# Uses of SnowSwap

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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 [yEarn](https://yearn.finance) and [Harvest Finance](https://harvest.finance).

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  One of the problems of ETH2 staking is the 18-24 month commitment before staked *ETH* can be transferred or withdrawn.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 [STKR](https://eth2.ankr.com) by ANKR and [LIDO](https://lido.fi) 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*?

{% content-ref url="/pages/-MTtVwbXb4tNXbkLHCuv" %}
[Swap Overview](/pools/swapping-overview.md)
{% endcontent-ref %}

## (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.

{% content-ref url="/pages/-MTtXNFL5tQ1f3Csrb-G" %}
[Liquidity Mining Overview](/staking-liquidity-mining/overview.md)
{% endcontent-ref %}

{% content-ref url="/pages/-MTtY09ZyKX-QQLJa5KE" %}
[Broken mention](broken://pages/-MTtY09ZyKX-QQLJa5KE)
{% endcontent-ref %}


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