SWAPHUB: AN APP FOR CONSISTENT SWAPPING OF CRYPTOCURRENCIES AND DEFI
INTRODUCTION
There is a connection between uniswap and swapHub, so much in common but the contrast is the fact that Swaphub features are made to be an improvement on the existing uniswap and as such, the protocol design will be a spearheader for many Defi projects to cause a rapid evolution with astounding features.
Before long, this platform plans to achieve some milestones within a short period of time through the staking activities in its ecosystem and through its relationship with the uniswap protocol. Funding will be taken up by users and building of protocols will be done as a preferred alternative to uniswap.
THE DIFFERENCE BETWEEN UNISWAP AND SWAPHUB
Even though this two has so much in common, there is still a sharp contrast and that is seen in the way uniswap makes all its providers of liquidity able to get their share from the trading fees which are realized from the general liquidity pool. The disadvantage here is that when you stop contributing to the liquidity pool, you will stop getting rewards. However, swaphub makes you able to get reward in form of HUB token. You can provide liquidity or chose not to provide if you don't want to. The rewards gotten are received as an entitlement as long as you hold the HUB token. Those who even support the project earlier and they will be regarded as the permanent stakeholders.
While staking in this platform, LP token is used and when staked, the income to come from it is determined by the staked amount and then the rewards comes so easily just like any other token held.
Swaphub comes forth as an App that is able to perform all the swap functions and the token that would be distributed will be received in the app when installed by all users. This app makes all uniswap users able to upgrade and use swapHub conveniently.
REWARD FOR ALL
The liquidity providers in uniswap have always been the ones to benefit a lot from the trading fees, however in SWAPHUB, the ones to benefit alongside the liquidity providers are users and other token holders. Everyone is made to enjoy the rewards that is given and that grants the platform a level of sustainability for long term operations. To make this plan work out, a fraction of HUB token will be given to developers for them to be able to contribute and do what will make it.
THE RELATIONSHIP WITH DEFI
This platform has almost the same design with uniswap except the use of protocol that differentiate them. SWAPHUB can be integrated into DeFi and that makes it so unique and easy. The team are not selfish in the reward distribution and that has made them settle for just 5% of the entire distribution. This gives more percentage out to be shared by others
CONCLUSION
When it comes to security, this platform has the best security audit and is very much capable of the best auditing. The security in this platform cannot be compared with any other one since further modifications have been made on the existing ones to make it very strong and trusted.
USEFUL LINKS
Website: https://swaphub.finance/
Telegram: https://twitter.com/swaphubfinance
Twitter: https://t.me/swaphub
Medium: https://medium.com/@swaphub
AUTHOR'S DETAILS
Bitcointalk Username: Nekkyush
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2661429