It’s been a year since the birth of HunnyFinance and the team has been expanding on their products, building on different DeFi DApps, adding on across chain capabilities, etc. They have been working very hard to deliver their promise; to be the most engaging and fun DeFi destination where every user can enjoy high yields and exciting games at the same time.
Over the year, they have introduced:
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- HunnyFinance Farm — A yield farming platform on BSC
- HunnyPlay — Our very own i-gaming playground with all settlements/payments integrated across blockchains
- HunnyPoker — A P2P game where their community can come together to bond and unwind
- HunnyDAO — A Dual DAO treasury on BSC
- HunnyJar — A reward pool to give back to the community
- HunnyMarketplace — Where HunnyBunnies’s NFT are sold/traded
Now they’re thrilled to bring players the latest product from HunnyFinance; a fun and engaging Decentralised Exchange (DEX) on Avalanche!
Welcome to HunnySwap
HunnySwap is an automated market-making (AMM) decentralized exchange (DEX) on the Avalanche Ecosystem. With the strong backing of supporters in the BSC and also the potential exposure in Avalanche to draw in new users, the team believed that HunnyFinance is ready to be propelled to the next level.
Getting Started with HunnySwap
On HunnySwap, users can trade one token for another via automated liquidity pools driven by the AMM.
When users make a token swap (trade) on HunnySwap, they will pay a 0.3% trading fee, which is broken down as follows:
0.18% — Returned to Liquidity Pools as a fee reward for liquidity providers.
0.05% — Returned to gXOXO staking pool as rewards.
0.05% — Returned to LOVE staking pool as rewards.
0.02% — Sent to the Treasury.
How to Add Liquidity
To provide liquidity, users will need to commit an equal amount of any token pair they like. Their lowest value (in USD) of the two tokens will be the limit to the liquidity they can provide.
Here’s the list of liquidity pairs available on HunnySwap during launch:
Earning Trading Fees for Liquidity Providers
Providing liquidity gives players a reward in the form of trading fees when people swap tokens using their liquidity pool.
Whenever someone trades on HunnySwap, the trader pays a 0.3% fee, of which 0.18% will be added back to the Liquidity Pool of the swap pair they traded on.
To make being a liquidity provider even more worth your while, users can also stake their LP tokens to earn an additional yield on Hunny Farms, while still earning 0.18% trading fee reward.
Adding liquidity allows liquidity providers to earn 0.3% swapping fees from the pairs they’ve provided. Players can supply liquidity and start earning fees immediately. They can also earn even more rewards by staking their LP Tokens at the farms.
XOXO Token Distribution
XOXO will be Hunny’s native currency and will provide adequate liquidity on HunnySwap by attracting users who are interested in DeFi platform with cross-chain iGaming playground. Of course, experience in DeFi space has equipped the team to curate and provide pools and farms with high yields coupled with optimization strategies to create lucrative and attractive rewards for all of their Hunnies!
Vision of HunnySwap is to be the only destination for trading Avalanche tokens and having fun on HunnyPlay. They build HunnySwap to enable users to trade Avalanche project tokens with minimal slippage and be rewarded with their trade-mining feature, and earn high yields from their farms and pools. Following the HunnySwap launch, users will be announcing more collab and farms with other outstanding protocols on Avalanche.
Another highlight on HunnySwap will be their P2E Game, HunnyRace! Stay tuned for more awesome stuff!
Hunny aims to be the most engaging and fun DeFi destination built on chain. On top of that, they are developing a brand new and unprecedented gamified farming playground where every user can enjoy high yields and exciting games at the same time.
All information on the article is for reference only, this is not investment advice. Hopefully, the information that Avaxholic has gathered in the article will be useful to you.
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