Snowflake Exchange

The Snowflake Exchange protocol is a next-gen single-side AMM (decentralized exchange) designed for exchanging stable cryptocurrencies (USDT, USDC, DAI, MAI) on the Polygon blockchain.

The protocol is implemented as a set of smart contracts; designed to prioritize censorship resistance, security, self-custody, and maximum capital efficiency.

Snowflake features single-token provision, eliminating impermanent loss risk for liquidity providers, and ultra-low slippage for traders.

SNOW can be staked to generate veSNOW. veSNOW is neither transferable nor tradable due to the design of the smart contract, i.e. they are locked in the private wallet of the user.

1 staked SNOW generate 0.014 veSNOW every hour. The maximum veSNOW held from a deposit is 100 times the SNOW staked. In other words, it takes about 10 months to reach the veSNOW cap. You can always stake more SNOW to earn more veSNOW. You can withdraw your staked SNOW any time. However, your accumulated veSNOW will drop to 0 as soon as you unstake any amount.

veSNOW can boost liquidity mining APR* at the moment.