With the release of various DeFi protocols including Uniswap, yEARN, Compound, Mooniswap, and Balancer, DeFi is rapidly growing to a level that can threaten the sustainability of the centralized exchange.
Coming this situation, you need to pay network congestion in Ethernet Leeum to 2 ETH per transaction, high-GAS commission trend of taxing retail investors is under Go to TRON and EOS have invested more ecosystems sell simply to buy a coin from a centralized exchange It is being built .
An exchange called Hu.com announced the release of Hooswap, an open liquidity market making system based on the wallet of Hoo Exchange, to respond to the DeFi boom caused by Uniswap .
- Hooswap of Hu.com Exchange: https://hoozh.com/hooswap/exchange#
First of all, according to what was revealed on Hu.com, Hooswap has the following features.
(1) Hooswap is an infrastructure built by the Hoo.com exchange and is not connected to a specific chain, so there is no separate on-chain gas fee.
(2) As all trading pairs of Hooswap support wallets on the Hoo.com exchange, they are free from the risk of trading scam coins, enabling safer transactions .
(3) Since Hooswap can basically support cross-chain swap (transaction between Hu.com wallets), a separate cross-chain protocol is not required, and fast swap is possible.
Currently, Hooswap has released a public beta version, and you can try it yourself from the link above. It seems that it will not give a great advantage to those who have used other DeFi platforms yet.