YuzuSwap
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
* | $2.0m | Seed | |
Total Funding | €1.8m |
Recent News about YuzuSwap
EditYuzuSwap is a decentralized exchange (DEX) operating on the Oasis Network, specifically on the Oasis Emerald paratime. The platform is designed to provide a safe, swift, and low-cost tool for discovering and swapping tokens within the Oasis ecosystem. YuzuSwap employs a non-custodial, peer-to-peer model, meaning users retain control over their assets without the need for intermediaries. The platform incentivizes participation through liquidity and trade mining, where users can earn YUZU tokens by providing liquidity or engaging in trades.
The YUZU token has a capped total supply of 500 million, with 70% allocated for mining through liquidity and trade pools, 10% for the team, 10% for the foundation, and 10% for early-stage investors. The transaction fee on YuzuSwap is 0.3%, with 80% of the fee allocated to a buyback smart contract that helps stabilize the YUZU token price, and the remaining 20% directed to a DAO vault. The DAO vault's usage is determined by YUZU token holders through a voting process, which can include incentivizing developers, co-investing in other projects on Oasis, or purchasing insurance for YuzuSwap.
YuzuSwap's open and composable ecosystem is fully accessible to developers and members of the Yuzu DAO, fostering a collaborative environment for innovation. The platform primarily serves cryptocurrency traders and developers within the Oasis Network, aiming to enhance the overall liquidity and usability of the network's tokens.
Keywords: decentralized exchange, Oasis Network, liquidity mining, trade mining, non-custodial, peer-to-peer, YUZU token, DAO vault, buyback contract, token swaps.