ADVERTISEMENT
  • About
  • Advertisement
  • Disclaimer
  • Term Of Use
  • DMCA
  • Privacy Policy
  • Cookies Policy
  • Sitemap
  • Submit Guest Post
  • Contact Us
Best Crypto Blog Website
  • HOME
  • COINS
    • ICO
    • AIRDROPS
  • MINING
  • TRADE
    • COINS
  • PR
  • NEWS
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • Crypto News
    • DEFI NEWS
    • Ethereum News
    • Government News
    • NFT NEWS
    • Ripple News
  • CASINO
  • MORE
    • WALLET
    • INVESTMENT
    • Affiliate Program
    • Buy Crypto
    • CLOUD MINING
    • DEFI
    • Exchange
    • Fintech
    • Forex
    • Lending
    • NFT
    • Web Hosting
No Result
View All Result
Wootfi Media
  • HOME
  • COINS
    • ICO
    • AIRDROPS
  • MINING
  • TRADE
    • COINS
  • PR
  • NEWS
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • Crypto News
    • DEFI NEWS
    • Ethereum News
    • Government News
    • NFT NEWS
    • Ripple News
  • CASINO
  • MORE
    • WALLET
    • INVESTMENT
    • Affiliate Program
    • Buy Crypto
    • CLOUD MINING
    • DEFI
    • Exchange
    • Fintech
    • Forex
    • Lending
    • NFT
    • Web Hosting
No Result
View All Result
Wootfi Media
No Result
View All Result
ADVERTISEMENT

AshSwap the first stable-swap DEX Launches on MultiversX Mainnet

Global Press Release by Global Press Release
20/03/2024
Share on FacebookShare on Twitter

Ho Chi Minh City, Vietnam, 11th February, 2023, Chainwire

AshSwap, the first stable-swap DEX on the MultiversX blockchain (previously Elrond Network), is officially launching on the MultiversX mainnet on February 17. The DEX will seamlessly bridge critical DeFi functions and provide tighter spreads with a fraction of the liquidity on MultiversX.

In November 2021, AshSwap successfully raised $2.5 million in a private sale led by Elrond. The initial offering of ASH tokens on Maiar Launchpad sold out, with 70,000,000 ASH (7% of the total supply) valued at $2.8 million. AshSwap has since released all of its core features, which have been available on MultiversX Devnet since October 2022.

Following more than a year of rigorous testing and development, AshSwap will go live on the mainnet with the following functions:

  • Pool V1 (Stable-swap)
  • Pool V2 (Non-stable swap)
  • Liquidity Provision
  • Liquidity Staking (Farming)
  • Governance Staking
  • Yield Boosting

On and after the launch date, AshSwap will open three pools:

  • USDC/UDST/BUSD (Stable-swap)
  • ASH/USDT (V2)
  • EGLD/BUSD (V2)

AshSwap will launch with Liquidity Provision, a feature that allows users to add liquidity in three available pools and receive LP tokens as receipts. There will also be the option to participate in Yield farming. LPs can stake LP tokens to earn ASH tokens as farming rewards. The distribution to the farms will be decided by the DAO.

By staking ASH in Governance Staking, users receive veASH (voting escrow ASH) in return and unlock multiple benefits. There will also be Emission Voting, giving veASH holders governance control over ASH emissions for each pool. The more votes a pool gets, the more ASH rewards will be allocated. Hence, the APR will be higher for that particular pool, attracting deeper liquidity.

Another core feature: Bribe, it will allow anyone to bribe veASH holders to vote for their farms. For example, if the owner of a project with token AAA wants to increase the liquidity of the pool AAA/USDT on AshSwap, they may provide incentives, called bribes, to encourage more veASH holders to vote for their pool.

AshSwap stands out because it is the first stable-swap DEX on MultiversX. In any blockchain ecosystem, stablecoins typically have a profound effect on yield farming and the borrowing/lending cycles. As a result, a DEX that provides a steady exchange rate is crucial to a flourishing environment.

Neil Nguyen, AshSwap CEO, said: “We have chosen to develop our product on the MultiversX because we think the team has laid out the most compelling vision for onboarding the next billion people into web3, and the technology, development philosophy, achievements, and especially the community, are a strong indication of their ability to execute on that vision.”

AshSwap believes that adding greater DeFi interoperability will boost capital efficiency for liquidity providers and maximize returns over time. That is why the AshSwap team intends to develop more trading products besides stable-swap in the future while still delivering a seamless and user-friendly interface to trade and manage assets.

Additionally, AshSwap’s native token, ASH, is designed to serve the sustainable growth of the protocol with actual use cases and incentivize liquidity providers on the platform.

