What Is Hadeswap?
Hadeswap is an Automated Market-Maker (AMM) on the Solana blockchain that aims to improve the liquidity of the NFT ecosystem and enhance the trading experience.
Background
Hadeswap came to market in 2022.
How It Works
Hadeswap facilitates trading on decentralized exchanges (DEXs) by continuously buying and selling assets based on pre-determined rules. This contributes to price stabilization, especially for smaller or less liquid collections. Users can create liquidity pools on Hadeswap to buy/sell NFTs or pool NFTs and SOL tokens to earn trading fees. Creating a pool on Hadeswap is permissionless, meaning anyone can do it.
Hadeswap is designed to provide a new source of revenue for NFT investors and traders, allowing them to create markets for NFT collections of their choice. In this setup, Market Makers collect 100% of the fees generated by the protocol.
Key Takeaways
- Hadeswap is an Automated Market-Maker (AMM) on the Solana blockchain designed to improve the liquidity of the NFT ecosystem and enhance the trading experience.
- As a decentralized protocol, Hadeswap allows users complete control over their decisions and outcomes.
- It provides a new source of revenue for NFT investors and traders, allowing them to create markets for NFT collections of their choice.
- Hadeswap facilitates trading on decentralized exchanges (DEXs) by continuously buying and selling assets based on pre-determined rules, contributing to price stabilization.
- Users can create liquidity pools on Hadeswap to buy/sell NFTs or pool NFTs and SOL tokens to earn trading fees, and anyone can create a pool since it’s permissionless.
