Final Preview of Synth Swap

Today we are releasing the final preview of SEXP Synth Swap.

In addition to trading, you can also stake SEXP and mint sUSD, and you can provide liquidity through the SEXP Bonds.

Trading is similar to the original preview. Newly available in this preview are staking (minting) and providing liquidity via SEXP Bonds.

Staking locks your SEXP tokens as a collateral, so that you can mint sUSD.

Minting creates sUSD that can be used to trade on the Synth Swap or to provide liquidity, e.g. to a USDT-sUSD pair. Providing liquidity to a stable pair is a low-risk way to earn yield on your funds.

When you are done and want to get your collateral SEXP back, you can burn the sUSD that you minted and unlock you SEXP tokens.

SEXP Bonds are another cool way to earn while helping the protocol. The bonds app lets you sell LP tokens in the SEXP-USDT pair for SEXP tokens. The benefit is that you get the SEXP tokens at a discount. This lets the SEXP protocol purchase liquidity instead of renting it, which is better in the long term.

In the ghostnet preview, you get a small number of tokens from a faucet to test these features. In the mainnet version, users will be able to get the Tezos version of USDT from Binance, or purchase USDT on Quipuswap for XTZ. With USDT, users will then buy either sUSD on Quipuswap for trading or SEXP token on Quipuswap for staking SEXP and minting sUSD.

The fees generated from trading are split among everyone who minted sUSD.

Most actions such as claiming rewards, claiming bonds or liquidations are automated by keeper bots. This means that when you buy bonds, instead of having to claim the reward, it just appears in your wallet automatically once it's available.

To try the new features head over to: ghostnet.sexp.exchange