panicswap logo download PNG or SVG

Information about panicswap

PanicSwap is a protocol on the Fantom Network that operates as an Automatic Market Maker (AMM). It is built on the audited Solidly code-base from Andre Cronje. In addition to supporting stable and non-stable pairs, PanicSwap also allows for multi-hop swaps, even those that involve a mix of stable and non-stable pairs. The protocol has a user-friendly contract interface. It incorporates innovative features such as incentivizing liquidity pairs with Yearn Finance's Y-Tokens, which enable users to earn yield on their tokens in liquidity pairs and receive $PANIC rewards for providing liquidity. The earned $PANIC is locked up for 2 years but can be instantly claimed for a 50% fee on the rewards. PanicSwap also introduces a variable fee structure, similar to Uniswap, where different liquidity pairs have different swap fees. Holders of $PANIC have the option to stake their tokens without any lockup period and earn protocol fees, or choose to lock their tokens for 2 years to earn the mentioned fees along with early exit fees paid by farmers who opt for early token receipt.

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