VirtuSwap is live on Polygon & Arbitrum mainnet
DEXes are a cornerstone of DeFi. DEXes solve several problems that are plaguing CEXes: custody with negligent risk management, outright fraud, and fake (wash) trading. All of these problems are not part of DEX trading — all activities are recorded in the public blockchain and thus transparent and immutable; the system is non-custodial; and DEXes are generally censorship resistant.
However, DEX trading tends to be much more expensive than trading on CEXes — both in terms of transaction costs and price impact, and therefore trading volume on CEXes dwarfs that on DEXes.
We believe that DEXes are the future of trading in crypto assets, and that DEXes could reach their potential of becoming the main trading venue for crypto assets, only when trading costs will be competitive to CEX trading costs.
We are dedicated to use our expertise in financial engineering and data science to present efficiency to DEX trading, in VirtuSwap DEX and the entire DeFi ecosystem.
Our tokenomics is heavily influenced by Curve $veCRV tokens, used for governance. $VRSW holders are incentivized to stake their tokens and receive $veVRSW, used for voting on various proposals, mostly on protocol parameters and assets that can enter reserves of liquidity pools.
Unlike Curve, where you have to lock $CRV tokens to receive $veCRV, VirtuSwap offers a simpler solution. By holding tokens, you can enjoy governance and cash flow benefits without the need to lock $VRSW. However, you have the option to lock $VRSW for additional rewards.
In addition, staking and locking $VRSW increases the return to liquidity provision by boosting LP rewards with newly minted $VRSW tokens. Moreover, the duration of staking (with or without locking) of $VRSW tokens positively impacts the $VRSW rewards to liquidity provision.