We are excited to launch the first Automated Market Making DeFi protocol on Reddit Arbitrum made especially for Reddit Community Points (RCP)!MOOND LOGORCPswap will enable you to Provide Liquidity and do Swaps between RCPs while everything is done in decentralized way by smart contracts on Reddit Arbitrum network.RCPswap.com is the interface in which you can interact with the deployed smart contracts:RCPswapV2-Factory.sol 0x54a745c41643163b3788A6C77eeB1021Ab3dBc0FRCPswapV2-Router.sol 0x129122bae348cF6Cd4867E7372CA19d310361c65Token ListThere are 3 basic functionalities:Swap - Simple swapping between 2 tokens that you choose.Pool - Here you can add or create liquidity for 2 tokens(pair), after you provide liquidity, you will receive LP-Token which represents your share in the pool for that specific pair. People who create / add Liquidity are called Liquidity Providers (LP).Bridge - Because Reddit Arbitrum is Layer 2 on top of Ethereum Rinkeby Testnet, we have to bridge tokens from other blockchains to enable you making and participating in the market. Currently MOOND is bridgeable from/to Binance Smart Chain, our main goal is adding stablecoin which is easily accessible to anyone while having low txs fees.Swap RCPsFees to Swap: The Swap fee is 0.9% and it’s divided between Liquidity Providers - 0.75% and MoonsDust Treasury - 0.15% (MOOND Buy Back & Brun).Metamask is a must for interacting with RCPswap, you need to add Reddit Arbitrum and the tokens you will use.Why would someone be LP?LP receive 0.75% of each trade on RCPswap!Other reason is LP are making and supporting the market which is heavily needed for RCPs.Provide LiquidityWhat Next?Adding Stablecoin, New Design and Logo, Migrating MoonsSwap from HoneySwap to RCPswap, TheGraph Api integration + Analytics page, listing on CoinMarketCap and CoinGecko. These and more will be available on MoonsDust’s Roadmap soon.
Submitted December 24, 2021 at 07:52AM
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