Honeyswap

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A decentralized cryptocurrency exchange on the xDai blockchain.

Honeyswap description

Honeyswap is a decentralized exchange operating on the xDai blockchain. It also supports Polygon and plans to connect Arbitrum in the future. Honeyswap users can exchange tokens, participate and create liquidity pools, and do farming. A​rticle from site cryptodefix.com. The exchange appeared in 2020.

To work with Honeyswap, users need to have a Web3 wallet with the xDai network connected. Users can trade 46 coins and 690 pairs. Exchange trading is implemented through the SWAP based on AMM and liquidity pools. Exchange fee is 0.3%. Liquidity pools and SWAP are implemented in exchange interface, Honeycomb farming and voting process is implemented on 1Hive.

Honeyswap has two tokens - HNY and COMB. Thanks to them, the exchange provides a balance between the markets, additionally it helps to increase liquidity. Holders of HNY tokens can participate in voting for the future of the exchange. Rewards for pool participation are distributed in proportions: 1/12 part goes to maintaining the Honey token, the other 1/12 part to maintaining COMB. The rest of the funds go to the participants of the pool.

Honeyswap specifics

  • SWAP tokens
  • Participation and creation of liquidity pools
  • Two native tokens are HNY and COMB
  • Fees 0.3%
  • Farming COMB
  • Embedded voting

Honeyswap features

Exchanges

Forms of trade: Spot trading 1
No Transaction protection Protection of transactions from scam and other types of incorrect actions 1
No Currency converter Currency converter integrated into the exchange 0
No Listing Ability to place your own cryptoservices on the exchange 0
Number of assets: 46 0
Cryptocurrency pairs: 690 0

Decentralized exchanges (DEX)

Check out SWAP 0
Check out Liquidity pools 0
Check out Liquidity farm 0
Minimum fees: 0.3 0
Check out Staking 0
No Borrowing 0
No Lending 0
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