Mochiswap is going to be the first of its kind on Harmony ONE & the Team is headed by a reputable Dev (remember, Hashparty is a big validator on ONE). First movers in general did well (Think of Uniswap on ETH & Pancakeswap on BSC). Being deployed on BSC & utilizing bridges it is aiming to directly compete with the big guns Uni & pancake, leveraging cross-chain liquidity pools.Liquidity provider can farm mochi tokens and then stake the earned tokens to earn from the trading fees. 1/3 of the fees are paid out to Mochi stakers, the other 2/3 are paid out to liquidity providers.The token is hovering close to $340k MarketCap, at just over 3cent per Mochi (ATH at the beginning of farming was 90c). Currently, the liquidity farmers have a 25x bonus period that will end at about 15.5m supply, which will be in just under a week. The current supply is about 11m and the max supply is 100m, which is finite and will be reached in about 5 years.The main competitors Mochiswap aims to take on are Uniswap & Pancakeswap. Using the harmony-ETH bridge, Mochi will offer a much faster & cheaper alternative to UNI (With 2 second finality & fractions of a cent in tx cost).Uniswap is currently valued at over $8bn, that's a 22.000x from Mochiswap's $360k market cap. They just have to capture a fraction of the volume to be the investment of a lifetime. But till the full ONE dex is in place it'll take a while, for now Pancakeswap on BSC is a more direct competitor, which they will tackle with competitive fees and lucrative staking rewards. Pancakeswap is valued at $1.6bn, that's 4.444x from the current Mcap. Again, just a fraction of it and...
MochiSwap V2 DEX Staking Rewards
API & Analytics
Harmony ONE DEX / Liquidity Pools
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