Empowering DeFi: Marswap's Unique Approach to Decentralized Exchange and Ecosystem Development

Empowering DeFi: Marswap's Unique Approach to Decentralized Exchange and Ecosystem Development

Rob H Masons, Crolon Mars project manager, explores Marswap's innovative approach to decentralized exchange (DEX) operations, emphasizing its commitment to user empowerment, community support, and ecosystem development within the Shibarium network.

What distinguishes Marswap from other decentralized exchanges (DEXs) in the crypto trading landscape, particularly in terms of its approach to user experience and functionality?

R: Marswap employs a flat fee on all transactions rather than the typical 0.3%. This means that if you are trading $1 or $1m the same fee applies. We see this as the way DeFi should be moving by handing the power to the people rather than the exchanges. To further give evidence to this we have recently launched a V2 where all liquidity providers receive a portion of the transaction fees. This comes from our end and isn't from the pockets of projects.

Could you elaborate on the role of SHIB in shaping the vision and operations of Marswap, and how it influences the platform's development?

R: Shib is home for us and will forever be so. Some of our team was in the original Shiba breeds leadership team, some of us invested in the same year it was launched and therefore did very well financially from it. Ryoshi's vision is now our vision and this is for 'teh people'. Our team wants to give back to a space that has been so giving to them and fortunately thanks to SHIB we are able to not concern ourselves with profits but the advancement of Crolon Mars, Marswap, Shiba and DeFi.

How does Marswap plan to ensure swift and secure trading on the Shibarium network, and what measures are in place to minimize transaction fees for users?

R: As well as the flat fee structure and fee sharing for liquidity providers, Marswap is launching a cross chain aggregator as well as furthering the DEX onto more chains (currently Shibarium, Ethereum. BASE, BSC, Polygon).

Can you provide more insight into the automated market maker (AMM) model that Marswap intends to implement, including how it functions and its benefits for traders?

R: We find it strange how a user adds their liquidity, maybe they are a project or maybe they are a community member helping their project, yet the platform takes a fee from all trades and in most cases the user doesn't receive any of these fees. This isn't the platform's fees, it belongs to the user. This is why we ensure that all liquidity providers receive a portion of the platform's fees based on their ratio of the pool. Again, for teh people.

Besides offering typical trading functionalities, such as liquidity pools and farming opportunities, how does Marswap plan to differentiate itself as a comprehensive DeFi solution?

R: We are very proud of our DeFi platform which includes the token creator, pre-sale launcher and multidrop tool. With little developer skills anyone can create a token using our 'off the shelf' contracts, raise a pre-sale with the optional auto liquidity add and lock, and airdrop to seed round investors as an example. Marswap is a vertical of Crolon Mars, another vertical is Crolon Mars the Metaverse which we have big plans and even bigger surprises in store.

Could you elaborate on Marswap's plans to serve as a launchpad for startups on the Shibarium network, including the support and resources it will provide to foster innovation?

R: We see DeFi as a space for all and not simply those who have developer skills. We want to set it so that if you have an idea, bring it to Marswap. We implement the tools to allow those with an idea to bring it to life. At the same time we realise there are security issues that need to be mitigated which is why we added an optional auto liquidity add and lock.

In what ways does Marswap aim to contribute to the growth and development of the Shibarium ecosystem beyond facilitating trading activities?

R: Shiba is Shiba, Marswap is Shiba. We are here to help in any way we can towards the inevitability of Shibarium mass adoption. We will continue to build based on Shibariums needs. We will continue to reward the Shib Army just as we have with Shiboshi and SHIB staking. We will continue to build outwards onto other chains and into Web2 as we believe that 'new' money is what will elevate Shiba, the original vision laid out by Ryoshi and the plan put into action by Shytoshi.