Oblio Swap is a DEX protocol based on the Polygon network, that allows users to trustlessly swap their tokens and coins across multiple blockchains.
We aim to support all major blockchains in the near future.
Oblio Swap pools tokens into smart contracts and users trade against these liquidity pools. Anyone can swap tokens or add tokens to a pool to earn fees. It obviates the need for trusted intermediaries, prioritizing decentralization, transparency, and security.
In general, a flexible fee, aimed at 0,3%, is taken by the pool contract on every transaction/trade on Oblio Swap. And, 83% of this fee is divided between the liquidity providers proportionally to their share.
In the early stages, Oblio will not charge an operational fee to its customers to attract more users with competitive fees.
For example, if a user provides 50% of the pool’s liquidity, he will earn 50% of the collected fee. The remaining 17% of the fee will go towards the Oblio token holders, proportionally as a new method of staking, called the Next-Gen Staking.
The more tokens the user holds, the bigger the reward, and this use case is part of our HODL incentive token utilities.
This addition will be added in the v2 of Oblio Swap.
Token swaps are highly secure since they do not require funds to be held on the exchange.
The Oblio Network team will charge a fixed fee in OBL tokens (amount TBD) for the:
• Listing on Oblio Swap
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