Hello everyone ... I am here to inform you by writing a review to introduce a very unique new project called SWAPHUB, so for that, have a look at the article I created below to give you a really good overview of the project, then Benefits what do they give everyone? Let's just go straight to the discussion below.
Abstrak
There are currently many DeFi projects developing in the cryptocurrency market since the popularity of the Yearn Finance platform has increased rapidly. People started hunting for DeFi projects to make part of their investment portfolios. But the main reason people choose DeFi projects is better than blockchain technology in general. If we look in general, between Decentralized Finance (DeFi) and blockchain are almost the same, but the advantage of DeFi is to maximize the features of blockchain and make it more complex to use in financial cases.
SwapHub is a platform built using DeFi. SwapHub's goal 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 the DeFi platform. And SwapHub will develop the Uniswap protocol to become a better community.
Decentralized Exchange
SwapHub as previously described is a decentralized exchange platform that uses the Uniswap protocol to build its betting system. But going forward, 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 providing DeFi ecosystem features such as digital asset lending, etc. This is one step forward to become the next generation DEX ecosystem.
Not to forget, SwapHub will provide incentives to each participant. If the user provides liquidity to the pool, then the user has the opportunity to receive an incentive in the form of a HUB token. Unlike Uniswap, even though 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.
Prize Distribution: SwapHub will win 0.3 percent trading fees, 0.25% trading fees will be sent to token providers, and 0.05% will be converted to HUB and distributed to HUB token holders
Ensuring project sustainability: 5% of all HUB token supply is reserved for developers on SwapHub
Liquidity Migration: SwapHub will migrate all liquidity tokens listed on the SwapHub contract, the first 5 weeks / 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 Uniswap compatible, it is easy to integrate with SwapHub.
Security Audit: SwapHub prioritizes user safety by modifying Sushi Swap contracts.
The conclusion
It has been 2 years that Uniswap has been in the cryptocurrency market, everyone is sure that they have a reliable protocol and are used by many platforms around the world. SwapHub is a decentralized exchange platform that will make the Uniswap protocol better for the community. So that more people will benefit from using blockchain technology.
How to connect Meta Mask to Uniswap and Swap Hub
Uniswap DeFi and Swap Hub can be connected in the google chrome browser. Therefore, all DeFi operations can be performed within google chrome.
How to connect Uniswap and Meta Mask
You can access Uniswap from the URL below: https://app.uniswap.org/#/swap
[Click "Launch Application" at top right]
[Click "Connect to wallet" at top right]
[Choose MetaMask because the menu screen is displayed]
[MetaMask will start automatically, so click "Next"]
[Returns to the Uniswap screen and if ETH is displayed at the top right, connection is complete]
How to connect SWAP Hub and MetaMask
The connection between Swap Hub and MetaMask can be made from within the google chrome browser and UniSwap.
You can access the Swap Hub Home from the URL below: https://swaphub.finance/
[Click "Wallet connection" on the top right]
[Click on Meta Mask Connection]
[MetaMask starts, so click "Connect"]
[If locked is changed to a numeric value as shown in the image above, the connection is complete]
For more information on this project see the link below:
WEBSITE: https://swaphub.finance/
WHITEPAPER: https://medium.com/@swaphub/about-swaphub-49c45ba60e8d
TELEGRAM: https://t.me/swaphub
TWITTER: https://twitter.com/swaphubfinance
Author: dey90
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=731808
Wallet Address: 0x5c582DE6968264f1865C63DD72f0904bE8e3dA4a