Article Summary, Automatically Generated By AI
About YuzuSwap
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Decentralized exchange
on Oasis Emerald paratime with incentives like liquidity and trade mining. -
Core Features:
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Fair Launch:
No pre-mine, all tokens mined block by block from genesis, with halving every year. -
Trade Once, Mine Forever:
Trade mining mechanism based on TPST (trading pool share token). -
Buyback:
80% of 0.3% transaction fee goes to buyback smart contract to maintain YUZU token price. -
DAO Vault:
20% of transaction fees go to DAO vault, usage
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Introducing YuzuSwap: Revolutionizing Decentralized Trading
Introducing Yuzu: A Revolutionary Force in the Cryptocurrency Realm
YuzuSwap is a decentralized exchange situated on the Oasis Emerald paratime, boasting incentives such as liquidity and trade mining. Operating on a non-custodial, peer-to-peer, automated market maker model, YuzuSwap strives to offer a secure, rapid, and cost-effective solution for discovering and swapping tokens within the Oasis ecosystem. The YuzuSwap platform remains fully accessible to developers and members of the Yuzu DAO, fostering a collaborative environment.
Core Features: Fair Launch
Notably, our network boasts a truly decentralized launch, devoid of any pre-mine. Each token is meticulously mined, block by block, from the genesis block onwards. This egalitarian approach extends to team, foundation, and investor tokens as well. Furthermore, the token supply is designed to halve every year, ensuring a sustainable and balanced ecosystem.
Trade Once, Mine Forever: YuzuSwap’s innovative trade mining mechanism is built upon a TPST (trading pool share token) framework. When users engage in incentivized trading pairs, they accumulate a TPST balance, akin to an LPT (liquidity provider token), serving as tangible evidence of their trading activity. In each block, they receive trade mining tokens proportionate to their TPST share. Notably, if users opt not to claim their trade mining rewards, their TPST balance remains intact, continually generating rewards in each block until they decide to claim them, at which point their TPST balance resets to zero.
A total of 0.3% of each transaction fee will be allocated towards a buyback mechanism. Of this amount, 80% will be channeled into a smart contract designed to execute a token repurchase strategy. This contract is programmed to trigger the buying of YUZU tokens when the market price falls below the 72-hour average, thereby stabilizing the token’s value. As the accumulated transaction fees grow, the YUZU token’s price is expected to benefit from increased support.
DAO Vault The remaining 20% of transaction fees will be allocated to the DAO vault, with its utilization determined by a vote among YUZU token holders. Potential applications of the DAO vault include incentivizing developers to create tools for YuzuSwap, co-investing in other Oasis-based projects, and acquiring insurance for YuzuSwap, among other possibilities.
YuzuSwap boasts infinite extensibility, seamlessly integrating with any Oasis-based projects. For example, users can collateralize their LPT (liquidity provider token) on Oasis’ upcoming lending protocol, thereby regaining liquidity. Alternatively, they can borrow LPT from the lending protocol to mine YUZU tokens, mitigating concerns of potential impermanent loss. The DAO vault may opt to purchase insurance for YuzuSwap pools, ensuring coverage in the event of unforeseen incidents. Promising new projects on Oasis can apply for IDO/IFO listings on YuzuSwap, providing a novel means of community-driven fundraising. Holders of YUZU tokens will exercise voting power, determining which projects are eligible for IDO/IFO launchpad listings, as well as the allocation of mining pools to new tokens and the corresponding percentage distribution.
The total supply of YUZU tokens is capped at 500 million, with a carefully structured allocation plan. Specifically, 70% of the tokens will be gradually released through liquidity mining and trade mining pools, while 10% will be reserved for the team, 10% for the foundation, and 10% for early-stage investors.