SnowSwap is a platform that allows you to swap yield-farming tokens from top DeFi projects and maximize your APY by adding an additional layer of yield.

Its main goal is to provide yield farmers with an easier way to switch to the highest yielding token at any time, without incurring withdrawal fees and high gas costs associated with withdrawing, unwrapping, and depositing into other products. The APY offered by comparable yield earning vaults is constantly changing, but the cost of switching between vaults for the highest yield is often prohibitive. SnowSwap aims to solve this issue.

Currently, SnowSwap operates as a decentralized exchange (DEX) for yield farming tokens. It offers multiple liquidity pools for swapping between yield farming assets of similar value, including yield-bearing stablecoins (in partnership with platforms like yEarn, Curve, and Harvest) and different variants of wrapped tokens (such as yield-generating wrapped Ethereum and Bitcoin).

Users can easily swap tokens in any of these pools or earn SNOW governance tokens by providing liquidity and staking in the pools through liquidity mining. Typically, users can earn APYs ranging from 20% to 200%, depending on demand. Rudolph's Pool is often the highest-earning pool, occasionally offering APYs of over 100%.

In the future, SnowSwap plans to launch more features and products to simplify investing in DeFi.