[ About Bunny swap]
Bunny swap is the first decentralized trading protocol, empowering traders, liquidity providers & developers to participate in an open financial marketplace with no barriers to entry. No one needs permission to use the open-source BUNNY Protocol.
Besides, BUNNY is a decentralized exchange platform powered by the PMM (Proactive Market Maker) algorithm. It features highly capital-efficient liquidity pools that support single-token provision, reduces impermanent loss, and minimize slippage for traders.
BUNNY is a next-generation on-chain liquidity provider, PMM to provide pure on-chain and contract-fillable liquidity for everyone.
The trading platform also offers SmartTrade, a decentralized liquidity aggregation service that routes to and compares various liquidity sources to quote the optimal prices between any two tokens. In addition, Bunny swap removed all roadblocks hindering liquidity pool creation for the issuance of new assets – asset ratios, liquidity depths, fee rates, and other parameters can all be freely customized and configured in real-time. Based on this breakthrough, BUNNY has developed Crowdpooling, a permissionless, equal opportunity liquidity offering mechanic, as well as customizable technical solutions geared towards professional on-chain market makers.
[ Product Description ]
Bunny swap is owned and operated by its community as a decentralized autonomous organization. The Bunny Protocol is governed via a democratic and transparent voting system which allows all stakeholders to get involved and shape Bunny’s future.
BUNNY’s decentralized exchange product suite consists of SmartTrade trading and aggregation, Swap, Staking, and Liquidity Mining (which include liquidity mining, trading mining, and combiner harvest mining). It is integrated with various wallet applications through which users can interact with the platform.
Built on Binance Smart Chain (BSC), Bunny swap NY enables trading between two arbitrary tokens on the same network. The SmartTrade feature intelligently finds the best order routing from aggregated liquidity sources to give traders the best prices. Users who execute trades on Bunny swap also have the option to participate in trading mining, which rewards traders with BUNNY tokens.
Swap is an alternative transaction or exchange between different currencies and tokens … BUN/BNB, BUN/BUSD, BUN/WBNB …
However, the technical nature of Cryptocurrencies, Swap requires more technicality and new coins must operate on a newer technical structure or foundation.
Trading is instantaneous, so there’s no possibility of fraud or intentionally holding the money. In the event that either party cancels the transaction, the money will be returned to both parties after a certain period of time.
Liquidity mining, otherwise known as yield farming, represents a new way of utilizing cryptocurrencies by providing liquidity to decentralized exchanges.
In addition to the aforementioned trading mining and the traditional liquidity mining, pool creators and liquidity providers can also get involved by participating in Combiner Harvest mining, which gives BUNNY platform users readily available exposure to trending, promising projects that are willing to collaborate with Bunny swap. Vetted projects can create liquidity pools on BUNNY and liquidity providers of these pools will receive BUNNY reward tokens.
Staking coin gives currency holders some decision power on the network Bunny swap. By staking coins, you gain the ability to vote and generate an income. It is quite similar to how someone would receive interest for holding money in a bank account or giving it to the bank to invest.
+ One of the major benefits of staking coins – Bunny swap is that it removes the need for continuously purchasing expensive hardware and consuming energy.
+ The BUNNY system offers guaranteed returns and a predictable source of income, unlike the proof-of-work system where coins are rewarded through a mathematical process with a low probability of paying out. Another benefit is that the value of your staked coins doesn’t depreciate unlike with ASICs and other mining hardware. Staked coins are only affected by market price fluctuations.
How do we work? Staking – BUNNY
+ The standard methods for staking are usually holding coins in your wallet or locking them in a smart contract (master nodes). Bunny swap added randomness to the process of staking and voting so that bad players have a hard time manipulating outcomes. The process can be similar to a lottery in which the number of crypto coins you hold is equivalent to holding a given number of lottery tickets. Staking systems can also allow delegation in which each individual delegates their voting rights and earned income to a trusted party. Those delegates then earn all the rewards for block validation and pay their loyal supporters some form of dividends in return for their vote.
Proactive Market Maker (PMM) is a new chain market-making model. It is different from the non-constant function market maker model, which separates the transaction-to-asset relationship. Parameters such as asset ratio and curve slope can be flexibly set. At the same time, an oracle machine can be introduced to guide prices or price discovery by the market on the chain. It will gather more funds near the market price and provide sufficient liquidity.