About

ValleySwap is a decentralized exchange (DEX) that launched on the Oasis Emerald paratime mainnet, the EVM on Oasis Network, in February 2022. It includes features like swap (trade tokens, with EVODeFi bridge to bring tokens from other chains on Oasis mainnet), liquidity providing (add liquidity to receive LP tokens), yield farming (stake LP tokens to farm VS tokens), and IFO, or Initial Farm Offering, a launchpad for other Oasis projects to raise capital by participating in pre-sales events. ValleySwap follows a non-custodial, peer-to-peer, automated-market-maker (AMM) model. Transactions are paid in ROSE tokens, the native token of Oasis Network.

History

The team aims at making the protocol the main DEX and launchpad on Oasis Network. On April 19th, 2022, VallySwap surpassed $200 million TVL, thus representing over 80% of the almost $260 million TVL on Oasis Network. By comparison YuzuSwap, the second major DEX and project on Oasis had managed to surpass $100 million TVL in its first week, but at the time of writing had dropped to just above $25 million TVL.

On March 24th, 2022, Vision Fi became the first project to launch on the ValleySwap launchpad, followed by a second project, Gamery, on April 2nd.

Future plans for ValleySwap include listing their native VS token at the major centralized exchanges (CEXs), further VS tokens burns and increased marketing exposure.