Litepaper

Introduction to Spiderswap

Welcome to Spiderswap, where decentralized trading meets innovation, proudly providing a premier swap aggregator for all. Providing community empowerment and seamless token swapping service in a fast, efficient and user-friendly platform.

Vision

Our vision for Spiderswap is to build the best swap aggregator that enables all Web3 builders and users to swap fast, cheap and efficiently. All while giving back 70% of the fees to the community and community initiatives.

Value Proposition

Simple and Freedom of choice

Allow users to acquire any FT (Fungible Token) they wish without constraints or gates from centralized aggregators.

Reduce xMMs Tax Complexity

Implementing efficient routing we enable a tax distribution that doesn't impact the value the user should receive. Which will result in less threading and risk to MEVs.

Sandwich Attack Protection (MEV)

Our platform employs robust protection mechanisms. These measures maintain the integrity of transactions and significantly reduce potential MEV attacks. Fees

Fees

Spiderswap takes pride in its commitment to a transparent fee structure charging a mere 10 cents per transaction

Fee Breakdown

Buyback to be Added to Liquidity (20%)

20% of transaction fees are directed towards buybacks specifically designed to be added to liquidity. This strategic move enhances the liquidity pool, contributing to a more stable and resilient trading environment for Spiderswap users.

Buyback for LP Providers and Future LEs/Refuel integrations (19%)

20% of transaction fees are allocated to buyback initiatives. This fund is utilized to support Liquidity Providers (LPs) and facilitate future Liquidity Events (LEs), ensuring the robustness of Spiderswap's liquidity infrastructure and fostering continued growth.

Single Staking SPDR Pool (15%):

15% of transaction fees are directed towards the Single Staking SPDR Pool. This initiative providers opportunity for users to stake their SPDR tokens, contributing to the overall stability and growth of the Spiderswap ecosystem.

RPC / On-Chain Network / PID Costs / Refuel Operations (15%):

15% of fees to cover Remote Procedure Call (RPC), on chain network costs, Proportional-Integral-Derivative (PID) expenses, and refuel operations ensures the sustained operational integrity and efficiency of Spiderswap.

Off-Chain DevOps (15%):

15% of transaction fees to Off-Chain Development Operations ensures the continuous optimization and efficidency of Spiderswap's off-chain processes. This investment directly contributes to enhancing the overall performance and user experience.

Making us the Spider in the WEB (5%):

5% of fees are dedicated to positioning Spiderswap as a dominant force in the decentralized finance (DeFi) space. This funding supports marketing and outreach initiatives, helping Spiderswap gain visibility and recognition within the broader DeFi community.

Charity (10%):

10% will go to a charity which aligns with our beliefs and mission

Bug Bounty (1%)

1% bug bounty incentivizes users to actively contribute to the security of our platform by identifying and reporting any potential vulnerabilities or bugs. By offering rewards for these findings we prioritize the safety and integrity of our users.

WEBBED Staking (Locked)

As the web expands, so does our offering. Those who choose to weave themselves into the web will be generously rewarded by earning a share of the transaction fees collected on Spiderswap.

Webbed Staker benefits:

  • Multipliers, which are provided and determined based on the duration of time locked in.

  • You have the option to select either a 4x or 10x multiplier, with each multiplier representing a weighted amount of the basic Staking rewards.

  • The 4x multiplier is time-locked for 6 months, while the 10x multiplier is time-locked for 12 months.

  • Additionally, those who stake for 12 months will earn tokens from our partners

The distribution amounts will be determined by the quantity of SPDR you are staking. With basic staking, you will receive a portion of the fees, but without any multiplier.

Spiderswap Journey Layout

Phase 1: Inception and Token Creation (Completed)

The journey of Spiderswap commenced with a challenge among friends — the creation of a token in record time. The initial objective was achieved, leading to the birth of the Spiderswap token ($SPDR). The focus shifted from a mere token creation challenge to a broader vision of community-driven innovation.

Phase 2: Silent Beginnings and Strategic Milestones (Ongoing)

Anatoly Yakovenko received 50% of the initial token supply, liquidity creation, LP token burns, and strategic deployments form the foundation, shaping the platform's structure for future endeavors. The stage is set for a silent but impactful journey.

Phase 3: Community Empowerment and Web Strengthening (Upcoming)

Community Backers / Community Reach / Single Staking / Locks

Phase 4: Spiderswap Swap Launch (Upcoming)

The Spiderswap Swap launch in distinct phases:

  • Staking and community backer statuses unveiled.

  • Informatics and allocation details revealed.

  • Swap opens for community backers, marking a pivotal moment in Spiderswap's journey.

  • Spiderswap Swap opens to the public, offering a decentralized trading platform driven by community involvement.

Phase 5: Governance Framework and Fee Mechanism (Future Development)

Vote over charity and certain buybacks elements.

Phase 6: Continuous Evolution and Innovation (Ongoing)

Beyond the initial phases, Spiderswap commits to continuous growth, innovation, and adaptability. The platform will introduce upgrades, new features, and respond to the evolving needs of the decentralized finance landscape. Governance committees, proposal submissions, and protocol upgrades will become integral elements of Spiderswap's community-led evolution.

Embark on this transformative journey with Spiderswap, where each phase represents a thread in the intricate web of decentralized finance. Together, the community and the Spiderswap team weave a future that is decentralized, community-driven, and at the forefront of innovation in the rapidly evolving landscape of blockchain technology.

Community-Led Evolution:

The introduction of $SPDR as a governance token symbolizes Spiderswap's dedication to decentralization and community-driven governance. It transforms $SPDR from a utility token to a tool for active participation and decision-making, aligning the interests of the community with the platform's strategic direction.

As we progress, the Spiderswap community becomes the driving force behind innovation and governance, ensuring that the platform remains agile, secure, and aligned with the collective vision of its diverse user base. Together, $SPDR holders will shape the future of Spiderswap, embodying the principles of decentralized governance and fostering a community-led evolution of decentralized finance.

Last updated