Introducing Hex.Swap: The Next Generation of Decentralized Exchanges on Hexane.finance

Decentralized exchanges (DEXs) have been gaining popularity in recent years as a more secure and transparent alternative to centralized exchanges. However, most DEXs are exclusive to a single blockchain, which can be limiting for users who want to trade assets across multiple chains.

That’s where Hex.Swap comes in. As a part of the Hexane.Finance multichain DeFi hub, Hex.Swap allows users to trade assets and transfer between any two chains. Whether you’re a beginner or an advanced trader, Hex.Swap has you covered with its two modes: Lite and Pro.

Lite Mode:

Lite mode is a simple, user-friendly interface that allows anyone to trade any asset on any chain. It’s perfect for those new to DEXs who want to get started quickly and easily.

Pro Mode:

For experienced traders, Hex.Swap offers Pro mode, which includes advanced features such as limit and market type executions to fill your order. With Pro mode, you have more control over your trades and can take advantage of market conditions to get the best possible price for your assets.

One of the unique features of Hex.Swap is the option for users to stake their HEXANE tokens and receive sHEXANE as a receipt representing their share of the pool. This pool automatically compounds and earns 15% of all trade fees, which are used to buy back HEXANE. This means that the sHEXANE to HEXANE ratio will increase over time.

Staking HEXANE and earning sHEXANE is different from liquidity providing (LP). In LP, users provide liquidity to a trading pair by holding a certain amount of both assets in a smart contract, and earn a portion of the trading fees generated by the pair. On the other hand, staking HEXANE and earning sHEXANE does not involve holding assets in a smart contract, but rather earning a share of the buyback pool based on the amount of HEXANE staked.

With the sHEXANE received from staking HEXANE, users can then stake it to earn other tokens in the pool list. The sHEXANE tokens will continue to participate in the Buyback Pool and earn more HEXANE.

In summary, the cycle looks like this: buy or farm HEXANE, stake HEXANE in the sHEXANE/buyback pool to receive sHEXANE as receipt, stake sHEXANE in pools to earn other protocols’ tokens, provide LP in the partner protocol’s farm to earn more HEXANE, and repeat.

Hexane.Finance is more than just a decentralized exchange though. It will eventually host various other internal dApps such as Hex.Bank, Hex.Reserve, Hex.Launch, Hex.Marketplace, and Hex.Privacy. Each of these dApps, along with Hex.Swap, serve a unique purpose and together they will create a comprehensive ecosystem for users to interact with the decentralized finance space.

The upcoming launch of Hex.Swap is just the beginning for Hexane.Finance. As a multichain DeFi hub, it will constantly look for ways to revolutionize the way we use cryptocurrency and provide the best possible experience for its users. From its advanced trading options to its staking and LP capabilities, Hex.Swap is leading the charge in the future of DeFi.