News & Updates • 11 Nov 2020 • 1 min read

Switcheo is Now Listed on Flamingo Finance

Swap the SWTH-nNEO trading pair or contribute liquidity to earn rewards on Flamingo Finance

Switcheo is Now Listed on Flamingo Finance

SWTH is live on Flamingo Finance! Trade the SWTH-nNEO token pair or provide liquidity to the SWTH-nNEO pool to earn rewards via swap fees.

Earn Rewards by Providing Liquidity

Users can now earn rewards by contributing liquidity to the SWTH-nNEO liquidity pool on Flamingo Finance and gaining Liquidity Provider (LP) tokens, FLP-SWTH-nNEO. LP tokens grant liquidity providers the right to redeem their assets and earn rewards via swap fees, proportional to how much was contributed to the pool.

FLP-SWTH-nNEO tokens obtained from providing liquidity to the SWTH-nNEO pool can also be staked to earn FLM, Flamingo’s native token. Of the 5 million FLM reward tokens released every week, 2.5% are distributed to stakers of the SWTH-nNEO pool. Find out how to stake LP tokens here!

For a detailed tutorial on how to contribute and withdraw liquidity from liquidity pools, check out Flamingo’s user guide. Do note that withdrawing tokens from liquidity pools will result in your LP tokens being burned.

About Flamingo Finance

Flamingo Finance is an interoperable, full-stack DeFi protocol built on the Neo blockchain supported by the NEO Global Development (NGD). As a cornerstone of Neo’s DeFi infrastructure, Flamingo completes the Neo ecosystem’s DeFi network and aims to provide innovative solutions to current challenges faced in the DeFi space. Flamingo is built around the three essential elements of DeFi - assets, markets and funds, and ensures a streamlined liquidity flow within all products.

Not financial advice

The information and publications are not intended to be and do not constitute financial advice, investment advice, trading advice or any other advice or recommendation of any sort offered or endorsed by Switcheo. Switcheo does not take into account your personal investment objectives, specific investment goals, specific needs or financial situation and makes no representation and assumes no liability to the accuracy or completeness of the information provided here. Switcheo also does not warrant that such information and publications are accurate, up to date or applicable to the circumstances of any particular case.

About Carbon

Carbon is a decentralized cross-chain financial protocol built atop of Cosmos-SDK for scalable and secure trading of derivatives and sophisticated financial instruments. Carbon also acts as a building block for cross-chain DeFi by bridging Cosmos and Ethereum ecosystems, allowing for cross-chain money markets and permissionless token listings from IBC, EVM and non-EVM chains.

For more information:

Visit the website or check out the protocol roadmap
Explore CarbonHub, where you can buy and stake $SWTH, Carbon’s yield generating protocol token
Experience trading on Demex, Carbon’s reference trading UI and Nitron, Carbon’s reference money market dApp
Join the conversation on Twitter, or our community Telegram and Discord channels

About Switcheo Labs

Switcheo Labs is an experimental think tank that combines the brightest minds with a cutting-edge software development lab. We focus on nurturing ecosystems that are forming the foundation of a new, decentralized world — one that thrives even without trust.

With this goal in mind, the team developed a blockchain solution where finance is truly censorship-resistant and decentralized — Carbon, a custom Layer 2 cross-chain protocol that acts as a building block for DeFi. A promising use case for Carbon is seen in Demex, a reference trading UI for Carbon and the world’s first fully decentralized derivatives platform.

Ling Young Loon

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We go forward.

Ling Young Loon

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