ViralataSwap is the first Brazil centric automated market maker (AMM) — a decentralized finance (DeFi) application that allows users to exchange tokens, providing liquidity via farming and earning fees in return. AURO is the utility token of ViralataSwap and the Viralata Finance Ecosystem.
Launched in August 2021 as a fork of SushiSwap, ViralataSwap is the next step of the Viralata Finance Ecosystem. The objective is to allow Brazilians to feel more comfortable with DeFi through offering a "native" product.
Who Are the Founders of ViralataSwap?
ViralataSwap is a product by Viralata Finance, a group of anonymous developers and volunteers with a desire to spread the word of crypto to developing countries, allowing their populations to pursue financial freedom via democratizing technologies such as the blockchain.
Viralata Finance are committed to providing guidance and support to the Brazilian developers, businesses, and ultimately people adopting crypto and DeFi.
What Makes ViralataSwap Unique?
ViralataSwap is the first Brazilian automated market maker, meaning there are no order books, but liquidity pools instead. A user can earn income by providing liquidity and farming LP tokens.
The token that powers ViralataSwap, AURO, is a BEP20 token. The main function of AURO is to facilitate the adoption of crypto by real life merchants in Brazil, providing low fees and less bureaucracy than fiat money. AURO aims to be the bridge between projects within the Viralata Finance Ecosystem.
Users can stake their AURO and LP tokens to earn rewards, by depositing the tokens and locking them up. This process is called farming, and it rewards users with AURO tokens. The tokens can be un-staked at any time by the user. Farming allows users to invest and increase their returns in the future, but it's not a process without risks.