 to 4 epochs.
c. Migration to stATOM/stCMDX Master Pool: Doubling the Yield
As part of our continuous efforts to increase yields for our users and boost liquidity on cSwap, we’ve migrated the Master Pool from ATOM/CMDX to stATOM/stCMDX. This move means that users will not have to forfeit their staking yield while earning boosted rewards for liquidity provision on cSwap. The benefits of this change are two-fold: users can expect to see their yields practically double, and the overall liquidity on cSwap is set to increase, further enhancing the platform’s utility and performance.
For now, feel to follow along with cSwap via any of the following:
