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MistSwap: DeFi on Bitcoin Cash

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Avatar for kasumi
Written by   110
1 year ago
Topics: SmartBCH, BCH, Defi

Hello, today I am happy to introduce MistSwap - a new decentralized exchange built for smartBCH. MistSwap provides greater incentives for token holdens by distributing a portion of all fees to people who stake MIST, as well as an overall improved fee structure which reduces impermanent loss from liquidity providers. We also have many farms, a staking system, and a SLP redemption system

Redeem MIST

We are providing 1-to-1 conversion of MIST SLP tokens to MIST SEP-20 tokens. And 1-5 conversion of DROP SLP tokens to to MIST SEP-20 tokens, using the MistyLake tool. https://lake.mistswap.fi/

Origins

MistSwap is forked from SushiSwap, with minimal changes to the smart contracts. Because of this, it is very secure and battle tested. Our interface is slightly modified from SushiSwap's, and it allows us to bring in additional SushiSwap functionality in the future easily.

Farms

MistSwap is launching with a total of 9 farms, with more to come soon. The additional farms will allow for promotion of BCH projects, as well as allowing people who provide tokens for these projects to become partial owners of MistSwap and receive continual rewards from all trading on MistSwap.

  • MIST/BCH

  • MIST/flexUSD

  • EBEN/BCH

  • flexUSD/BCH

  • FLEX/flexUSD

  • ORB/BCH

  • KTH/BCH

  • SPICE/BCH

  • ARG/BCH

I would like to promote more projects in smartBCH by opening farms for them, allowing their liquidity providers to receive some of the newly created MIST. We expect to provide farms for many of the biggest tokens in BCH.

Distribution Rules

For the first 2 weeks, 1000 MIST will be distributed each block to all farms. After that, 100 MIST per block in perpetuity. 10% of all newly created MIST is sent to the dev address, which will allow for funding of future improvements to MistSwap and additional tooling.

Rewards / Fees

Our reward/fee structure is this: there is a flat 0.3% fee on each trade. 0.25% of this is sent to the liquidity providers, and 0.05% is sent to people who have staked MIST. 0.3% fees are better suited for the higher volatility of tokens today, it allows for higher allocation of liquidity as the fees will make up for a larger portion of impermanent loss.

The Future

We are planning a suite of tools to help businesses launch tokens easier. Stay tuned.. 😄

Open Source

MistSwap is fully open source, we have:

And more. Please DYOR.

Join the Community

Please join our Discord: https://discord.gg/xFTnQEzu9T

Twitter (for announcements): https://twitter.com/mistswapdex

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Avatar for kasumi
Written by   110
1 year ago
Topics: SmartBCH, BCH, Defi
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Comments

What is Mist Token of Precision? Im trying to import mist in my smartbch metamask so I can send bch I guess, to receive giveaway checks.

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1 year ago

Why as for me I would I still don't know much about this and I will really love to learn more about this new cryptocurrencies how they listed and how is all works

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1 year ago

Checking this one now :)

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1 year ago

I’m already using it. Great APR for farms right now! I would love to see AxieBCH/BCH pair in the future 💙

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1 year ago

MIST/wBCH Farm yield is huge! 54724% is amazing. This will be a nice gem for early investors. Thanks for sharing this great article.

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1 year ago

Siempre es bueno plantearnos cosas para mejorar el futuro. Y mucho más cuando lo llevamos a la práctica. Además de que veo muy bien recompensar la calidad así da mas deseo y interés de mejorar al que la recibe.

Linda mañana te deseo lo mejor de este mundo salud y prosperidad para ti y tu familia besos y abrazos desde Cuba

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1 year ago

Hi, looks like there are no liquidity for some tokens yet. Like cashcats. When will it be added

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1 year ago

Hello, guys! It's AxieBCH here, we are very interested in cooperation. Please contact us back.

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1 year ago

Hi! Please join discord https://discord.gg/xFTnQEzu9T we have a token-listing chat here. Thanks so much!

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1 year ago

Thanks, already there & waiting for instructions

$ 0.00
1 year ago