Swene Liquidity Generation Event

The Liquidity Generation Event (LGE) is a 10 days period to contribute to the liquidity pools in exchange for increased yield on the DeFi protocol.

Swene’s first Liquidity Generation Event on the Ethereum network

The Liquidity Generation Event (LGE).

With great excitement, Swene is announcing the release of its first Liquidity Generation Event (LGE). The event is described in details in the following chapters, in order to help even DeFi newcomers to understand everything perfectly. If you are already familiar with liquidity pools, feel free to skip the next chapter.

Introduction to liquidity pools

“Liquidity providing strategy” or “market making strategy” is the strategy that consists of adding liquidity to a market by providing the supply of two assets. By providing the asset pair (liquidity), two-way trading is enabled for anyone willing to trade one asset to another. The more liquidity a pair of assets has, the more stable it is, reducing price fluctuation and slippage.

How does this work?

When someone purchases a large portion of one of the assets from the liquidity pool, it reduces the supply for that asset in the pool, while simultaneously increasing the other. Since the ratio of the tokens in the pool dictates the price, this transaction, depending on the size of the pool, will have a corresponding effect on the tokens’ prices. The larger the pool is, the less the price will fluctuate, meaning lower slippage.

Our plans

The first Liquidity Generation Event (LGE) is designed to provide an initial batch of liquidity to our token Swene (SWN). This liquidity will be provided on the largest Automatic Market Maker (AMM): Uniswap.

Liquidity Ingenuity

One important aspect to note for the LGE event is that all of the SWN/ETH liquidity generated during the event will be locked 6 months resulting in yield farming rewards from 2 to 3 times higher than non-locking contributors will receive. The yield percentage will be 2 times higher in this liquidity pool and the Genesis NFT sent at the end of the event will give from 20% to 50% increase in the yield depending on the amount invested which would result in 3 times higher yield maximum.

50% of all the circulating supply will be locked 6 months in this event except if the total marketcap of SWN after the second step of the event is less than $1M, in this case, the amount of SWN tokens locked forever will be decreased and the tokens that have not been locked will be distributed in a yield farming event over a period of 2 months after the LGE end.

Swene’s audited smart contracts will first be deployed on the Ethereum network and creates a liquidity pool, then pushing this liquidity automatically to Uniswap locking it for 6 months

What is Swene?

Swene Technologies is a company based in Europe (Tallinn, Estonia) that develops environmental friendly solutions to facilitate the use of cryptocurrencies and decentralized protocols.

Swene upcoming products

Metaverse

A metaverse framework to standardize the industry.

Stablecoin

A stablecoin based on the average between Euros and Dollars.

Swap

An Automatic Market Maker (AMM) looking for the best prices of a selected asset on different chains and swaps.

App

An app (web, iOS and Android) to manage finances, create savings accounts, invest in stocks, commodities and cryptocurrencies including a yield aggregator looking for the best yield percentage of a selected asset..

Links

Website

https://swene.io

Blog

https://blog.swene.io

Documentation

https://docs.swene.io

Liquidity Generation Event (LGE)

https://event.swene.io

Stablecoin

https://stable.af

App

https://swene.app