HELISWAP, Made DeFi Easy

By SamEngr | The Overview Crypto And Blockchain | 19 Aug 2023

With the news around SEC, regulations, and compliance in relation to the crypto and blockchain industry following the activities within the space, Centralized Exchanges have been the major affected entities as many have been closed and some move their operation away from some areas to continue rendering their services to their user.

On the other hand, decentralized exchanges cut away KYC or central authority interaction as it only requires users' non-custodial wallets to connect and interact with a financial solution attached to such DEX.

Let's Talk About One of the DEX today..... HELISWAP

What Solution HELISWAP Brought To Crypto Market?

Heliswap is an open-source decentralized exchange platform Hedera ecosystem to support tokens within the network/blockchain. Many are familiar with Uniswap, so Heliswap won't be strange to you because its codebase is derived from a fork of the Uniswap v2 protocol which brings in some of the most popular DEX features on Hedera Hashgraph.

Before we look into these features, the design of Heliswap focuses more on the community and the need of its users. This means user experience on the platform is important to the team, as many DeFi platform accessibility scares many away from leveraging the potential of making a profit in their DeFi investment. Heliswap is offering a trustless, secure, and transparent DeFi experience, but also allows all members to be part of a vibrant and engaged community. This is a brainer, Zealy task was launched recently to increase community engagement, and project awareness with amazing rewards attachment.

Heliswap Features

1. The Decentralized Exchange: This is the number one feature of Heliswap. It allows users to conduct token swaps of all manner between ERC-20, HTS, and HBAR tokens. As a DEX you need a wallet to interact, so as a user, you start by creating a wallet via Hashpack.

Gain access to Heliswap solutions through the following step:

Create a wallet on Hashpack
Click on DAPPS and navigate to DEX's & Bridges Category
Search for Heliswap and click on the love icon to add it as your favorite
Done... Access Given!

2. Single-Sided Staking: This is the naked staking of the utility token. $HELI is the utility token of Heliswap and holders can easily stake this on Heliswap and earn up to 42% APR. The single-sided staking is in phase 1 and the closing of the phase will be on 22nd August 2023 9though the team can extend the closure). As the crypto market is in a bearish state, Single-sided staking is one of the ways to boost one's profit in the crypto market.

3. The Liquidity Pools: On Heliswap, every user has free access to supply liquidity and earn transaction fees because it has an automated market maker and everyone can trade digital assets in an automatic and permissionless manner. If you are new to liquidity providing, it has to do with two tokens/coins. User deposit the same value($$) of two assets into a liquidity pool smart contract and depositors receive a liquidity pool token (LP token) that represents their portion of the existing liquidity in the pool.

4. The Yield Farms: This is an attachment of the No 2 feature. As a liquidity provider, you can earn extra rewards by staking the LP token received after you have provided liquidity, therefore generating a passive income on a daily basis.

At Heliswap, there are unique bonus attachments to this. The team offers a multi-tiered reward structure in which each Yield Farm will also reward users with HBAR and OM tokens as a reward for being early adopters. These rewards vary by yield farm. Do you want to learn more? Join the community.

5. Heliverse: This is a standalone product set aside to create and combine many different use cases for $HELI. Watch out for its launch. You can follow the project on Twitter.

Additional Features for Businesses & Project Owners

1. Lockdrops: $HELI was launched via lock drop and the concept has been proven within the community and the MANTRA community is in this one for sure. With the successful launch of $HELI via this means, the team decide to be a facilitator and help other projects launch their tokens through a community-driven, decentralized lock drop launch with a natural price discovery. As a project owner who wanted to leverage this approach, reach out to the Heliswap team for further discussion: [email protected]

2. Claimdrops: One of the problems the crypto community has is a fair system of rewarding its community for executing tasks. Heliswap, built a feature that allows anyone to reward their users for certain actions.

In conclusion, the crypto market is bloody at the time of writing this article but bagging some $HELI and staking it can be one of the best actions to carry out. However, I am not a financial adviser, see all this as an educational piece for you to leverage and do your own research.

HELI is on Polygon and you can provide liquidity on QuickSwap

For more details about Heliswap DEX: https://www.heliswap.io