Projects
Projects are the key to the Cardano Ecosystem. Saturn Swap plans to support projects with features that are only possible on the Cardano Blockchain.
Last updated
Projects are the key to the Cardano Ecosystem. Saturn Swap plans to support projects with features that are only possible on the Cardano Blockchain.
Last updated
Saturn Swap is extremely exciting for projects as we are leveraging various features of the Cardano Blockchain to provide value to projects in a way that is only possible on Cardano!
Projects that provide liquidity to Saturn Swap will keep the ₳ staking rights and voting rights for all liquidity provided in their token's pools!
That's right, projects that move liquidity from other DEX's to Saturn Swap will gain potentially millions of ₳ in staking and voting rights by choosing Saturn Swap! This can be used to bolster a stake pool, or upvote funding proposals in Cardano's Catalyst program!
This feature is only possible on Cardano due to the chain's powerful liquid staking model. No other blockchain has the technical structure to enable projects to gain staking and voting power in this way.
Previously, other Cardano DEX's have kept the staking and voting rights for themselves, stripping projects' of their hard earned voting power and damage their ability to receive Catalyst Funding.
This changes with Saturn Swap's launch.
Projects will now control their own liquidity and keep their staking and governance voting rights from the value they provide to the protocol!
Trading fees are similar to NFT royalties which allows projects to earn revenue to continue their operations and grow their following.
This is valuable for projects that trade higher volumes and have more of a community-focused mission such as meme coins.