Cherry Swap

🍒 Interest Rate Swaps with a Cherry on Top 🍒
🚀 ETHBerlinZwei winner

[Cherry Swap @cherry_swap]

Cherryswap V2: Double bonding curve liquidity pool as an automatic swap market maker https://t.co/BNm6qiIvws

[Department of Decentralization @dod_berlin]

Happy to announce that we finally assumed that we do a great job and we deserve some recognition. Thank you @notscottmoore for encouraging us to post this @gitcoin grant. The funds will help us fund research, art, hackathons, online conferences and others https://t.co/3jvLsAi4dI

[Crypto Briefing @Crypto_Briefing]

An automated market maker for interest rate swaps, @cherry_swap, is an early insight into how #DeFi could absorb traditional finance.

https://t.co/OMTDHNT0TZ

[Cherry Swap @cherry_swap]

@StaniKulechov @AaveAave The trader choose the duration of the swap.

[Cherry Swap @cherry_swap]

Cherryswap V2: Double bonding curve liquidity pool as an automatic swap market maker https://t.co/BNm6qiIvws

[RYAN SΞAN ADAMS - rsa.eth 🦄 @RyanSAdams]

DeFi is getting way smarter about liquidity pools

We're now creating mechanisms to incent it

Uniswap was an early glimpse

When we figure this out 🚀

Oh, and guess what all these liquidity pools run on?

The economic bandwidth of ETH

[Cherry Swap @cherry_swap]

#CherryDai token can be redeemed for the underlying + interest + fees. Therefore, this results in the highest yielding token on the market, assuming there is not a massive rate change in the underlying money market.

[Cherry Swap @cherry_swap]

The creation of CherryDai introduces a new asset class that will in theory yield higher than the current cDai token. This means that end users will buy the CherryDai token looking for high returns. This supports the provision of swaps by adding more liquidity.

[Cherry Swap @cherry_swap]

@onggunhao @econoar @ETHBerlin @BinanceX @tzhen @HS10010110 The Binance grant enabled us to continue working on cherry swap. Things have progressed a bit more slowly after the launch of the DSR but we are also close to launching our new version. Our next implementation is based on an automatic market maker design for interest rate swaps.

[There.Is.Now.Alternative⚡🤖 @tzhen]

Interest in interest?

LSDai meets Opium (protocol), CherrySwap, and an unnamed RFQ platform on 1st DeFi IRS alliance call. 4 teams with 3 approaches dialing in from Amsterdam, Estonia, South Africa, China, Tunisia...
@rleshner @hayesgm @BAfterparty @tomhschmidt @hal2001

[Cherry Swap @cherry_swap]

@Muhd_Amrullah Soon😉

[Cherry Swap @cherry_swap]

We’ve been hard at work refining and validating the model we built at EthBerlin. Here is a sneak preview for some of the back testing and simulations we’ve been working on 🧪🔬👩‍🔬.

[Cherry Swap @cherry_swap]

We are currently continuing to validate our model and are engaging with financial mathematics experts to validate our assumptions and ensure that our model works as expected. We are implementing CherrySwap smart contracts V2 will have a version out on a test net near you soon 🚀!

[Cherry Swap @cherry_swap]

The ultimate goal of is to provide a tokenized version of the interest rate swap. By simply buying and holding the token you can get a guaranteed return on your investment. This should be as simple as holding cDai but with a fixed rate over a defined duration.

[Cherry Swap @cherry_swap]

@puntium @mediodelphi @UniswapExchange @Bancor @KyberNetwork @synthetix @UMAprotocol @MakerDAO @MARKETProtocol @compoundfinance @dydxprotocol @InstaDApp @getLinenApp @Dharma_HQ @staked_us @SetProtocol 🙌✌️