AshSwap offers efficient stablecoin trading and a user-friendly DEX experience on MultiversX. More
| Fully Diluted Valuation | $2.34M |
|---|---|
| 24H Trading Volume | $2,354 |
| 24H Low / High | $0.00 / $ 0.00 |
| Circulating Supply | 414.89 M |
| Total Supply | 1.00 B |
| Max Supply | 1.00 B |
| Categories | MultiversX Ecosystem |
|---|---|
| Founder | Nghia Nguyen 1 more |
| Website | linktr.ee Whitepaper |
| Socials | 2 more |
| Chains | Elrond Ecosystem |
| Explorer | Multiversx 1 more |
| Contracts |
ASH-a....642d1
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| Name | Pair | OG Score |
|---|
AshSwap: A Stable Springboard for DeFi on MultiversX
Decentralized finance (DeFi) continues to evolve, with new protocols emerging to address limitations of existing solutions. AshSwap, a Decentralized Exchange (DEX) on the MultiversX (formerly Elrond) blockchain, positions itself as a pioneer in stable-swap AMM (Automated Market Maker) technology. This article dives into AshSwap's features, its role in the MultiversX ecosystem, and potential challenges it faces.
Stablecoin Swaps Take Center Stage
AshSwap's core innovation lies in its focus on stablecoin trading. Traditional AMMs can experience significant price slippage when dealing with large trades of assets pegged to a similar value. AshSwap tackles this by employing a "stable-swap invariant" design. This ensures tighter spreads and minimizes price fluctuations, making AshSwap an attractive option for traders dealing in stablecoins like USDT, USDC, and DAI.
Beyond Stablecoins: A Multi-Faceted DEX
While excelling at stablecoin swaps, AshSwap caters to a broader audience. It offers a "Legacy Swap" option for trading other assets, and its "Aggregator Swap with Dynamic Trade Routing" scours various liquidity pools to find the best rates for users, potentially across different DEXs. This comprehensive approach goes beyond the niche focus of some stable-swap DEXes.
Liquidity Incentives and Governance
As with many DEXes, AshSwap incentivizes users to contribute liquidity to its pools. Liquidity providers earn rewards through "Liquidity Stake - Farming." Uniquely, AshSwap introduces "Liquid Liquidity Provision (LLP)" allowing users to leverage their existing LP tokens for minting a new stablecoin.
AshSwap embraces community participation through its "AshDAO" governance system. ASH token holders can stake their tokens to gain voting rights on proposals and influence the platform's direction. Additionally, the "Bribe" feature allows projects to incentivize users to provide liquidity for their tokens on AshSwap, potentially creating a win-win situation.
Building on MultiversX's Strengths
The MultiversX blockchain boasts impressive scalability and transaction speeds. AshSwap leverages these advantages to offer a potentially high-performance trading experience. This synergy could position AshSwap as a key player in facilitating DeFi growth on MultiversX.
Challenges and the Road Ahead
Despite its innovative features, AshSwap faces competition from established DeFi protocols and other stable-swap DEXes. Building a strong user base and attracting liquidity will be crucial for its success. Additionally, the long-term viability of the "Bribe" system and its potential impact on governance decentralization requires careful consideration.
Conclusion
AshSwap presents a compelling vision for a stable-swap focused DEX on the MultiversX blockchain. Its features cater to both stablecoin traders and those seeking a broader DeFi experience. While challenges lie ahead, AshSwap's potential to enhance DeFi usability and contribute to the MultiversX ecosystem makes it a project worth watching.
AshSwap is a DEX on MultiversX that prioritizes stablecoin swaps with minimal slippage, offering a "Legacy Swap" option and an aggregation feature for broader usability.
AshSwap's founders are Nghia Nguyen (Neil Nguyen) as Co-founder & CEO and Hieu Phan as Co-founder & CTO.
AshSwap secured $2.5 million from investors including Elrond, Morningstar Ventures, and Istari Vision, among others.
xExchange, Ashswap
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There may be different staking options available such as to participating in DAOs, decentralized governance and revenue sharing. Please watch out for scams. Only consider staking options promoted on the official website of the project and advised partners. Please click here to see the official links and make sure to follow the latest instructions.
This data is dynamic and varies depending on the number of tokens that are being vested/vesting, removed from circulation because of network transactions or burned permanently and staking reward distribution mechanism. According to self-declared data the circulating supply of AshSwap (ASH) is ($414,886,808), max supply of AshSwap ASH is ($1,000,000,000) and the market cap of AshSwap ASH is ($969,847).
What is the AshSwap (ASH) price prediction?
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The current market price of AshSwap (ASH) is $0. As the OGAudit community we mainly focus on features such as use cases, product development, and sustainable growth. However, we also provide real-time market data and coin/token statistics, analytics, price history for popular altcoins. see here.
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Does the team have a realistic roadmap and can catch up with it?
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Can the team market their products and services well?
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