СleanDefi Swap is a decentralized automated liquidity protocol built on Solana, allowing users to exchange SPL tokens. Only authorized users can make the exchange, the rest are offered authorization through selected wallets. To perform the exchange operation users need to choose the currencies of the exchange and required amount of the exchanged (first) currency or the amount in the target (second) currency. The amount of currency in the opposite field will be automatically calculated.
Additional settings available to the user: Gas level during a transaction (one of three: Standard, Fast, Instant) Slippage Tolerance level (Slippage Tolerance) Partial execution of an order (by toggling the "slider" yes/no)
To participate in Staking, it is necessary to have an appropriate amount of cryptocurrency in a wallet. Tokens participating in the Staking are blocked (deducted from the user's wallet) and cannot be used for settlement transactions until the end of the Staking period. Only authorized users can add liquidity to the Pool and receive remuneration in Pool tokens, with accrual of project tokens according to Pool parameters.
Unlike farms, where 2 types of cryptocurrencies are required to receive rewards, one type of token is enough to participate in Staking.
The main parameters of the Pool displayed:
Coin/token blocked for participation in staking (e.g. CDI). The first line displays info about IFO, if there is an IFO. The number of tokens accrued (if user already participates in "staking") Total amount of tokens participating in staking.
Expected (estimated) APR. Either the total amount of tokens that can be transferred to a stake or the number of blocks after which the stake will end (and the staking fee will cease to accrue - harvest).
NFT Marketplace on platform makes possible to create a collection from the NFT submenu after creating a Profile by clicking on the "Create Collection" button.
When creating a collection, the user goes through the steps:
Adding logo. Assigning name to the collection. Adding description of the collection. Adding links to third-party resources (Instagram, Facebook, Twitter, website). Creating (Mint) NFTs: Entering an NFT name , Adding description , Setting price (fixed) , Click on the "Sell" button , Paying the network commission (Solana) Paying the portal commission. Wе will rаnk thе rаritу оf thе NFT соllесtiblеѕ based on the amount оf underlying аѕѕеtѕ wrapped in thаt token. For instance, a $1M wоrth оf CleanDefi tоkеn will make it Ultrа Rаrе оr Super Rare. Aраrt from thаt, we will аlѕо add uniquе dеѕignѕ of CleanDefi сhаrасtеrѕ to these NFT соllесtiblеѕ ѕimilаr tо whаt Crурtо Kittу or Polkamon has dоnе ѕо far.
IFO - Initial Farm Offer - analog of Binance launchpad, where project token needs to be staked to provide the rights to buy coins/tokens of new projects, which are offered for sale for the first time. In order to participate in IFO on CleanDefi platform, the user needs not only to authorize the wallet, but also to register a User Profile. In addition to have an access to User Profile, the user has to "stake" a certain number (CDFI ) of project tokens in an IFO pool in order to be allowed to participate in the IFO. The process of participation in an IFO pool is similar to that of other pools.
After registering a Profile and staking project tokens in the IFO pool, the user can spend the same number of tokens that are credited to him for staking in the IFO pool to acquire coins/tokens for the new project. There are restrictions on the minimum (usually not more than $100) and maximum amount of purchases of tokens, regardless of what volumes are "deposited" by the User in the IFO pool.
Liquidity provider fee: During exchange 0.3% of the trade value is paid to each liquidity pool involved in the trade. Later, 0.25% of this translates into earnings for liquidity providers. The remaining 0.05% goes into the Treasury and CDFI Reserve (80/20).
In the CDFI Pool, we see these values: Liquidity: $ 5 M Volume 24H: $ 1.25 M Volume 7D: 8.75 M
Calculate yearly fees.
Use the 24H volume to calculate the fee share of liquidity providers in the pool (based on the 0.3% trading fee structure): $1 250 000*0.3/100 = $3 750.
Next, use that fee share to estimate the projected yearly fees earned by the pool (based on the current 24h volume): $ 3 750*365 = $1 368 750.
We can now use the yearly fees to calculate the rewards APR: That's yearly fees divided by liquidity: ($1 368 750/$ 5 000 000)*100 = 27.375% reward APY.
Note, this kind of calculation is used for rewards in LP tokens too. The APY depends on TVL. Here we have APY and Multiplier is different according to vesting period and amount CDFI.
Let’s assume that today: The reward APY in pool is 27 % (according to previous calculations) You has provided $10,000 worth of liquidity and you have staked 33 000 CDFI for a 12-months term. Your APY will be 94,5% (as multiplier 3,5x was used).
CleanDefi is an automated liquidity protocol powered by a constant product formula and implemented in a system of smart contracts on Solana blockchain. To mitigate impermanent loss and incentivize liquidity providers, we use a stakeholder model that pays liquidity providers a percentage of all trading fees and rewards users with platform-specific tokens that can become highly valuable assets in their own right. In liquidity pools token pairs must maintain equal total values. This balance of equal values is managed by the formula: x*y = k.
To mitigate impermanent loss within the decentralized finance ecosystem and incentivize users to supply tokens to liquidity pools, AMM platforms pay trading fees to liquidity pools and providers, and often distribute platform tokens to users. On CleanDefi, liquidity providers earn a 0.3% fee every time a trade occurs. For liquidity providers, more trading and more volatility means more money. With enough trading volume on the platform, liquidity providers can accumulate fees to negate the occurrence of impermanent loss.
Recently, AMMs have begun establishing reward systems for liquidity providers via project-based tokens. For example, if you provide tokens to a designated CleanDefi liquidity pool distributing token rewards, you can earn CDFI tokens on CleanDefi.
- Blog (Medium)
- Brand Assets
Last modified 7mo ago