Hedera Ecosystem’s DEX platform … HELISWAP …
What is HeliSwap… ?
HeliSwap is an open source decentralized exchange (DEX) platform that supports tokens in the Hedera ecosystem. The codebase for HeliSwap v1 is a fork of the Uniswap v2 protocol; this means some of the most popular DEX features are now available in Hedera Hashgraph.
HeliSwap is designed to put the community and its needs at the center of everything we do. Every product and feature we create was created with the belief that DeFi should be easy to use and intuitive for everyone. Not only to ensure the long-term viability of the platform and also to provide a reliable, secure and transparent DeFi experience, but also to allow all members to be part of a vibrant and interactive community.
They believe Hedera’s future is community driven and are excited to build it together with the community.
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HeliSwap V1 offers various functions
- Creating Liquidity Pools
- Adding Liquidity to an Existing Pool
- Pooling with ERC20 Token
- Remove Liquidity
- Swap
- Yield farming
$HELI token
$HELI is HeliSwaps native token serving as a transferable representation of several utility functions attributed to it. This mainly includes Governance, Liquidity and Staking. It is a token built using the HTS (Hedera Token Service). The HELI token will serve as the backbone of the DAO structure while also rewarding active users of the platform for participating. We have a supply of 888,888,888 $HELI tokens allocated to different buckets. The $HELI tokens will be released gradually over the next 5 years (60 months) following HeliSwap’s emission schedule. The vesting period is linear and linked to time passed rather than blocks.
Governance
$HELI serves as the governance token of the DAO, used to participate in proposals and voting.
Liquidity
A portion of HELI tokens is used for liquidity provision incentives to reward participants of HeliSwap’s Yield Farming product.
Staking
HeliSwap offers yield returns in exchange for locking your tokens into our smart contracts. Depending on the assets staked users earn different interest in return. The HELI token can also be used on our staking platform.
My last words; If you want to explore the Hedera ecosystem; your starting address is HELISWAP …
twitter @HeliSwap_DEX
