Deswap's governance token is DAW and its core has been developed to facilitate both team and communal control.
To establish a proposal, a proposer will need 500,000 DAW, and the proposal must be accepted by a quorum of at least 1,000,000 DAW.
The Deswap Tri token ecosystem
Governance Token
Synthetic Stable Coin
To begin, the Deswap Protocol(DAW) will allow users to mint YAI (YAI), a synthetic stablecoin pegged to the price of $1 USD, by using the yTokens from the underlying collateral already submitted to the protocol.
Users may borrow up to 50% of the remaining collateral value in their yTokens to mint YAI.Stablecoins on the Deswap Protocol can be created synthetically and added as a proposal through Governance. The protocol's default stablecoin will be YAI, which can be created using collateral previously committed in Deswap..
Rewards Tokens
We are also having rewards token newly added here. It's DWAP. DWAP is just an additional rewards token apart from DAW and YAI
Features of Deswap platform and DAW Token
Constant Growth In Value DAW Token
Expanding the audience and releasing new products leads new users and increases trust, which leads to increased demand for a token.
Security
The Polygon chain(s) operators are themselves Stakers and Delegates in a Proof-of-Stake system in the Matic Network.
Highest Speed In DEFI
Our Network is capable of doing 80k transactions per second.
Instant Liquidity
Borrow the Crypto on DEMAND which has access to instant liquidity.
Lowest Gas Fee
Deswap has the lowest gas fee among other Lending major players in the market.
Scalability
Scalability is achieved through the use of a decentralised Plasma operator method that achieves finality on a polygon chain.