Summary
Tethys is an advanced native decentralized exchange app on the Metis Andromeda network. Adopting TraderJoe growth model that includes lending and borrowing, also new and lucrative ways to stake, pool, and farm. Like many other Metis ecosystem projects, Tethys has been very active in partnering with OTHER Metis DeFi projects, thus multiplying the growth of all parties involved. Tethys joined Andromeda as a stealth launch, and had to prove itself as the second DEX to launch on the Metis Layer 2 network.Tethys believes that in the future, L2 solutions will help Ethereum with scaling. Our mission is to empower the Metis Andromeda network with a fast, secure, reliable, and advanced native decentralized exchange app to handle all kinds of trading needs.
Visit Website | See Audit | Docs
Features
Farm
Liquidity
Exchange
Stake
Governance
Brief look on how Tethys Exchange Mechanism works
Token Swap
Swapping ERC-20 tokens is the main concept in DeFi. This is the key functionality Tethys offers. Powered by the best-in-class layer 2 solution, you can experience fast, secure, reliable, cheap transactions via the user-friendly Tethys UI.
Fees
Tethys charges a 0.2% fee (lower by 30% than other Uniswap protocol-powered exchanges), 0.17% goes to liquidity providers while the other 0.03% goes to xTETHYS stakers.
Smart Routing
The exchange performs smart routing, which means it searches for the most profitable trade route for you. For example, you can trade METIS-TETHYS directly with the ratio of the METIS-TETHYS liquidity pair, or you can do a complicated route, let’s say METIS-USDC-TETHYS. In this case, the price will be determined by the METIS-USDC and USDC-TETHYS liquidity pools.
But you don’t have to worry about this as the exchange performs all the necessary checks for you to get the most sweet price, resulting in the most profitable output on its end.
Governance Token
$TETHYS is the main currency for hold, incentivize liquidity , stake and governance