Thread by @KvngJayce

@hummusdefi is the Next Gen decentralized AMM for stableswaps. An amazing innovation built on the @MetisDAO ecosystem. What is @hummusdefi all about?
Let's take a dive.
A THREAD.

@hummusdefi is a Single-sided and decentralized AMM designed for exchanging stable cryptocurrencies on the @MetisDAO Blockchain.

Now you're wondering what it means by being Single-sided.
Single-sided simply means you can provide liquidity or stake a single token instead of staking a pair of tokens in a liquidity pool. Cool right?

WHAT MAKES HUMMUS UNIQUE?
1. Single-sided Liquidity provision: as explained earlier, @hummusdefi allows you as a liquidity provider to provide only a single token(stables) to the liquidity pool and still receive fascinating rewards as incentives.

2. Ultra-low Slippage For traders: As we may know, slippage is what happens when you have settled for a price that is different from what you initially requested. Or we could say it is the difference between the price you intended to pay and the final price you pay for an asset.

Slippage is as a result of high volatility of an asset. Ultra-low Slippage is possible with @hummusdefi because it is stable coin oriented.

3. No impermanent Loss for Liquidity providers: impermanent loss which is common with liquidity pools in Defi is not an issue to be bothered about with @hummusdefi because it deals with stables.

4. veTokenomics: @hummusdefi also adopts the veToken model, giving more value to it's native token $Hum and your stables as well.
This means that when you stake your stables on @hummusdefi you get rewarded in $Hum which you can trade, farm and also stake.

When you stake $Hum you earn $veHum which then boost your stable farm yields.
Absolutely amazing.

The roadmap is also very simple and attainable.

IDO is ongoing on @netswapofficial and @hummusdefi would be having a Beta Launch 18th April, 2022.
Get your stables ready guys it's going to be a massive one.
Join up Telegram for more details: Hummus DeFi
News: @hummusdefinews
hummus.exchange
t.me/hummusdefi

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#Hummus #Metis

@josefabregab 🚀