To celebrate the launch of its stable-swap DEX, AshSwap is hosting a series of incentivized warm-up activities including:

  • ASH staking reward pool in which veASH stakers will share a pool of 2,000,000 ASH over 27 days beginning on January 21.
  • AshSwap Launch Race, a referral program that awards up to $1,000.
  • 250% APY (2.5x) boosted for all pools within 7 days starting from the launch. Enjoy the lucrative APY here.
  • Ash Point Custom Quest, three events for users to obtain ASH points by completing the Gleam quest, trading on AshSwap DEX, and staking ASH. The more ASH points you own, the higher your chance of being whitelisted in the upcoming AshSwap airdrop.

More information on these programs can be found here. Join the AshSwap community and participate in the future of decentralized trading today on app.ashswap.io

Website | Discord | Twitter | Telegram | Medium

Contact

Community Manager
Erik Pham
AshSwap
erik@ashswap.io

Global Press Release

Global Press Release

Next Post
Once rewritten the Venezuelan financial landscape! LocalBitcoins has been in operation for 10 years and lost to the cold winter

Once rewritten the Venezuelan financial landscape! LocalBitcoins has been in operation for 10 years and lost to the cold winter

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

LATEST ARTICLE

How To Track Your NFT Portfolio on Mobile: Explain In Detailed
Guide

How To Track Your NFT Portfolio on Mobile: Explain In Detailed

by Volvo
05/06/2025
0

In this article, I will talk about efficiently and easily tracking your NFT portfolios on mobile. No matter what your...

Read moreDetails
How To Track NFT Portfolio on Any Platform: Step By Step Guide

How To Track NFT Portfolio on Any Platform: Step By Step Guide

05/06/2025
10 Best Mudrex Alternatives In India – Top Crypto Investment Platforms 2025

10 Best Mudrex Alternatives In India – Top Crypto Investment Platforms 2025

30/05/2025
RYO Digital and GRNX Global Partner to Revolutionize Global GrainTrade with Blockchain Innovation

RYO Digital and GRNX Global Partner to Revolutionize Global GrainTrade with Blockchain Innovation

27/05/2025
10 Best Bridging Solution For Multi-Chain Games

10 Best Bridging Solution For Multi-Chain Games

25/05/2025
WOOTFI LOGO

Wootfi Mile Blog

Wootfi.com is a comprehensive review platform that specializes in providing accurate, up-to-date information on the latest developments in the world of cryptocurrencies, forex, DeFi, crypto wallets, and AI. Our team of experienced writers and analysts are passionate about their work and committed to delivering high-quality content to our readers.

Categories

  • Affiliate Program
  • AIRDROPS
  • Artificial intelligence
  • Best Crypto Wallet
  • Bitcoin News
  • Blockchain News
  • Buy Crypto
  • Cardano News
  • CASINO REVIEW
  • CLOUD MINING
  • COINS
  • Crypto News
  • Crypto Press Release
  • DEFI
  • Earning Survey Sites
  • Education Platform
  • Ethereum News
  • Exchange
  • Features
  • Finance
  • Fintech
  • Forex
  • Format Folder
  • Government News
  • Guide
  • ICO
  • Investment
  • Lending
  • News
  • NFT
  • NFT NEWS
  • Press Release
  • Ripple News
  • Uncategorized
  • WALLET
  • Web Hosting
  • About
  • Advertisement
  • Disclaimer
  • Term Of Use
  • DMCA
  • Privacy Policy
  • Cookies Policy
  • Sitemap
  • Submit Guest Post
  • Contact Us

© 2023 WOOTFI - Develop by WOOTFI.
All content on Wootfi.com is provided solely for informational purposes, and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security, product, service or investment. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. For More Details Contact Us At - support@wootfi.com .

No Result
View All Result
  • HOME
  • COINS
    • ICO
    • AIRDROPS
  • MINING
  • TRADE
    • COINS
  • PR
  • NEWS
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • Crypto News
    • DEFI NEWS
    • Ethereum News
    • Government News
    • NFT NEWS
    • Ripple News
  • CASINO
  • MORE
    • WALLET
    • INVESTMENT
    • Affiliate Program
    • Buy Crypto
    • CLOUD MINING
    • DEFI
    • Exchange
    • Fintech
    • Forex
    • Lending
    • NFT
    • Web Hosting

© 2023 WOOTFI - Develop by WOOTFI.
All content on Wootfi.com is provided solely for informational purposes, and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security, product, service or investment. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. For More Details Contact Us At - support@wootfi.com .