Honeyswap
About Honeyswap
Honeyswap is one of the best crypto tools for liquidity pooling and trading. It offers a range of features that make it attractive to both crypto trading experts and beginners. With its common frontend interfaces maintained by the 1Hive community, it allows users to seamlessly access liquidity pool contracts deployed on multiple EVM compatible chains.
Currently, Honeyswap supports xDai and Polygon, but there are plans to expand its support to other EVM chains and rollups in the future. This means that users can enjoy the benefits of Honeyswap's user-friendly interface, regardless of the chain they are operating on.
Honeyswap uses a unique multi-token model to manage the balance between Global and Local incentives. Global benefits, such as development, support, and maintenance work, are funded using Honey from 1Hive's common pool. On the other hand, localized benefits on a specific chain, such as Farming Rewards, are facilitated through a Comb token that derives its value from the volume on that chain.
When it comes to fees, Honeyswap ensures a fair distribution. Swap fees are split among different parties: 1/12 goes to Honey, 1/12 goes to the local Comb token, and the majority, 5/6, goes directly to the liquidity providers who make the swap possible.
On top of its functionality as a liquidity pool, Honeyswap also provides a range of useful tools for crypto trading. Its open-source frontend interface allows users to easily navigate through charts, making it one of the best charting tools for crypto. Additionally, Honeyswap offers advanced crypto research tools and investigation resources, empowering users to monitor and analyze different cryptocurrencies effectively.
In summary, Honeyswap is more than just a liquidity pool. It is a comprehensive platform that combines the best crypto trading tools, including advanced charting, research, investigation, and monitoring, making it an essential resource for crypto enthusiasts.
Currently, Honeyswap supports xDai and Polygon, but there are plans to expand its support to other EVM chains and rollups in the future. This means that users can enjoy the benefits of Honeyswap's user-friendly interface, regardless of the chain they are operating on.
Honeyswap uses a unique multi-token model to manage the balance between Global and Local incentives. Global benefits, such as development, support, and maintenance work, are funded using Honey from 1Hive's common pool. On the other hand, localized benefits on a specific chain, such as Farming Rewards, are facilitated through a Comb token that derives its value from the volume on that chain.
When it comes to fees, Honeyswap ensures a fair distribution. Swap fees are split among different parties: 1/12 goes to Honey, 1/12 goes to the local Comb token, and the majority, 5/6, goes directly to the liquidity providers who make the swap possible.
On top of its functionality as a liquidity pool, Honeyswap also provides a range of useful tools for crypto trading. Its open-source frontend interface allows users to easily navigate through charts, making it one of the best charting tools for crypto. Additionally, Honeyswap offers advanced crypto research tools and investigation resources, empowering users to monitor and analyze different cryptocurrencies effectively.
In summary, Honeyswap is more than just a liquidity pool. It is a comprehensive platform that combines the best crypto trading tools, including advanced charting, research, investigation, and monitoring, making it an essential resource for crypto enthusiasts.
