Ashswap, the first Stable Swap Dex, starts in the multiple sex Mainnet
Ashswap, the first Stable Swap Dex, starts in the multiple sex Mainnet
Ashswap, the first stable-swap-dex on the Multiversx-Blockchain (formerly Elrond Network) will be officially in Multiversx started. The DEX will bridge critical defi functions seamlessly and offer narrower spreads with a fraction of the liquidity on multiversx.
In November 2021, Ashswap successfully collected $ 2.5 million in a private sale led by Elrond. Ash-token's offering on Maiar Launchpad was sold out with 70,000,000 ASH (7 % of the total offer) worth $ 2.8 million. Ashswap has published all of its core functions that have been available on Multiversx Devnet since October 2022.
After more than a year of strict tests and development, Ashswap will go live with the following functions in the Mainnet:
- Pool V1 (Stable Swap)
- pool v2 (not stable swap)
- Liquidity provision
- Liquidity line (agriculture)
- governance staking
- earnings increase
On and after the start date, Ashswap will open three pools:
- USDC/UDST/BUSD (Stable Swap)
- Ash/USDT (V2)
- EGLD/BUSD (V2)
Ashswap starts with liquidity provision , a function that enables users to add liquidity in three available pools and to receive LP token as a receipt. There will also be the opportunity to take part in the Yield Farming. LPs can use LP tokens to earn Ash-token as farming rewards. The DAO decides on the distribution to the companies.
by integrating ash Governance-staking Voting (Voting Escrow Ash) and unlock several advantages. There will also be emissions vote , which gives Veash owners the governance control via ASH emissions for every pool. The more votes a pool receives, the more Ash premiums are allocated. Therefore, the effective annual interest rate for this specific pool will be higher, which attracts more liquidity.
Another core feature: capture , everyone is allowed to bribe Veash owners so that they vote for their farms. If, for example, the owner of a project with token aaa wants to increase the liquidity of the Pools AAA/USDT on ASHSWAP, he can provide incentives, so-called bribes, to encourage more Veash holders to vote for their pool.
Ashswap is characterized by the fact that it is the first stable swap-dex on multiversx. In each blockchain ecosystem, stable coins usually have a profound influence on the Yield Farming and the rental/loan cycles. Therefore, a dex that offers a stable exchange rate is crucial for a flourishing environment.
neil nguyen CEO from Ashswap said: "We have decided to develop our product on the multiversex because we believe that the team is the most convincing vision for onboarding the next billion people designed in web3, and the technology, developmental philosophy, achievements and in particular the community, are a strong indication of their ability to implement this vision. ”
Ashswap is of the opinion that adding a major defect interior operability will increase the capital efficiency for liquidity providers and maximize the returns over time. For this reason, the ASHSWAP team intends to provide further trading products next to Stable SWAP in the future and at the same time provide a seamless and user-friendly interface for trade and management of assets.
In addition, the native token of Ashswap, should serve the sustainable growth with actual applications and Create incentives for liquidity providers on the platform.
To celebrate the start of his Stable Swap Dex, Ashswap organizes a number of incentives to warm up, including:
- ash-staking reward pool where Veash-Stakers share a pool of 2,000,000 ash for 27 days.
- ashswap-startrennen a recommendation program that grants up to 1,000 US dollars.
- 250 % APY (2.5x) for all pools within 7 days from the start. Enjoy the lucrative apy here .
- ash Point Custom Quest Three events that can call up ash-points by completing the Gleam Quest, acting with Ashswap Dex. The more Ash points you own, the higher your chance to get the whitelist in the upcoming Ashswap Airdrop.
Further information on these programs can be found here . Join the Ashswap community and still take part in the future of decentralized trade.
contact
Community Manager, Erik Pham, Ashswap, [Email Protected]
Source: Coinlist.me