Disclaimer
The main objective of this publication is to present the SwapHub solution and the related SwapHub project. Under no circumstance, it should be considered as an investment advice.
If you have any question regarding the regulations impact on the SwapHub project, feel free to contact SwapHub at https://t.me/swaphub
Abstract
There are currently many DeFi projects developing in the cryptocurrency market since the rapid rise in popularity of the Yearn Finance platform. People began to hunt for DeFi projects to be part of their investment portfolios. But the main reason people choose DeFi projects is better compared to blockchain technology in general. If we look in general, between Decentralized Finance (DeFi) and blockchain is almost the same, but the advantages of DeFi are maximizing the features of blockchain and making it more complex to use in financial cases.
SwapHub is a platform built using DeFi. The goal of SwapHub is to become a more robust decentralized exchange platform. Because as we all know that Uniswap has been around for 2 years and the protocol has been widely used on DeFi platforms. And SwapHub will develop the Uniswap protocol to be better the community.
Decentralized Exchange
SwapHub as previously described is a decentralized exchange platform that uses the Uniswap protocol to build its staking system. But in the future, SwapHub plans to update the Uniswap protocol and make it better for the community. In the future SwapHub will work to deploy protocols other than Uniswap, then will start to provide DeFi ecosystem features such as digital asset lending, etc. This is one step ahead in becoming the next-generation DEX ecosystem.
Not to forget, SwapHub will provide incentives for each participant. If a user provides liquidity to the pool, then the user has the opportunity to receive incentives in the form of HUB tokens. Unlike Uniswap, even if users no longer provide liquidity to the pool, they will still get incentives from SwapHub by holding HUB tokens. This is what makes SwapHub different from the Uniswap platform.
But not only that, there are several other reasons that make the SwapHub platform different from other decentralized exchange platforms, such as;
-Token distribution: A token distribution mechanism that allows liquidity providers to easily migrate to SwapHub.
Rewards Distribution: SwapHub will win 0.3 percent trading fees, 0.25% trading fees will be sent to token providers, and 0.05% is converted to HUB and distributed to HUB token holders
Ensuring project sustainability: 5% of all HUB tokens supply is reserved for developers at SwapHub
The Liquidity Migration: SwapHub will be migrating all liquidity tokens registered on the SwapHub contract, 5 weeks / first 200,000 blocks since the protocol started.
Protocol Usage: SwapHub uses the same interface as the Uniswap platform. So, if the user's current protocol is compatible with Uniswap, it's easy to integrate with SwapHub.
Security Audit: SwapHub puts user security first by modifying Sushi Swap contracts.
In Conclusion
It has been 2 years that Uniswap has been in the cryptocurrency market, everyone is sure that they have a reliable protocol and have been used by many platforms around the world. SwapHub is a decentralized exchange platform that will make the Uniswap protocol even better for the community. So that there will be more people who can benefit from using blockchain technology.
Connect
WEB: https://swaphub.finance/
WHITEPAPER: https://medium.com/@swaphub/about-swaphub-49c45ba60e8d
TELEGRAM: https://t.me/swaphub
TWITTER: https://twitter.com/swaphubfinance
