Oblio Swap is a DEX protocol based on Polygon network, that allows users to trustlessly swap their tokens and coins across multiple blockchains. 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 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.
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. This is called New Gen Staking. The more tokens user holds, the bigger the reward.
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. Oblio team has solved the scalability problems of ETH network, by building on OKB Chain.
Oblio Network team will charge a fixed fee in OBL tokens (amount TBD) for a listing on Oblio Swap.