SnowSwap
  • SnowSwap Introduction
  • General
    • Stablecoin Yield Farming
    • Uses of SnowSwap
    • SNOW Governance Token
  • Trading Pools
    • Swap Overview
    • Swap Pools
      • yVault USD (yEarn Stablecoins)
      • yVault Curve (Curve Stablecoins)
      • fUSD (Harvest Stablecoins)
      • eth2SNOW Pool (aETH, crETH, or wETH)
      • btcSNOW (Harvest or Yearn crvRenBTC)
      • crvethSNOW (Curve Wrapped ETH)
  • Staking & Liquidity Mining
    • Liquidity Mining Overview
    • Stake Pools & Depositing
      • Frosty (SNOW)
      • Rudolph (SNOW-ETH Uniswap LP)
      • Santa Claus (Curve Stablecoins)
      • Jack Frost (yEarn Stablecoins)
      • Buddy Elf Pool (ETH2 staking coins)
      • Cupid (Harvest or Yearn crvRenBTC)
      • Donner (Harvest Stablecoins)
      • Night King (Curve Wrapped ETH)
    • HowTo: Provide Liquidity to Rudolph (SNOW-ETH)
  • Other Topics
  • Contract Addresses
  • Developer Info
  • Selected Partnerships
    • To be announced soon
  • Under Development
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On this page
  • (1) Swapping Using SnowSwap Pools
  • (2) Providing Liquidity to Earn SNOW (Liquidity Mining)

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  1. General

Uses of SnowSwap

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Last updated 4 years ago

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(1) Swapping Using SnowSwap Pools

Imagine you have USDC deposited into yEarn’s yUSDC vault but you notice you could be earning a higher yield using yDAI. You could pay the gas required for all the transactions to withdraw your USDC, convert it to DAI, and then re-deposit your DAI into Yearn or you could save yourself the hassle and use SnowSwap. SnowSwap's yVault USD pool allows users to easily enter and exit yVaults and other yield bearing tokens for only the gas cost of a swap fee. Increasing liquidity for similar yield-bearing tokens makes it easier for users to speculate on their yield or performance. Our first pools, yVault USD (yDAI, yUSDC, yUSDT, yTUSD) and yVault Curve (yUSD, ybCRV), were focused on yield-bearing stablecoin tokens.

After this we decided to expand from stablecoins into tokenized BTC. We created the btcSNOW pool (YcrvRenWSBTC, FcrvRenWBTC) which allows swapping between yield-bearing tokenized versions of BTC from and .

We then went even further and introduced a new pool called eth2SNOW designed to incentivize ETH2 adoption. One of the problems of ETH2 staking is the 18-24 month commitment before staked ETH can be transferred or withdrawn. Providers like by ANKR and have attempted to provide liquidity by issuing derivative tokens to represent ones tokens locked in staking. However, how can one swap between these platforms or back to regular ETH?

(2) Providing Liquidity to Earn SNOW (Liquidity Mining)

Instead of swapping assets in the pools, one can provide liquidity to the pools to earn SNOW. SNOW can also be staked to earn more SNOW.

SNOW holders are able to participate in the governance of the SnowSwap platform using the Snow DAO.

yEarn
Harvest Finance
STKR
LIDO
Swap Overview
Liquidity Mining Overview