Understanding Cashmere

Getting started with Cashmere isn’t easy, there is a lot to grasp and the superb UI can be a lot to take in. This small guide is intended for Cashmere beginners with an understanding of DeFi and Crypto. It tries to answer recurring questions about how to get started with Cashmere and how it works or makes money for liquidity providers.

What is Cashmere?

  • Cashmere can swap any asset to any chain without bridging asset.
  • Cashmere uses cross-chain interoperability messaging service.
  • The stablecoin liquidity pools in the Cashmere router are single-sided.
  • Cashmere is the unique application that has cross-chain stableswap and asset aggregator in one application at the same time.
  • Stableswap uses Cashmere's own liquidity directly and becomes a Layer1 & Layer2 solution.
  • On the other hand, the aggregator uses all DEX liquidity pools in all networks and offers the lowest slippage to the user.

What are liquidity pools?

Liquidity pools are pools of tokens that sit in smart contracts and can be exchanged or withdrawn at rates set by the parameters of the smart contract. Adding liquidity to a liquidity pool gives you the opportunity to earn trading fees and possibly rewards. For more information, visit the following section

What are those percentages next to each pool?

The first number in veAPR section, refers to the base CSM rewards, this reward will be distributed to all those who add liquidity. Further information is in the Liquidity Provider section.
The second number in veAPR section, refers to the boosted APR. This entitles liquidity providers to earn bonus CSM emissions by locking CSM tokens to voting escrow. More detail on these bonuses are in the Reward Gauges section.

What is the CSM token?

CSM token is a governance and utility token for Cashmere.

Can I use Cashmere between supported chains?

Yes. Cashmere has launched on several supported chains such as;
  • Ethereum
  • BNB Chain
  • Arbitrum
  • Avalanche
  • Polygon
  • Fantom

Where can I find Cashmere smart contracts?

The Github repository open sources the bulk of Cashmere development activity. Resp. will be private until full launch.