PheasantSwap (beta) is Now Live on ENULS mainnet
We’re extremely excited to announce that our product, PheasantSwap, is now activated on ENULS mainnet! This is a thrilling moment that we have waited for, which we all believe will shape the ENULS DeFi ecosystem. The current beta version has all the features already implemented, the PheasantSwap team will optimize the products based on feedback received from the community during the testing.
The PheasantSwap(beta) is a standard decentralized exchange that has 3 features, which includes:
Trade (Swap)
PheasantSwap’s AMM (Automated Market Maker) technology enables users to swap between different tokens on the platform. Through NULS parallel chain and cross-chain technology, PheasantSwap can provide fast and low-cost trading with high efficiency and unlimited scalability. With its focus on minimizing gas fees and making it easier for regular users to enter the world of Web3 and blockchain, PheasantSwap’s Swapping/Trading feature offers users a simple and accessible way to trade different tokens.
The Trade (Swap) feature has already been completed.
Farms
PheasantSwap’s Yield Farming feature enables users who provide liquidity to earn additional rewards in the form of PST tokens. By locking their LP tokens into a smart contract, users can earn higher returns than they would from simply holding their tokens in a wallet. This incentivizes users to contribute to the platform’s liquidity and helps ensure that there is always enough liquidity for users to swap between different tokens.
Currently, the farm feature is being implemented.
Liquidity
PheasantSwap allows users to add liquidity to the platform’s liquidity pools in exchange for liquidity provider (LP) tokens. These LP tokens earn users passive income in the form of trading fees. By providing liquidity to PheasantSwap’s DEX, users can benefit from its low gas fees and cross-chain capabilities while earning rewards for their contribution to the platform’s liquidity.
The liquidity feature is now live on PheasantSwap.
The official version of PheasantSwap is expected to come out within this month, once releases, the official version will overwrite the beta version. Users can now start to trade and provide liquidity without worrying any further withdrawal, because your assets/liquidity provided will be automatically migrated to the official version.
