Ethereum (ETH) and Curve DAO (CRV) are two DeFi tokens in the crypto ecosystem. Ethereum is a blockchain protocol that supports smart contract development. Several tokens have been launched on its blockchain since its inception.
Curve DAO is a stablecoin DEX and an AMM for liquidity management. HypaSwap (HYPA) is a non-custodial liquidity protocol built on the Ethereum (ETH) blockchain. HypaSwap’s features make the token a potential gem in the DeFi ecosystem. Let us discuss some of these features.
Why HypaSwap (HYPA) Will Gain Traction Like Ethereum (ETH) And Curve DAO (CRV)
HypaSwap (HYPA) grants lenders and borrowers access to swap assets on the blockchain. Lending with Hypaswap yields interest for every locked asset. Borrowers also exchange borrowed assets for collateral from the liquidity pool.
HypaSwap’s main focus is borrowing and lending. In order to minimize the risks of fraud or default loans, borrowers are mandated to overcollateralize loans and lenders are paid with the interest rate.
HypaSwap has an inclusive governance system where users can partake in decision-making and implementation through votes.
HypaSwap is keen on executing a comprehensive structure so community members can engage in staking and swap their collaterals.
HypaSwap is working towards building a safe platform for users. They have come up with a BugBounty program. With the increased rate of fraud and cryptojacking, HypaSwap’s concern for user safety is understandable. Users are hereby offered tangible incentives for reporting cases of bugs and other issues that could affect their ecosystem and protocol.
There are some rules guiding a user’s eligibility for BugBounty rewards. Users should be at least 18 years of age; underage users can only be eligible for rewards when parents or guardians authorize reports. Any reported bug has to be unique or new in the system, and the reporter must also be the first to make such reports before they can be rewarded.
Users should be skilled enough to supply the necessary solutions to the issues reported. The users must be free of any criminal records. The users must not be affiliated with former or current employees of HypaSwap. Reporting underlying problems in already reported bugs is not allowed. Users who purposely cause harm to HypaSwap’s ecosystem will not be rewarded.
HypaSwap (HYPA) is a goal-oriented platform, and they have sectioned their mission into six phases.
The first phase is the product MVP Launch. The MVP launch is geared towards familiarizing users with HypaSwap’s protocols, features, and functionalities. This phase is crucial as it will improve HypaSwap’s popularity and user experience.
The second phase is the token generation event. This will be an exclusive event for the $HYPA tokens to be generated on the Ethereum (ETH) blockchain.
The third phase is for product development. This is the part where HypaSwap’s skilled developers will move their ecosystem from an MVP to the integration stage.
The fourth stage is for wallets and yields integration. After deploying the mainnet, HypaSwap will focus on wallets and yields for their users. This will give them access to earn and borrow assets and also keep their holdings.
The fifth stage is the token listing on DEX. The $HYPA coin will be listed on DEX for users to buy and store with guaranteed anonymity.
The sixth stage is the HypaSwap DAO launch. This will mark the conclusion of the team’s role and entrust their growth into the community’s hands.
Many tokens built on the Ethereum blockchain are known for requiring high gas fees for each transaction. An example is Curve DAO. Despite the fact that the platform has attained profitability through yield farming and liquidity mining, users still battle with high gas fees. Unlike Curve DAO (CRV) and many other Ethereum-based tokens, HypaSwap has low gas fees. You can buy the HYPA token with ETH on its presale and earn an 11% bonus.