• Private SHO
  • DeFi

Smoothy Finance

Smoothy is a novel stablecoin swapping protocol that is capable of supporting 100+ stable coins in a single pool with low-cost, low-slippage swapping and maximum interest earning for LPs.

Defiance logo

Lead VC

Defiance

Market Maker

NA

Controlled Cap

NA

DAO Approved Metrics

Approved

What is Smoothy Finance (SMTY)?

Smoothy is a novel stablecoin swapping protocol that is capable of supporting 100+ stable coins in a single pool with low-cost, low-slippage swapping and maximum interest earning for LPs.

Current data (without SMTY launch)

  • 120m+ TVL on both BSC and Ethereum from 5000+ LP
  • 15m+ daily trading vol

Innovation tech/narrative (not a simple forked project) + high-quality/solid product + great organic data before token live + core team with good profile + great investors/partners/exchanges.

Features

  • Reduce the gas fee significantly by algorithm optimization - 90% lower gas than ypool in Curve
  • Single pool supporting multiple stablecoins with better liquidity
  • Maximum LP reward
  • Zero-slippage swapping algorithm

What is Smoothy Finance (SMTY) marketing strategy?

  1. Pre-ming event on BSC and Ethereum already helped Smoothy to acquire 5000+ LP and generate 15m+ trading vol on the daily basis.
  2. Smoothy will work with partners including Terra, Tron or QuarkChain to attract users in their community.
  3. Also, it is working with KOLS to create more awareness and conduct several IDOs in different ways.

What makes Smoothy Finance (SMTY) unique?

The main competitor is Curve and its forks (most of the stablecoin protocols are a curve-forked product).

  • Smoothy Finance has several unique features that Curve can hardly offer
  • Single pool for all stablecoins (e.g., 20+ stablecoins in a pool) with interest earning, which results in better liquidity
  • Collaterals to add/remove stablecoins in the pool
  • Low-slippage and extremely low gas fee even with interest-earning

What is Smoothy Finance (SMTY) roadmap?

Smoothy Finance (SMTY) revenue streams

What technologies Smoothy Finance (SMTY) created and used?

1) Novel bonding curve invented by Smoothy.finance

Smoothy.finance invents a new swap called SmoothSwap, which designs a novel bonding curve that.

  • Offer 1:1 swapping if the pool is balanced, i.e., the percentages of the tokens are within predefined ranges
  • Incur a penalty (derived from the bonding curve) if the pool is unbalanced

The mathematical derivation of the bonding curve and its smart contract implementation is completely invented by Smoothy Finance.

2) Single pool supporting multiple stablecoins with better liquidity

Unlike Curve, which supports up to 4 stablecoins in one pool, Smoothy can support multiple stablecoins in one single pool, and can flexibly add/remove any token. Theoretically, Smoothy can accommodate hundreds of different types of stablecoins in one pool (even algorithm stablecoins). This means that Smoothy will not suffer from the fragmented liquidity of multiple pools, enabling better liquidity.

3) Maximum LP reward achieved by Dynamic Cash Reserve Algorithm

With reference to the bank's reserve system, they designed a unique Dynamic Cash Reserve Algorithm, which dynamically allocates the majority of funds in the underlying interest-earning platform and the rest is reserved to meet daily swap needs. In other words, in addition to governance token earnings, liquidity providers can gain swap fees together with interest earning and lower gas fee.

4) Reduce the gas cost significantly by algorithm optimization

Even deployed on Ethereum, the gas fee required by stablecoin swap on Smoothy is reduced by 90% compared to Curve's yPool and mStable after the algorithm optimization. It achieves a lower gas fee without using layer2 and ensures composability.

What are Smoothy Finance (SMTY) tokenomics?

In order to promote community governance for the network, SMTY would allow holders to propose and vote on governance proposals to determine features and/or parameters of Smoothy as well as protocol improvements, with voting weight calculated in proportion to their token holdings. For example, Collateral for adding new stablecoins and for increasing soft weight of a stablecoin:

  • Adding new stablecoin and its "ytoken"
  • Adjusting soft and hard weights of a stablecoin
  • Adjusting the protocol fee structure of Smoothy

Further, SMTY holders can stake SMTY to receive the following benefits:

  • Receive fee/interest collected from Smoothy
  • Boost SMTY liquidity mining
  • Receive SMTY that withdraw their liquidity mining SMTY's early