Hello Hives,
It's time to make an official announcement about the latest Swap Service named KSWAP.APP. As you may already know, we previously introduced a swap service named uswap.app.
If any error, please contact us @CORE-VAULT Discord Channel or send a discord message to theguruasia#8947.
It's time to make an official announcement about the latest Swap Service named KSWAP.APP. As you may already know, we previously introduced a swap service named uswap.app.
What is the main difference between USWAP & KSWAP?
The main difference between Uswap.app and Kswap.app bridges is that while Uswap is based on fixed fees and rewards, the Kswap bridge uses a formula to provide dynamic fees and rewards.Defines Your Expectation
With Kswap.app, we have introduced a new feature that can protect you from paying higher fees than you expected. Now, you can define your expected swap amount in the memo section, and if the bridge can reach that amount, it will process the swap. Otherwise, you will receive a refund.The Formula We Used
BASE_FEE = 0.001; DIFF_COEFICIENT = 0.005;You can use a similar method to find the swap amount for "hive_to_receive" as well.diff = ((hive_to_swap * 0.5 + hive_in_pool) / (shive_in_pool + hive_in_pool)) - 0.5;
adjusted_base_fee = Math.max( BASE_FEE * (1 - 2 * Math.abs(diff)), 0 );
price = 1 - 2 * diff * DIFF_COEFICIENT;
shive_to_receive = hive_to_swap * price * (1 - adjusted_base_fee);
Fees & Liquidity
The initial liquidity of the bridge is set at 50,000 Hive/Swap.Hive. The maximum fee will be 0.5%, and the maximum reward will be 0.5% at the Kswap.app Bridge. Similar to Uswap.app, this bridge also provides rewards if you send funds to the lower liquidity side of the bridge, but you should not forget that this bridge contains a 0.1% base-fee, which can be 0.0% if bridge is totally unbalanced.Refund Process
Similar to the Uswap.app, we are using two refund strategies here. First, we are trying to make refunds through an automated mechanism. If that fails, we will process manual refunds.Ownership & Partnership
I (@theguruasia) am the owner of Kswap.app and have received investments for the required liquidity. The bridge is now online, and you can try it out to see how it works. If you experience any issues while using our services, please don't hesitate to contact us. We have already created a new channel for Kswap.app.Contact Us
- @theguruasia's Discord Link - theguruasia#8947
- Kswap Support - Discord Channel
If any error, please contact us @CORE-VAULT Discord Channel or send a discord message to theguruasia#8947.
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