Thread by @rektdiomedes

Quick Thread On Interesting New Avax AMM @HakuSwap

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So... I stumbled across Hakuswap recently...

Its a new AMM on @avalancheavax...

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I learned about it from the @RugDocIO account, who did an AMA with them (below).

Apparently its the same folks that did Jetswap...

https://twitter.com/RugDocIO/status/1489806701041754112

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The protocol is basically just your classic Pancakeswap-clone... however, it seems as though Avalanche hasn't had as many of these as you would think, so was intrigued by this one.

While obviously we all love innovation, I think the more variety the better...

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So was glad to find @HakuSwap, even if they haven't tried any revolutionary new angles or mechanisms with the site...

At this point apr's are still quite good... especially on WETH and WBTC pairs...

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There's only one 'Pool Two' - $HAKU / $AVAX - and its currently at 890% apr...

$HAKU price has gone from .32 to .40 to .22 in the two weeks I've been aware of it...

Current MC is 630k and TVL is 5.2M.

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I'm not sure if @HakuSwap has been added to aggregators like @OpenOceanGlobal, but that could be a catalyst for increased swap fees and such if they are.

It also sounds like the team has various ideas to potentially ship later on.

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But ya, interesting protocol!

I have no meaningful positions in it but wanted to shine a light on it for folks, with that said, as always, NFA and DYOR and all that good stuff :)

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