MoonbaSwap is a cross-chain AMM DEX protocol for exchanging tokens based on OneLedger and its bridge chain, which eliminates “trusted” intermediaries and provides a platform for faster transactions. MoonbaSwap can generate around 4000 tps throughput, which is much faster than what other dexs can provide.
MoonbaSwap combines multiple liquidity sources under a common liquidity aggregation algorithm, running entirely on-chain in a trustless and decentralized manner.
Liquidity providers of the MoonbaSwap protocol are incentivized by native reward tokens, which gives them more incentive to increase liquidity and keep the DEX running.
Anyone can provide MoonbaSwap with a new source of liquidity. As an open source application, it is possible to contribute directly to the MoonbaSwap codebase.
MBA is a utility and governance token used to reward liquidity providers on MoonbaSwap. Unlike most other reward tokens, MBA is burnt by transactions and the supply decreases over time.
The 0.3% transaction fee per swap on MoonbaSwap is used to buy back $MBA tokens, which are then burned. Initially, 85% of the burned $MBA tokens are redistributed to liquidity providers, but over time this will drop to zero within 5 years.
100% of the gas fee collected in OLT will be burned. Therefore, OLT's gas model is inherently deflationary, as the circulating volume reduces the amount that is burned in the gas bill each day.
MoonbaSwap is built on the OneLedger network with a focus on interoperability that connects the rest of the crypto ecosystem.
The OneLedger public chain is built on the DPOS consensus and has great rewards in terms of staking and authorization. The community can benefit from low transaction fee costs, the high performance of the network, interoperability with other chains, delegation and staking rewards, and OneWallet’s superior features.
access：MoonbaSwap testnet.
Link your metamask wallet
accessRopsten Claim ETH testnet tokens
arrivechainlist Add OLT testnet.
accessOLT Claim the test token OLT.
Conduct cross-chain transactions, swap, provide liquidity, cancel liquidity and other operations.
For the tutorial on MoonbaSwap testnet operation, please check the official website：medium
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