MakiSwap Set To Launch First AMM and Yield Farming Platform on Huobi Eco Chain
May 12, 2021 — MakiSwap is launching the first fully-fledged swap platform on Huobi Eco Chain (Heco), the Ethereum-compatible smart contract blockchain backed by Huobi.
MakiSwap offers users a comprehensive decentralized exchange and yield farming platform. The AMM was designed with the professional trader in mind, and includes limit orders, advanced charting tools, analytics, and more. MakiSwap also features lucrative yield farming opportunities designed to incentivize users to make the jump into the new protocol and the Heco blockchain. MakiSwap was developed by Unilayer, a cross-chain DEX aggregator and DeFi ecosystem.
MakiSwap will launch on Huobi Eco Chain on May 20th to become a pillar of its fledgling DeFi ecosystem. The Huobi-backed blockchain has attracted considerable interest in China and the Asia-Pacific region, offering some of the highest yields and attractive DeFi offerings as blockchains like Binance Smart Chain received similar attention in the West. The PancakeSwap exchange on BSC came to rival and surpass Uniswap by key usage metrics due to the higher throughput of the Binance-backed blockchain.
“Heco has been a hidden gem for all this time due to its focus on the Asian community, but its adoption statistics easily rival those of Ethereum or BSC,” said Geo, founder of Unilayer and MakiSwap. “As BSC starts falling out of favor due to its performance issues, we are confident that MakiSwap and Heco will become the new household names of DeFi elsewhere in the world.”
MakiSwap is backed by a number of prominent investors and projects in the crypto space, including Kenetic Capital, LD Capital, NGC Ventures, Polygon Network, DAO Maker, Momentum 6, AU21 Capital and others. The project recently collected $1.4 million in funding from institutional and private investors.
At launch, MakiSwap will introduce yield farming incentives for its most valuable liquidity pools. Liquidity providers to HT/MAKI and LAYER/MAKI will be eligible for additional MAKI rewards. In addition, holders of Unilayer’s LAYER token will receive an airdrop of MAKI proportional to their stake. MakiSwap is currently live on Heco’s testnet, available at https://app.makiswap.com/.
MakiSwap is the leading AMM exchange on Huobi Eco Chain, developed and launched by Unilayer, a cross-chain liquidity aggregator and unified interface for decentralized exchanges. MakiSwap’s governance token is MAKI, distributed fairly to all holders of Unilayer’s LAYER token. MakiSwap includes an advanced set of features like limit orders and advance charting to offer the best experience for professional DeFi traders.
This will help you create the narrative that MakiSwap has the potential of being as big if not bigger than PancakeSwap on Huobi Eco Chain.