The foremost Automated Market Maker (AMM) is about to be introduced on the new Huobi Eco Chain (Heco) in the form of MakiSwap. Similar to PancakeSwap on Binance Smart Chain and Uniswap on Ethereum, MakiSwap will allow users to swap between different Heco assets quickly.
However, there is a big difference between MakiSwap and the competition mentioned on other chains. MakiSwap will be upgraded to allow professional trading tools such as limit orders – providing users the opportunity to place orders to be filled if their set trigger price is hit. This feature is missing from other AMMs, and they require traders to be at their station if they would like to place a trade, making it extremely cumbersome to manage trading positions. Additionally, MakiSwap will also have advanced charting tools and analytics.
In addition to being an AMM, MakiSwap is also a Yield Farming platform with emissions of around 81.25%, compared with just 54% on PancakeSwap. In fact, MakiSwap has set itself up to become a strong rival for other AMMs such as PancakeSwap with higher emission burns and treasury rewards:
MakiSwap is set to launch on the Heco chain on May 20th and become one of the leading platforms for the entire blockchain that has attracted considerable attention in China and the Asia-Pacific region.
Upon launching, MakiSwap will provide yield farming incentives for liquidity pools such as HT/MAKI and LAYER/MAKI.
The AMM was developed and launched by Unilayer, a unified interface for decentralized exchange. Its governance token, MAKI, will be distributed fairly to all holders of the LAYER token.
The entire project is backed by several notable investors in the cryptocurrency industry, such as Kenetic Capital, LD Capital, NGC Ventures, Polygon Network, DAO Maker, Momentum 6, and AU21 Capital. Together, they raised around $1.4 billion in funding.