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YuzuSwap is a decentralized exchange on the Oasis Emerald paratime that includes incentives like liquidity and trade mining. It follows a non-custodial, peer-to-peer, automated-market-maker model and aims to provide a safe, swift, low-cost tool for discovering and swapping tokens within the Oasis ecosystem. The YuzuSwap platform is fully open to developers and members of the Yuzu DAO.
Core Features:
- Fair Launch: There was no pre-mine, and all tokens are mined block by block from the genesis. This includes team/foundation/investors tokens. Additionally, the amount of tokens mined in each block will halve every year.
- Trade Once, Mine Forever: YuzuSwap's trade mining mechanism is designed based on a TPST (trading pool share token). Users who trade in incentivized trading pairs receive a balance in TPST, similar to LPT (liquidity provider token), as evidence of trading. They will receive trade mining tokens in each block according to their share of TPST. If the user does not claim the trade mining rewards, the TPST balance will continue to mine in each block until the user chooses to claim the rewards.
- Buyback: 80% of the 0.3% transaction fee goes to the buyback smart contract. This contract triggers buying YUZU tokens if the price drops below the 72-hour average. The accumulated transaction fees contribute to maintaining a healthy YUZU token price.
- DAO Vault: The remaining 20% of the transaction fees goes to the DAO vault, which is used based on the voting of YUZU token holders. Possible uses include incentivizing developers, co-investing in other projects on Oasis, and purchasing insurance for YuzuSwap.
- Infinitely Extensible: YuzuSwap can be integrated into any projects on Oasis. For example, users can collateralize their LPT on the upcoming lending protocol on Oasis and regain liquidity. They can also borrow LPT from the lending protocol to mine YUZU tokens without worrying about potential impermanent loss. The DAO vault may opt to purchase insurance for pools on YuzuSwap to provide coverage in case of unexpected incidents. Promising new projects on Oasis can apply for IDO/IFO on YuzuSwap to raise funds from the community. YUZU token holders will vote on which projects go live on the IDO/IFO launchpad and allocate mining pool resources to new tokens.
- Tokenomics: YUZU token's total supply is capped at 500 million. 70% will be mined block by block from liquidity mining and trade mining pools, 10% will go to the team, 10% to the foundation, and 10% to early-stage investors.
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