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 is the native token of Snowflake Exchange. $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.
