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AshSwap is a decentralized exchange on Elrond designed for swapping stablecoins with low slippage and small trading fees. Beyond that, it seeks to push DeFi further by improving yield behavior and enabling special token-driven use cases. AshSwap is based on the same mathematical approach used by Curve Finance, while adding new ideas intended to support better user experience, higher capital efficiency, and a stronger token structure.
AshSwap splits the fees it collects into 2 portions. Half is distributed to the LP token holders involved in the trades, and the remaining 50% goes to veASH holders. This setup motivates users to stake the governance token in order to receive shares of the protocol’s revenue.
ASH is the governance token of AshSwap.
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