According to the project, Smoothy is a novel solution on BNB Chain for swapping assets that are effectiverly backed by the same underlying assets (e.g., stablecoins) with a single pool, comprising a set of interoperable protocol smart contracts deployed on the Ethereum-compatible blockchains, and offers:
- Low gas fee
- Flexibility to add/remove any tokens that backed by the same asset into the pool
- Better liquidity/lower slippage
- Better LP token incentives
The native digital cryptographically-secured utility token, Smoothy (SMTY), is a non-refundable functional utility token which will be used as the economic incentives which will be distributed to encourage users to contribute and maintain the ecosystem on Smoothy, thereby creating a win-win system where every participant is fairly compensated for its efforts. Given that additional SMTY will be awarded to a user based only on its actual usage, activity and contribution on Smoothy, users of Smoothy and/or holders of SMTY which did not actively participate will not receive any SMTY incentives.