Telos Launches New DeFi Platform TSwaps
Telos this week announced the launch of TSwaps, its new full-featured DeFi platform. The TSwaps platform allows for direct swaps of both Telos tokens and low-slippage USD stablecoins, and includes yield farming liquidity pools, transaction mining rewards and a cross-chain token bridge between Telos and EOS with the Telos to Bitcoin and Ethereum bridges to be integrated soon.
The TSwaps platform has a simple swap interface to allow for the creation of liquidity pools to exchange between a number of Telos-based tokens against one another, plus pegged versions of BTC, ETH, EOS, and USD. Users will be shown an estimated result and amount of slippage for the conversion before this swap is executed. TSwaps users will also receive transaction mining rewards with each transaction in the form of SWAP tokens. Reward tokens are issued based on the TLOS value of the transaction.