Morphswap
Morphswap, the industry’s first cross-chain, decentralized, automated market-maker, just became usable to the public on Wednesday, October 12th (WHATEVER DATE). Bringing the extensibility and ease-of-use of Uniswap, to the cross-chain bridging ecosystem, Morphswap settles cross-chain swaps in under a minute, allows pairs of any tokens, and is controlled by the holders of the Morphswap governance token.
Developed with no VC funding, Morphswap aims to gain appreciable market-share in the $100B-a-year blockchain cross-chain bridge industry. With standard AMM fees of 0.3% on volume, as well as a cross-chain fee that goes directly to users facilitating Oracle communications, Morphswap is a cheaper alternative for transactions above $1000, as there isn’t multiple compounding instances of slippage, like what happens with cross-chain routers. Morphswap is also faster, with a lower time-to-finality, and average settlement time of merely 30 seconds.
To acquire liquidity, allowing the facilitation of swaps and the accumulation of volume, Morphswap’s governance token is being distributed to liquidity providers for the first 6 months, until all supply allocated for incentives has been given out, with most pools at the beginning receiving an APY of over 10,000%. Morphswap’s token has already appreciated 20,000% in value in the past month, and forecasts predict that this trend will continue as Morphswap continues to take an increasingly large portion of market-share from the current, centralized, slow major players.
Whitepaper
