Hello Hives,
We have changed the Fee & Reward structure of USWAP.APP and pushed it to the live server. With this update, we have introduced three major changes, which you can find as follows:
Regarding swaphive.github.io/swap, we haven't made the necessary changes to make it compatible with the latest script version. As a result, we strongly recommend using uswap.app (please perform a hard refresh) until we announce the changes on swaphive.github.io/swap.
Here are the changes that we have implemented with the latest update:
We have introduced three tiers of bridge fees and rewarding mechanisms as follows: 1st tier => Until the bridge reaches 15% of the total liquidity requirement
- 0.0% Fee & 0.37% in Hive/Swap.Hive Reward & 0.01% in Vault Reward
2nd tier => Bridge liquidity between 15% - 80% of the total liquidity requirement
- 0.1% Fee & 0.01% in Vault Reward
3rd tier => Bridge more than 80% of the total liquidity requirement
- 0.4% Fee & 0.01% in Vault Reward
With these changes, you can now earn a 0.38% instant reward by adding liquidity to the bridge.
We have removed the VAULT swap from uswap.app
We plan to introduce a separate mechanism to swap VAULT to HIVE or SWAP.HIVE. In the meantime, you can use hive-engine or tribaldex to trade VAULT tokens.
We have added a mechanism that allows you to select the maximum fee you wish to pay for the swap
By default, the fee is set to 0.4%. This means that if you wish to swap while the bridge is 80% full of liquidity on the side you wish to swap, the maximum fee you need to pay is 0.4%.
Please note, this doesn't mean you need to pay 0.4% every time. It will be the highest fee you have to pay if the bridge is unbalanced.
If you experience any errors/issues while using the bridge, don't hesitate to contact me anytime.
If you are using a script to swap between bridges, please make the necessary changes to avoid additional fees if the bridge is unbalanced.
If any error, please contact us @CORE-VAULT Discord Channel or send a discord message to theguruasia#8947.
