Gm y’all, it’s been non-stop shipping season and we realized we haven’t even introduced ourselves!
We’re Proxyswap- a protocol facilitating P2P market making & swapping of ERC-20 tokens on the Degen L3 blockchain 🔄
But we’re more than just a protocol.
Stoked to announce that we've received 2M DEGEN in grants from Jacek and @degentokenbase ! 🎩️️️️️️⚡️️️️️️️
We've been bullish & DEGEN aligned since Day 1 and will continue to be committed to this ecosystem for the long term 🤝
We're excited to partner with the @thebrainstormhq team as our official communications partner🤝🏽
@AhaanRaizada & @sumedha2199 are a core part of @callusFBI & will be bringing their expertise to help ProxySwap manage its social presence and grow the community!
GM y'all - DO NOT fade this alpha packed AMA on X 🔥
@jacek, @proxystudio.eth & @saxenasaheb.eth are dropping alpha bombs on what they've been shipping on Farcaster 💣:
- Boostrapping an ecosystem with DEGEN 💲
- Scaling L3s 📈
- Building communities & products at light speed ⚡
You 🫵
Yes you, reading this post.
You're early.
@farcaster_xyz's $150M raise is wild- but we're going higher 🚀
We won't stop till everyone comes onchain! 🌎
We're starting the /wearesoearly campaign in partnership with @decentxyz to show y'all how to get onto on Degen L3 👓
ProxySwap is now live on Ham Chain ! 🍖 ⛓️
Please note: we are testing a protocol fee on the $TN100x/$WETH 1% pool.
Basis this test, we'll put up a proposal to the DAO to turn on protocol fees on other pools.
Current fees for this pool are 0.6875% (LPs) 0.3125% (protocol).
We're finally excited to announce that the /wearesoearly campaign in collaboration with @decentxyz has ended!
Thank you to all those that participated.
As promised, we have been airdropped a custom ProxySwap x @decentxyz NFT to you guys!
We are live with our liquidity incentives on @Rivera_Money_ vaults!
There are 2 active vaults:
1. $PROXY/$WDEGEN
2. $DEGEN/$WETH
Stake your tokens, earn boosted $DEGEN & $PROXY rewards for the next 14 days 📈
Link to the vaults: app.rivera.money/#/earn/dege…
Thanks for the shoutout! @degentokenbase
Our APRs are boosted and are currently upward of 200% for:
1. $PROXY/$WDEGEN
2. $DEGEN/$WETH
Our incentives are live and will be ongoing for the next 14 days!
Access the vaults here: app.rivera.money/#/discover/…
Rivera has created vaults on Degen L3. Earn yield by parking your $DEGEN, adding liquidity to specific token pairs. Be cautious of price risks. Support liquidity for exciting projects like @proxy_swap!
app.rivera.money/#/discover/…
Happy 4th of July to everyone that celebrates! 🇺🇸
How are y'all spending time today?
Team ProxySwap will be busy cooking:
1. BBQs - Some @HamOnWarpcast for sure 🍖
2. Product features for our upcoming Social DEX 👀
Stoked to join forces with team @Rivera_Money_ led by @akshay__sinha 🤝
For our community, this means you guys can now easily add liquidity to ProxySwap pairs with Rivera vaults and benefit from their active management of your concentrated liquidity positions ✅
We are making fresh cooks at @proxy_swap 🍳
The team has shipped new updates:
→ Our front-end is updated ✅
→ Subgraphs integrated for improved performance 📈→ Multiple bug fixes 🐞
→ New feature: easily distribute tokens & claim airdrops 🪂
Next up, token launchpad 🚀
With @DacoitDesign The goal is to experiment as much as we can with innovating in web3, We had defi, we had social.
Now we have Socialfi, But how does that look visually, how does that whole new category can be visualised ?
We will find out once I am done with this project.
The winner for dApp of the month is AlfaFrens! We'll be adding AlfaFrens as the featured dApp on the Degen homepage on Monday. Additionally, @jacek0x will be engaging in @alfafrens_ chats as well. Thanks to the Degen community for voting!
We continue to closely monitor the situation with Degen Layer3.
Our team is in the process of conducting an investigation of lost user funds during this downtime.
Here is an official statement of facts from:
We’re closely monitoring reports of user issues related to Degen Layer3
@tempetechie.eth (on Farcaster) created a guide to fix failed transactions related to nonce ordering
We put together this thread based on the guide 👇
GM everyone!
We are live with ProxySwap v2.1! Here's whats fresh:
1. Token launchpad is now live - create & airdrop tokens, with the following features:
🔹 Single-Sided Liquidity: at token launch, you can provide liquidity with even a singular token - no pairs needed.
We’re:
→ A DAO - Proxyswap DAO governs the Proxyswap Protocol, enabled by the $PROXY token 🏛️
→ A community of believers driven to bring everyone onchain 🤝🏼
→ A movement for, and by Degens 🎩
@farcaster_xyz 's 1st Social DEX is coming 🔜
Shoutout to the community - its your support & excitement that’s making this happen 💙
Onchain trading is getting an upgrade 📈
→ More social
→ More fun
→ Customised to each user
→ And much more 🍳
Stay tuned 👀
We’re still so early so thank you to each and everyone of you old & new for being part of our journey 🫂
Lot’s cooking in the pipeline y’all- stay tuned!
P.S A surprise bonus for the 1st one to drop the NFT art in the comments 👀
Note: In case you can't view your NFT, please follow the steps below (for MetaMask only) to view your NFT.
🔹 Generating Fees: As trades occur in the pool where your liquidity is provided, fees are generated.
🔹 Claiming Fees: Even though the actual liquidity is locked and cannot be withdrawn, you can still claim the trading fees accrued during the lock period.
While your LP NFT is locked, any trading fees generated from the liquidity you have provided can be claimed. This means:
🔹 Locking the LP NFT: You lock your LP NFT using the LP locker service on Proxyswap, meaning your liquidity position cannot be withdrawn for a certain time.
2. LP locker: lock any LP NFT on Proxyswap, claim fees on locked positions
🔹 When you lock an LP NFT on Proxyswap, it means that you're using Proxyswap's LP locker service to lock your NFT, which represents your liquidity position.
We've developed this mechanism to help projects build trust by ensuring liquidity is available for trading while still rewarding liquidity providers for their contributions.
🔹 Locked Liquidity: the liquidity you provide will be locked and cannot be withdrawn for a set period (so no sudden rug-pulls).
🔹 Trading Fees: While your liquidity is locked, any fees generated from trades in the pool will be available for you to claim.