10 August 2023

Generative Art Platform Fxhash Secures $5M in Seed Funding Round Led by 1kx

The Seed Round Fxhash, the groundbreaking generative art platform and marketplace, has successfully closed an oversubscribed $5 million seed fundraising round. Spearheading this investment initiative was 1kx, an early-stage crypto-focused venture capital firm renowned for its strategic ecosystem growth investments. Founded in 2021, Fxhash has emerged as the...

Unveiling SpicySwap: Tezos’ Next-Gen DEX

Developed by Genius Contracts, SpicySwap offers users a seamless and efficient trading experience while introducing novel features to the Tezos ecosystem.

Disclaimer

Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.

Read our full disclaimer here.

Article Credits

We thank Tozart for this article.

In the ever-evolving landscape of decentralised finance (DeFi), the emergence of innovative platforms continues to reshape how we interact with digital assets. Among these pioneers stands SpicySwap, a cutting-edge decentralised exchange (DEX) tailored specifically for token-to-token swaps on the Tezos blockchain. Developed by Genius Contracts, SpicySwap offers users a seamless and efficient trading experience while introducing novel features to the Tezos ecosystem.

Empowering Users through SalsaDAO Governance

At the heart of SpicySwap lies SalsaDAO ($sDAO), the governance entity responsible for overseeing the platform’s operations and the broader suite of Genius Contracts products. Drawing inspiration from the renowned Uniswap, SpicySwap inherits the best practices of its predecessors while catering to the unique attributes of Tezos.

Navigating the SpicySwap Experience

For those venturing into the world of SpicySwap, the journey begins with the fundamental process of swapping tokens. Through the user-friendly interface, participants can effortlessly exchange one digital currency for another. By simply selecting the desired tokens and specifying the transaction amount, users can execute trades with ease, all while benefiting from the intuitive design of the platform.

Understanding Slippage: Safeguarding Your Trades

In the realm of decentralised exchanges, volatility is an ever-present reality. SpicySwap mitigates this risk through its slippage mechanism, allowing users to set limits on price fluctuations to safeguard their trades. Whether opting for high or low slippage settings, participants can tailor their trading strategy to suit their risk appetite and market conditions.

Unlocking the Power of Contract Calls

While most users interact with SpicySwap through its intuitive interface, advanced traders have the option to delve deeper into the protocol’s inner workings. By directly calling the core pool contracts, experienced individuals can harness the full potential of SpicySwap, enabling a myriad of possibilities such as automated trading strategies and cross-DEX arbitrage.

Liquidity Management Made Simple

Central to SpicySwap’s functionality is its liquidity pools, which facilitate seamless token swaps while providing opportunities for users to earn rewards. Whether adding or removing liquidity, participants can effortlessly navigate the process through the platform’s intuitive interface, empowering them to actively contribute to the liquidity ecosystem.

Spice Farms: Cultivating Yield

A highlight of the SpicySwap experience is its Spice Farming feature, which incentivizes liquidity provision and rewards protocol supporters. By staking $SPI/WTZ LP tokens, users can participate in Spice Farms and earn a share of the trading fees generated on the platform. With a diverse array of farming strategies available, participants can tailor their approach to maximize returns and capitalize on market opportunities.

Integrating with SpicySwap: Pioneering the Future of DeFi

Looking ahead, SpicySwap paves the way for seamless integrations at multiple levels, from contract-level interactions to interface enhancements. With plans for SDK releases and interface-level integrations, SpicySwap aims to foster a vibrant ecosystem of decentralized applications and projects, further enriching the Tezos DeFi landscape.

Embracing the Spicy Revolution

As the DeFi ecosystem continues to evolve, platforms like SpicySwap represent the vanguard of innovation, offering users unparalleled access to decentralized financial services. With its user-centric design, robust governance framework, and innovative features, SpicySwap stands poised to redefine the future of decentralized trading on the Tezos blockchain. Whether you’re a novice trader or seasoned DeFi enthusiast, SpicySwap invites you to join the spicy revolution and experience the future of decentralized finance.

DeFi

View More

Unveiling SpicySwap: Tezos’ Next-Gen DEX

Developed by Genius Contracts, SpicySwap offers users a seamless and efficient trading experience while introducing novel features to the Tezos ecosystem.

Read More

Unveiling tzBTC 2.0: A New Era for Wrapped Bitcoin on Tezos

tzBTC 2.0 will be unveiled for the Tezos blockchain by the end of April 2024. Building upon the success of its predecessor, tzBTC 2.0 offers enhanced accessibility and cost-effectiveness ushering in a new era for the intersection of Bitcoin and Tezos.

Read More

TezFin Launches Full Production Version With The Aim To Sustainably Scale Tezos DeFi

TezFin has officially moved from its beta stage to launch its full production version, initiating a new era in the Tezos blockchain’s decentralized finance (DeFi) lending sector. The announcement was made through TezFin’s official Twitter handle, @TezosFinance.

Read More

Disclaimer

Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.

Read our full disclaimer here.

Upload Article

Complete the submission form, which includes fields for your name, contact information, a short author bio, and the title of your article. Submit your Word document as a word doc file. If you encounter any issues during the submission process, please contact our support team for assistance at [email protected]. We encourage all aspiring contributors to read and understand our submission guidelines and editorial policy before submitting.

Hidden
Hidden
Accepted file types: jpg, jpeg, png, Max. file size: 128 MB.
Banner Image
Accepted file types: jpg, jpeg, png, Max. file size: 128 MB.
Image
Accepted file types: jpg, jpeg, png, Max. file size: 128 MB.
Image
Accepted file types: pdf, doc, docx, Max. file size: 128 MB.
Submit Article: Suitable Formats = PDF, WORD
By Uploading an article, you are accepting all to all copyright and information that is to the best of your knowledge true and accurate.
Agree(Required)

Other News

View More

When Art and Blockchain intersect: What If Women Ruled the World? At World-Renowned Artist’s Judy Chicago’s Exhibition at Serpentine, powered by Tezos Blockchain

Judy Chicago’s latest major show, Revelations, opens at Serpentine North in London on May 23. Presented within Revelations is the visionary project “What If Women Ruled the World?” a participatory endeavor, first debuted in 2022, which empowers individuals worldwide to contribute to a collective vision of societal change.

Read More

Degenerator Aims to Bring Memecoin Supercycle to Tezos via Etherlink

Degenerator.wtf aims to revolutionize the memecoin market on Tezos by making memecoin creation accessible and secure. Using Etherlink, Tezos’s first EVM-compatible rollup, Degenerator.wtf offers a user-friendly platform for generating and trading memecoins, featuring customizable token creation and a sustainable ecosystem. This initiative enhances Tezos’ role in the evolving attention economy.

Read More

Unveiling tzBTC 2.0: A New Era for Wrapped Bitcoin on Tezos

tzBTC 2.0 will be unveiled for the Tezos blockchain by the end of April 2024. Building upon the success of its predecessor, tzBTC 2.0 offers enhanced accessibility and cost-effectiveness ushering in a new era for the intersection of Bitcoin and Tezos.

Read More