01/08/2021
What are the features of VISwap?
(1) Decentralized Cross Chain — Users can deposit VIT coins into the contract and obtain the corresponding mapping Tokens in a decentralized way.
(2) Cross Chain Swaps — Users can swap coin from one blockchain with another from a different blockchain.
(3) Programmed Pricing and Liquidity — Liquidity provider can add and withdraw liquidity into the swap pair. The programmed pricing system is based on the liquidity provided.
What is the expected APY on VISwap?
Different LPs have different yield, and yield fluctuate over time, investors must do their own research and due diligence. However, in order to attract participation in liquidity mining during the early stage, APY for VIT early bird mining is estimated to reach around 5000%.
VISwap team has also implemented other mechanisms to sustain APY overtime, e.g., there will be a 10% deduction for every transaction - 5% of which will be directly destroyed, 3% will be injected back into the liquidity pool and 2% will be distributed to VIT holders.
VISwap and cross-chain related contracts are all audited by LianAn Technology, A.K.A. Beosin Co. Ltd (https://www.lianantech.com). They are very established in China, e.g., they are the main technical support team for CNVD's national blockchain security vulnerability platform among other things.
