HelioSwap – a layer two scaling and trust solution built on Uniswap
Oct 5, 2020
HelioSwap - a layer two scaling and trust solution built on Uniswap. From this article, you will know what the advantages of HelioSwap over Uniswap and the ELIO Token benefits are.
October 5, 2020 /MarketersMedia/ —
HelioSwap is an exciting and novel Layer Two Ethereum Scaling Solution providing a secure layer two Automatic Market Maker on top of Uniswap allowing for lower fees, faster transactions and bridges between chains (i.e. ERC20 – BEP20) by tokenizing on chain debt in the form of ELIO.
The Uniswap model:
Uniswap is an exchange-like protocol that allows users to securely exchange ERC20 tokens without having to use the traditional exchange order book model. Uniswap bundles tokens into smart contracts, creating liquidity pools within which other participants can trade. In just a few hours since launching its own token, Uniswap has become one of the most valuable projects in the DeFi sector.
HelioSwap layer two model:
HelioSwap operates as a second layer solution on Uniswap and other DeFi platforms and aggregates all the orders before sending them to the liquidity pools. In addition to the order aggregation, HelioSwap also has an integrated order matching engine which matches the order in layer 2 and only sends the remaining order to Uniswap and other exchanges.
Advantages of HelioSwap over Uniswap
Guaranteed Liquidity Locks
First time liquidity providers and verified contract owners must lock a minimum of 50% liquidity for 6 months - no more rug pulls.
Inbuilt dextools
Enjoy the feel and look of a centralized exchange with full featured charting, social media sharing & live buy and sell feeds with the liquidity of multiple AMM's.
Trust Ratings & Instant Logos
Verified contract owners receive an instant logo with listing and HelioSwap algorithms give each project a trust rating. Trust rating applied to each listing is based on team information, locked liquidity %, mint functions & % of total supply offered as liquidity, detailed team/founder information, website links, ATH/L, marketcap and fully diluted valuations.
HelioSwap protocol benefits:
• Lower trading fees — Aggregating orders distribute the transaction fees across multiple users and can lower it by up to 80%
• Layer-2 matching — Orders can be matched an executed on layer 2
• Lower slippage — Aggregating platforms provider larger liquidity pool to execute orders
• Privacy trading — Orders are matched without on-chain knowledge of the trade
• Faster transactions — HelioSwap is a faster way to swap assets
• Liquidity mining — Earn ELIO tokens when you trade on HelioSwap
Tokenizing on-chain debt:
Tokenizing on-chain debt allows anyone to access instant liquidity against collateral assets approved by the HelioSwap chain, assets allowed on the HelioSwap chain are voted in by HelioSwap token holders.
The system works by balancing incentives between borrowers, lenders, and guarantors, each representing a distinct and complementary position of economic exposure.
Borrowers deposit collateral and mint tokens, representing a debt obligation.
Lenders purchase the tokenized debt obligation, usually at a discount, and redeem them for face value upon maturity.
Guarantors purchase collateral at a discount, when collateral accounts fail to satisfy the collateral requirement.
ELIO Token and exchange fees:
The native token of HelioSwap, ELIO, has a maximum supply of 10M tokens and 96% of ELIO is now available in a pre launch sale.
50% of exchange fees are distributed to holders of ELIO.
50% of all exchange fees are converted to ELIO prior to distribution. 10% of all fees earned by developer wallets will be burned. The slow decrease in supply and constant buy pressure on ELIO ensures a sustainable future for ELIO holders.
Non-custodial:
HelioSwap is a non-custodial protocol where users maintain their own private keys and are in complete control of their assets and trades. In essence, HelioSwap elegantly combines the order aggregation, liquidity aggregation, and layer 2 matching engine to optimize transaction fees, lower slippage, and create privacy trading on Ethereum blockchain.
HelioSwap Competitive Features
Faster transactions & lower fees
Superior transaction speed with layer two integration and much lower fees from aggregated order books.
Non - custodial
Trade using your private keys via metamask in a trustless way with complete security
Exchange aggregated order books
Have a centralized exchange experience in an AMM with automated liquidity pool aggregation
HelioSwap Pre-Launch
HelioSwap is currently raising funds prior to the launch of our custom built automatic market maker. To ensure a fair launch for all investors, ELIO Tokens are available pre launch at a rate of 1000 ELIO - 1 ETH. Please go to helioswap.org for more details.
Contact Info:
Name: HelioSwap
Email: Send Email
Organization: HelioSwap
Website: https://www.helioswap.org/
Source URL: https://marketersmedia.com/helioswap-a-layer-two-scaling-and-trust-solution-built-on-uniswap/88979283
Source: MarketersMedia
Release ID: 88979283
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