Starknet Changer Profile picture
Feb 15, 2022 10 tweets 8 min read Read on X
UBESWAP THREAD STORM

1/ What is Ubeswap

@ubeswap is the first AMM DEX protocol in the @CeloOrg ecosystem. At its core, Ubeswap enables Celo users and applications to trade between any two tokens based on the Celo Blockchain. Ubeswap launched in February 2021

#CELO $UBE WHAT IS UBESWAP
2/ Tokenomic

$UBE is the governance token of Ubeswap. @ubeswap rewards liquidity providers with UBE tokens. Total Supply: 100M $UBE, Ube is used in the case Protocol Incentives, #Governance, #Staking

#CELO Ubeswap Tokenomic
3/ How does Ubeswap work?

An AMM functions similarly to an order book exchange in that there are trading pairings, such as CELO/$UBE. You interact with a smart contract that creates the market for you.

#CELO How does Ubeswap work?
4/ Pricing algorithm

@ubeswap defines the cure algorithm by following a formula similar to x*y = k (fixed constant number), which means that the overall liquidity of the pool must always be constant.

#CELO $UBE Ubeswap Pricing Algorithm
5/ Liquidity Pools
Adding liquidity on Ube, you will receive 0.25% of all trades involving the pair you added to pools. Fees are added to the pool, accrue in real-time, and can be claimed by withdrawing your liquidity. After UIP-2 0.05% of total trading fees is used for buybacks Ubeswap Liquidity Pools
6/ Backer

A few famous investors of @ubeswap are Polychain, Bitcandy, The Passive Trust,  Tango, Validator Capital, WOTrust.

#CELO $UBE Ubeswap Backer
7/ Ubeswap Roadmap

Going forward, @ubeswap will remain committed to providing decentralized liquidity to the #Celo community and beyond. Ubeswap Roadmap
8/ Ubeswap Potential

@ubeswap is one of the Celo ecosystem’s first AMM projects

Ubeswap TVL is currently about $37.21M, which increased over 2,620% The TVL of the Celo ecosystem with volume and liquidity quite impressive will continue to develop in the time come

#CELO Ubeswap Potential
9/ Similar Projects

You can compare Ubeswap’s product quality and the possibility of a future price increase. Other projects that also provide similar AMM services as @ubeswap include: @Uniswap @PancakeSwap
@RaydiumProtocol @_DFyn @traderjoe_xyz ++

#CELO Ubeswap similar projects
10/ For more details about UbeSwap, you can read more from their medium: medium.com/ubeswap/

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