What is the Carbon Protocol? Carbon Protocol (SWTH) is a decentralized trading platform for options, bonds and futures. In this article, you can find answers to questions that investors wonder, such as what is the Carbon Protocol, what it offers, what is SWTH coin, what is it for, how to get it. cryptocoin.com we have prepared for you. Let’s explore this decentralized, multi-chain layer-2 trading platform together.
What is the Carbon Protocol?
Carbon Protocol, released by Switcheo Labs, is a layer-2 network. Accordingly, the network is a sidechain built on top of the Tendermint mainnet. This chain basically works in a multi-chain fashion. It also allows users to trade assets without sacrificing decentralization. The platform enables the trading of advanced trading instruments such as options, futures and bonds.
Carbon Protocol has a number of advanced features as it is a layer-2 chain. For example, it allows for faster transactions and lower fees. It also enables the support of advanced financial instruments, advanced order types and cross-chain communication. The network uses Tendermint’s Delegated Proof-of-Stake consensus mechanism. In this way, it supports investment types such as staking. Currently, the network aims to be the main solution for decentralized finance (DeFi) and asset trading.
What does the Carbon Protocol offer?
Carbon Protocol works extremely fast. While the platform has a block time of 1 second, it can process up to 10,000 transactions per second. However, it operates with extremely low gas fees compared to layer-1 networks. By doing this, it provides a better experience to its users. Besides speed and low fees, Carbon makes it possible to transact in a multi-chain manner. The platform currently supports Ethereum, Neo, BNB Chain and Zilliqa. It is also integrated with all networks included in Cosmos’ IBC protocol.
In addition, Carbon Protocol supports a variety of DeFi products. Users can take advantage of Carbon’s public liquidity pools. These liquidity banks also support various Automated Market Maker (AMM) algorithms. Pools offer users efficient liquidity and maximum profit thanks to AMM. Liquidity providers that contribute to the network earn from transaction fees and block rewards. In this way, it is possible to earn passive income.
What is SWTH? What does it do?
SWTH coin is the native cryptocurrency of the Carbon Protocol platform. The main task of this cryptocurrency is to maintain the decentralization of the platform. Accordingly, SWTH coin holders have the advantage of participating in the management of the network. This administration includes submitting proposals to the community and voting on submitted proposals. In addition to governance, SWTH can be staked. In other words, users can earn passive income by locking their tokens into smart contracts. Transaction fees paid on the network, rewards earned, and cross-chain trading are also provided by SWTH.
What is the Carbon Protocol? How to take SWTH?
Carbon Protocol is currently traded on a number of cryptocurrency exchanges. Gate.io, LATOKEN, Uniswap and PancakeSwap stand out among the exchanges that list SWTH coin. Investors must become a member of one of these exchanges and deposit an asset in the wallet they have created that is suitable for SWTH parities. After that, they can complete the purchase by placing a purchase order for the token.
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