As a result, decentralized exchanges swiftly become the crypto market’s primary source of token trading volume and liquidity. Because of loan protocols and Automated Market Makers, there is a lot of value in the ecosystem that isn’t being utilized (AMMs). New technology is developing quickly, as demonstrated by the MoonSwap AMM.
When trading on automated market-making platforms (AMMs) such as Uniswap, MoonSwap is designed to alleviate the speed and considerable gas fee difficulties that can arise.
MoonSwap aims to make cryptocurrency trading a fast and (nearly) free procedure, as an alternative to popular AMMs such as Uniswap and SushiSwap, through the usage of the Conflux blockchain. With Conflux’s Tree Graph (TG) technology, MoonSwap ensures that all transactions confirm in under 23 seconds while simultaneously achieving a throughput of up to 6,000 transactions per second (tps).
Amp × MoonSwap
With the launch of the cAMP-cETH trading pair on MoonSwap today, January 14, 2021, at 9:00 AM EST, Amp will be available for trading on the platform, with $MOON liquidity mining incentives commencing today, January 14, 2021, at 9:00 AM. Starting today, users who offer liquidity to the cAMP-cETH pool will earn $MOON utility tokens in addition to transaction fees.
AMM represents a significant advancement in the entire cryptographic realm. It has altered how people exchange cryptocurrencies. Because Hayden Adams had a lot of ideas, he came up with Uniswap. Many individuals utilize liquidity pools to trade between multiple tokens decentralized and non-custodial easily.
To participate, you must first create an AMP/ETH Conflux wallet (in Firefox) and fund it. Second, vote on the Conflux contract. Second, supply liquidity in exchange for MoonSwap LP (MLP) tokens. And then stake your MLP tokens to the cAMP-cETH farm to begin mining $MOON immediately.
Please make sure you read the deposit instructions for MoonSwap thoroughly. Also, you do a test transaction to make sure that your assets moved from Ethereum to Conflux. Avoid sending purchases to your Conflux address directly. To send money to your Conflux address, use the deposit contract on MoonSwap.
Alternatively, the ShuttleFlow protocol can directly transfer assets from Ethereum to Conflux.
Check the other MoonSwap LP farms and keep an eye out for the MoonSwap iOS app coming soon. Not to mention that AMP is on Uniswap, Sushiswap, and Balancer, which all fully decentralizes liquidity options. Never forget to double-check that you interact with the actual Amp token contract when engaging in DeFi transactions.
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