San Jose, California, Sept. 9, 2021Meter is launching a front-running resistant layer-two decentralized exchange, VoltSwap, at 8:00 pm PST on Sept. 9. With the help of Meter’s infrastructure, VoltSwap introduced several unique features that are not yet available on current first or second-layer swap solutions.

VoltSwap not only allows for lightning-fast transactions with low gas fees but is also fully decentralized and front-running resistant. Trading bots will not be able to easily take advantage of retail traders by intercepting and inserting orders ahead of others.

Since Meter Passport connects to multiple blockchains starting with the Binance Smart Chain, Ethereum and Moonriver, VoltSwap provides the capability for swapping assets from different chains to facilitate cross-chain arbitrage and onboarding exchange decentralized finance chains without Know Your Customer restrictions.

VoltSwap is a community-driven project and the first DEX on the Meter blockchain. The platform will also feature a governance token, VOLT. Users will be able to earn VOLT as a liquidity mining reward starting from Sept. 9, which will provide them voting rights. Token holders would be able to submit and vote on proposals for new listings, changing parameters of the liquidity mining programs, the use of the community treasury, as well as other key decisions about the project.

To provide the best security and highest yield in DeFi yield farming, VoltSwap created a nonfungible token contract-based smart wallet for each user, where they can subscribe to as many liquidity mining programs as they want without the tokens ever leaving their wallets. Meter believes this smart wallet design will eliminate the risk for the users while yield farming on VoltSwap.

The platform will also feature a unique liquidity mining design to encourage long-term token utility and community engagement. As such, the user who stakes liquidity tokens for more than 70 days could potentially earn 10 times the rewards than those who only stake for a short period of time. More information about the liquidity mining design can be found in VoltSwap’s lite paper.

For more information about VoltSwap and Meter, please visit the official website.

A tutorial for the upcoming VoltSwap liquidity mining is available here.

About Meter

Meter is a high-performance infrastructure that allows smart contracts to scale and travel across different blockchains. Meter’s mainnet features HotStuff consensus and is secured by more than 110 validators (scalable to thousands) from the community. It is one of the most decentralized and highest-performance Ethereum sidechains.

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VoltSwap lite paper:


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