Introducing Uroboros — DEX-aggregator with new earning model #Swap2earn
The easiest way to start a new DeFi-cycle
GM everyone! We are pleased to introduce to you Uroboros. We are preparing to release a product that will be useful for experienced users and will be the starting point for many newcomers to the world of Defi.
What is Uroboros?
The Uroboros team plans to release two versions of the product — Version 1.0 with base functionality and Version 2.0 with extended functionality.
Uroboros 1.0 will act as a DEX aggregator. The main features of Version 1.0 will consist of a farming protocol that entails the aggregation of farming facilities in DeFi space. The purpose of the DEX aggregator is to procure the most profitable farming and fixed offers, as well as to provide cashback for transactions (it gives you an opportunity to make money swaping using our swap2earn protocol) on the network while bypassing the need to purchase native platform and liquidity pool tokens.
Uroboros 2.0 will act as an extension of the functionality of Version 1.0 with the addition of functions inherent to CEX platforms. Version 2.0 will take a step away from classical network features with wired bridges in wallets and exchanges (accessing multichain liquidity with our protocol and using our permission-less and chain-less wallet). Simplification of all transfer and browsing operations, as well as the expansion of exchange functionality for professional traders, are the main distinctions of Version 2.0 from Version 1.0.
One of the Uroboros Version 1.0 Key Features is Unlimited cashback on Transactions
The Swap2Earn model allows users to earn a certain percentage of cashback on the transactions they conduct. The cashback will be paid in the token that was exchanged. The larger the exchange amount, the more likely the user is to receive cashback. For example, when exchanging BNB for USDT, users will receive cashback in BNB as the original exchanged asset.
You can earn thanks to the exchange cycle of token B and the price difference within this cycle. Asset B is bought and sold several times; the cycle is closed with profit due to the difference between Price 1 and Price 2.
Have you guessed why we named our product Uroboros?
Previously, only miners and MEV bots were engaged in extracting such profits. They make money using arbitrage, a strategy designed to make money on the difference between buying and selling assets, waiting for your transaction in the mempool. The main disadvantage of MEV is the increase in transaction costs for all players, which arises from the “interception” of arbitrages between miners and bots. Uroboros, on the other hand, offers its users to profit from this thanks to the unique Y-cyclicity algorithm.
Who bears the losses in this case, if not you? Classic DEX protocol users and angry MEV bots! :-)
We will tell you more about the functionality of versions 1.0 and 2.0 in the next announcements.
Rewards for early community members
We wish to form a community of people who endorse the same values and can help us build the product and participate in the life of DAO Uroboros. Therefore, we will slightly lift the veil of some planning activities:
● Airdrop, designed primarily for contributors, ambassadors and active users of the project.
● A co-building channel for the real web3 enthusiasts will be launched on the Discord server with the opportunity to participate in the product co-building and to be the first to test this service and provide the feedback.
● A collection of NFTs will be launched, the owners of which will be able to receive benefits from transfers. OMG! Getting on the whitelist is not that easy! :-)
● OG roles and fun competitions with prize funds!
● Reduced payment commissions and awesome farming conditions for active users!
● Access to closed functionality. Be the first to get profit from Uroboros!
Join us on social networks and instant messengers — there you can learn more about our project and explore its roadmap and whitepaper. Keep your finger on the pulse! New announcements coming soon.
Discord: https://discord.gg/MpTqKFxsFA
Twitter: https://twitter.com/uroborosdefi
Telegram: https://t.me/uroborosdefi