Motive for development
We first identified the overall token exchange market size of the Klaytn Network. It's already a big market with over $6 billion per month. However, token types and liquidity of all DEXs are fragmented.
So, Swapscanner aims to unify the liquidity of all DEXs and provide users with an optimal token exchange price.
For some services in the Klaytn ecosystem, the operating entity can arbitrarily manipulate the contract. We improved transparency by making the contract impossible to tamper with by anyone, including the operating entity.
We have completed a code security audit through Haechi Labs.
70% of the swap fee is used for buyback, protecting the value of the SCNR token.
Due to the Klaytn GC node policy, the existing staking service requires a 7-day lockup period for unstaking, causing inconvenience to many investors. In addition, the Gini coefficient was applied in the Klaytn hard fork in Q2 of '23, and the rates of KLAY single staking services became the same. Therefore, reliability has become a significant factor in choosing a staking service.
Swapscanner has launched the official KLAY single staking service based on the trust we have built up over the years. We offer investors two ways to hedge the 7-day lockup period using our proprietary method. Furthermore, Navigator, an aggregator engine that finds optimal token swap paths, has been applied to the staking service. It is a next-generation staking service that allows holders to earn additional revenue when unstaking.
Before Swapscanner, no chart service showed the proper token price within the Klaytn ecosystem.
Swapscanner provides the pro chart function necessary for the growth of the Klaytn network. We provide accurate data by deriving the median price considering the LP of all DEXs.
A wallet that supports Klaytn has various inconveniences. Also, it is not possible to invest in all Klaytn Defi on one platform yet. Swapscanner provides the same usability for all wallets through the wallet function. Finally, we will update all the defi investments to be made in the swap scanner.