Hoskyswap

HoskySwap

HoskySwap is an Automated Market Maker (AMM) Swap enriched with proprietary cross-chain bridges, staking, and lending functionalities.

HOSKY harnesses the capabilities of the Binance Smart Chain to construct smart-contract-based cross-chain bridges connecting BSC with other blockchain networks. This empowers HOSKY users to seamlessly transfer their tokens across diverse ecosystems, unlocking various features and functions embedded within them. For example, with the introduction of the BSC-HOSKY Chain bridge, holders can effortlessly migrate their HOSKY tokens to the Binance Smart Chain. Here, they can engage in a spectrum of activities, including staking and swapping for other tokens.

Key Features:

Bridge

One pivotal feature of HoskySwap is to simplify cross-chain transfers to and from the Binance Smart Chain. Currently, HOSKY holders are required to use the Hosky wallet app for cross-chain transfers. With HoskySwap, they can effortlessly link their Hosky wallet with an external wallet (such as MetaMask or any WalletConnect-enabled wallet) to facilitate seamless cross-chain transfers. This lowers the entry barrier for newcomers and plays a vital role in enhancing accessibility to the fast and feeless BSC network.

Swap

HoskySwap will serve as an AMM decentralized swap on the Binance Smart Chain, enabling users to swap their tokens, even in small amounts, without the need to interact with order books. Traders can execute trades at optimal rates with minimal fees through an uncomplicated and user-friendly front-end interface.

Users will also have the opportunity to contribute liquidity to trading pairs on HoskySwap. A substantial portion of the trading fees collected on HoskySwap will be redistributed to the liquidity pools, gradually increasing the value of the Liquidity Pool (LP) tokens held by providers.

Stake

HoskySwap will introduce a dedicated in-house staking platform, operating independently from other staking platforms on the BSC and interconnected networks. HOSKY holders can stake their tokens on HoskySwap to earn HOSKY rewards, along with other coins or tokens from upcoming partners. Liquidity providers will also have the option to stake their LP tokens, further boosting their yield.

Borrow and Lend

HoskySwap will house a lending platform, enabling users to lock their HOSKY in a lending pool for others to borrow. A significant portion of the interest generated from these loans will be distributed among lenders. In the event of defaulted loans, collaterals provided by borrowers will be distributed among lenders.

From the borrowers' perspective, HoskySwap's lending platform allows them to request and utilize HOSKY while retaining ownership of their other cryptocurrencies. This eliminates the need to sell their holdings to acquire HOSKY, which can be utilized for various activities such as staking.