SwapHub

 SwapHub

SwapHub will carry out a migration, where everyone who is part of its ecosystem will obtain all Uniswap LP tokens bet on SwapHub and exchange each pair of tokens on Uniswap all through a smart contract everyone will be able to use these tokens to build the initial liquidity reservoir and in this way the new pools will be similar to the standard Uniswap pools and the fees incurred will be distributed to the HUB token holders through the above mechanism being a fairer and more efficient way for everyone as well as encouraging and profitable SwapHub wants to offer the best in terms of decentralization as the SwapHub technical team wants to ensure that Once the migration is completed, based on the newly built initial set of SwapHub pools, the protocol itself will be fully installed and executed immediately, as all Stakers will not need to do nothing and will continue to receive liquidity to receive HUB token rewards in a clear and evident way. because SwapHub will use a smart contract protocol, which all SwapHub holders will use the same Uniswap interface making it easier and more reliable to integrate everyone in this way if any current protocol is compatible with Uniswap, it is relatively easy to integrate it with SwapHub performing the integration of both services in a natural way in SwapHub everyone can work with several DeFi and other ecosystem tools to start the integration of SwapHub, this will become SwapHub different from Sushiswap because the SwapHub team is rewarded with 5% this way the team will be neutral and users of the SwapHub community will have greater control over the reserves in the SwapHub ecosystem. The initial mining reward period will be the first 200,000 blocks totaling approximately ~ 5 weeks. During this period, 2x rewards will be distributed per block. participate in SwapHub mining as the HUB Token will not be a problem because s will be interrupted in 12,825,888 blocks thus giving everyone the chance to obtain and in the near future win with their leverage thus through the bonus period, as the total amount of HUB tokens issued per bet will be 220,000,000 HUB in about 1 year, The issue or not of additional tokens thereafter is determined by the governance of the community everyone will have the right to vote regardless of the amount SwapHub will convert the team's reward by 5% because SwapHub wants to reduce the amount retained by the development team in the market giving more freedom and attraction to the project as a whole in a healthy way the HUB token with its ecosystem through the SwapHub development team will ensure that all its differences can be seen in the contracts, giving an absolute certainty in the clarity and long-term perspective of gains for all participants thus through a Security Audit being based on the trust of the community as a whole as the basis of SwapH ub will be extremely important because the SwapHub project wants to differentiate itself from current projects and rather think about spreading the project for everyone's gain, for more information visit the website and draw your conclusions from a project with great differences and long-term profit opportunity deadline

SwapHub is developing a design identical to the Uniswap protocol so SwapHub wants to build on its design and add resources that can benefit everyone in the community because the SwapHub team in the next six months will be completing and building their own staking ecosystem of SwapHub based on the Uniswap protocol, this way it intends to become as close as possible to its effectiveness so SwapHub through Stage 2 will implement different protocols from Uniswap that way already in Stage 3 when forming the SwapHub funding pool and exchange the LP, as Uniswap LP will give everyone possibilities for exchange and gains since in Step 4 all users will enjoy the next generation DEX ecosystem SwapHub in this way in Step 5 by providing a DeFi ecosystem, borrowing digital assets, SwapHub with o Draft protocol Incentives from the liquidity provider In the decentralized SwapHub Exchange, everyone will be able to obtain rewards in the form of HUB tokens, providing liquidity to the pool, on an ongoing basis Even if the user no longer participates in providing liquidity, they will still be entitled to part of the protocol fees of SwapHub by maintaining a HUB token having a wide incentive and being one of the first participants in the liquidity support, all users will become one of the main stakeholders in the protocol and will develop a growing community

Token distribution
We recognize that many users are liquidity provider of the Uniswap pool. Therefore, we have designed a token distribution mechanism that allows existing liquidity providers to easily initiate the migration to SwapHub.
Anyone with Uniswap LP tokens can stake them into SwapHub’s initial pool to provide liquidity and earn HUB tokens. When you stake, the block <10825888>. You can check the block number here: https://etherscan.io/ (Rewarding will start around 12:00 on September 9, 2020 time in Tokyo) and you will be able to earn HUB tokens. After staking begin, On-chain governance determines which LP tokens can be listed on SwapHub. It is up to you.
Every time a block is created, 100 new HUB tokens will be issued. These tokens will be distributed evenly over those who are staking in the SwapHub pool.
However, in the first 200,000 blocks (~ 5 weeks), 200 HUB tokens will be allocated per block to facilitate the liquidity migration and favor early supporters. In other words, the first 200,000 blocks will be allocated 200 HUB per block and thereafter 100 HUB will be allocated per block.
The number of HUB tokens issued is limited. The token issue will continue from 10,825,888 blocks of 12,825,888 blocks and will stop after approximately 365 days. Including the bonus period, the total issue volume will be 220,000,000 HUB. Whether or not to issue additional tokens thereafter is determined by the governance of the community. See Etherscan for block number confirmation.

Liquidity provider incentives
Perhaps the most interesting thing for many is, “Why would many people want to give Liquidity to SwapHub, not Uniswap?”
Uniswap allows liquidity providers to receive trading fees from the liquidity pool only when they are actively providing liquidity. If you remove asset from the pool, you will not be able to receive passive income. Moreover, even if you provide liquidity in the early days, as Uniswap becomes more popular, and others become providing liquidity, then your income will diminish.
At SwapHub, you can get rewards of the form of HUB tokens by providing liquidity to the pool. Even if you no longer participate in the liquidity providing, you will still be entitled to a portion of SwapHub’s protocol fees by holding an HUB token. As an early participant in supporting liquidity, you become a key stakeholder in the protocol.
The income you get from staking is proportional to the number of LP tokens you are staking out of the total number of LP tokens staked. If you do not continue to provide liquidity, your holdings and the corresponding reward income will gradually decrease.

SwapHub plans to move on to the next milestone in the next six months.
Stage 1: Build SwapHub’s own staking ecosystem based on Uniswap’s protocol.
Stage 2: Deploy protocols other than Uniswap.
Stage 3: Form SwapHub’s funding pool and exchange LP such as Uniswap LP.
Stage 4: Realize next-generation DEX ecosystem.
Stage 5: Provide DeFi ecosystem, digital asset lending, etc.

The first available pools are as follows:
CeFi Stable Coins: USDT-ETH, USDC-ETH
DeFi Stable Coin: DAI-ETH, SUSHI-ETH, sUSD-ETH
Delicacy (2× reward): HUB-ETH

Smart contract
The contract is available at https://github.com/swaphub-finace/swaphubwith a WTFPL license. Some code is from other projects including SushiSwap/Uniswap/Yam/Compound/OpenZeppelin and their licenses apply. The list of contracts with a brief description is as follows.
HubToken: Uses token function and COMP/YAM voting function.
MasterChef: Deposit LP to the pool.
SushiMaker: Collect income, convert to HUB, send to <SushiBar>.
SushiBar: HUB stake to get more HUB.
Migrator: Transfer from Uniswap to SwapHub using LP tokens.
GovernorAlpha + Timelock: Governance element from Compound.
UniswapV2: UniswapV2 contract with minor modifications for migration.

For More Information
https://swaphub.finance/
https://medium.com/@swaphub
https://twitter.com/swaphubfinance
https://t.me/swaphub

Author
https://bitcointalk.org/index.php?action=profile;u=2850992