There’s a new DEX in town coming from a DAO with over a year of history on BSC. Hunny Finance has built 7 different protocols and gathered a following along the way.
Now they’re expanding to Avalanche and bringing their network with them along with a few unique approaches to growing their DEX. We have a dominant DEX on Avalanche but it’s always positive to see existing teams from other chains expanding and exploring the Avalanche network!
The number of protocols Hunny Finance has launched is impressive. It’s clear the devs are going to continue pushing their ecosystem over the next year.
Trading Fees for Liquidity Providers
When you make a token swap (trade) on HunnySwap you 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 Treasur
80% of Tokens Set Aside as Community Rewards
Hunny Finance’s Goal is to be the Most Engaging and Fun DeFi Destination
So it makes sense that they’re working on a game to fit into their ecosystem called HunnyRace.
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This Week in Avalanche is an independent newsletter tracking what’s happening in the Avalanche ecosystem. The inclusion of a project or token is not intended as an endorsement or financial advice(DYOR). If you have suggestions or feedback you can reach out on Twitter: @WeekInAvalanche. This is a sponsored post.