order-book/strong>/a>-based decentralized exchange (DEX) for Ethereum and Cosmos.<\/li>\r\n<li><strong>Carbon.<\/strong> A cross-chain protocol that allows users to bootstrap open financial markets for any asset type.<\/li>\r\n<li><strong>Zilswap. <\/strong>An on-chain DEX that runs on Zilliqa.<\/li>\r\n<li><strong>Zolar.<\/strong> A Zilliqa-based Play-to-Own <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-non-fungible-token-nft/">NFT/strong>/a> game.<\/li>\r\n<li><strong>The Bear Market.<\/strong> A collection of 10,000 NFT bears based on Zilliqa.<\/li>\r\n<li><strong>Switcheo Development Fund (SDF).<\/strong> A fund that allows new projects to get funding.<\/li>\r\n<\/ul>\r\n<h2>Use Cases of SWTH Tokens<\/h2>\r\n<p>SWTH is the driving force of the Carbon network, which is a <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-layer-2/">Layer 2<\/strong><\/a> protocol that powers cross-chain financial markets and infrastructures.<\/p>\r\n<p>The following are the main use cases of the Switchneo token:<\/p>\r\n<ul>\r\n<li><strong>Collateral.<\/strong> SWTH tokens can be utilized as <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-collateral/">collateral/strong>/a> to open Collateralized Debt Positions (CDP).<\/li>\r\n<li><strong>Staking.<\/strong> SWTH tokens can be staked to become a validator in the <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-proof-of-stake-pos/">Proof-of-Stake/strong>/a> consensus mechanism employed by the Carbon network. 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