Liquidswap (LSD) is a decentralized exchange (DEX) on the Aptos blockchain. It enables safe and decentralized token swaps using smart contracts written in the Move language. Liquidswap supports both stable swaps for correlated assets (like stablecoins) and uncorrelated swaps for other tokens.
The LSD token is used for governance of the Liquidswap protocol. This includes setting protocol parameters, managing the community treasury, and directing future developments. You can also stake LSD tokens for rewards.
LSD tokens can be staked in a voting escrow (veLSD) system, where users lock their tokens for a period to gain voting power and earn rewards. The longer the lock-up, the greater the benefits. Fees collected from the protocol are shared with veLSD holders, incentivizing long-term participation and engagement in the platform’s governance.
Liquidswap offers various ways to earn, including staking, providing liquidity in pools, and farming with Liquidity Provider (LP) tokens. These methods allow users to earn rewards by participating in the exchange's ecosystem.
Liquidswap (LSD) is the 28th project on KuCoin Spotlight.
