SnowSwap is designed for low slippage stablecoin swaps and is based on Curve’s AMM. By creating pools for yVault stablecoins, traders can easily swap between different vaults without paying withdrawal fees and can exit positions cheaply by swapping into vaults with sufficiently large token reserves and then withdrawing.

SnowSwap users can also diversify their yield across multiple stablecoin vaults by acting as LPs, and can also earn additional yield in the form of trading fees, which will initially be set at 0.04% per swap.

The first pool will support yVault USDC, DAI, USDT, and TUSD. The second pool will support yUSD and ycrvBUSD. Vanilla stablecoins can be deposited via a zap contract and the corresponding yVault token will automatically be minted and supplied to the pool. Upon successful deposits, LPs will receive the ySNOW token, which will increase in value against the underlying pool tokens as AMM fees accrue to the pool.

SnowSwap is intended to be a community-owned initiative. As the protocol evolves and we add additional pools and revamp features, we will seek the community’s active involvement in the decision making process. Likewise, we believe in an equitable distribution of protocol fees among SnowSwap’s community members.

Made with ❤️ (and a lot of ☕️) ☃️

$SNOW Token address : 0xfe9a29ab92522d14fc65880d817214261d8479ae