MiaSwap | Channel (EN)

📣 Exciting News: MiaSwap V3 Testnet is Here! 📣 We're thrilled to introduce the community to the first Testnet version of MiaSwap V3 - the leading decentralized exchange on the @ONUSChain network. 👉 Dive in now at: https://testnet.miaswap.io/ 💎 MiaSwap V3 is a completely upgraded DEX version, bringing a multitude of innovative improvements for both traders and liquidity providers. Some key highlights of MiaSwap V3: ✅ Transaction fees reduced by up to 25 times compared to V2 ✅ Increased profitability for liquidity providers ✅ Enhanced capital utilization efficiency up to 4000% ✅ Smart Router providing the best exchange rates through intelligent transaction routing Furthermore, several new tools will be added to enhance user experience, making it more flexible, easy, and user-friendly 🛠 During this testing phase, we eagerly look forward to enthusiastic participation and valuable feedback from the community.

📗 What is Concentrated Liquidity? (P1) Concentrated Liquidity is one of the biggest improvements in the MiaSwap V3, which could open many new opportunities for liquidity providers (LP). Difference in liquidity model between V2 and V3👇 💻 At V2, the AMM model x*y=k shows some limitations, especially the capital efficiency of LPs. The feature of the x*y=k curve is that liquidity is created from 0 to infinity, users can swap tokens with any price and volume. However, in reality, the price does not run from 0 - infinity but often fluctuates in a range. So for most pools, a majority of this liquidity is never put to use E.g: The USDT/VNDC pair usually runs between 23,000 - 24,000. So liquidity is outside of that range: lower than 23,000 and higher than 24,000 are not used. 💻 At V3, instead of providing liquidity from 0 - infinity, now LPs will provide 1 or more desired price ranges, for example 23,000 - 24,000 for USDT/VNDC pair. Thus, with the same amount of capital, LPs can provide liquidity with a much larger volume within custom price ranges. 💎 With this feature, LPs can provide liquidity with up to 4000x capital efficiency relative to V2, earning higher returns on their capital. ➡ Specific benefits for Liquidity Providers at V3 will be updated in the next part.

MiaSwap V3 is coming soon 🙋 🚀 The better version of MiaSwap will be deployed in this July with many outstanding improvements: ✨ Concentrated Liquidity ✨ Multi-tier fees ✨ Range Orders ✨ Smart Router Don't miss our upcoming updates 😉

Strategic partnership: MiaSwap x Magic Square 💜 After a while of discussion, MiaSwap team officially announced the strategic partnership with Magic Square - The leading Web3 App Store on BNB Chain. 🤝 Through the partnership, users are now able to access MiaSwap through the DApp Magic Store and start trading or Yield Farming! ➡️ Try out MiaSwap on Magic Square: https://magic.store/app/miaswap

🔥 Burned more 8,097,877 MIA tokens! MiaSwap team just burned 7th with the quantity of 8,097,877 MIA at 10:27:17 PM +7 UTC today. Thus, until now there are nearly 56.94 million MIA burned to remove from circulation. Currently, there are only 7.7 million MIA in circulation in the market. 🔎 Tx Hash of burning transaction this week: https://explorer.onuschain.io/tx/0xb6f4fdeb02e5152efbab396dd4cbea362de32e033fd540f21d1f8253777bbc8a/token-transfers