The Merger of USWAP.APP and KSWAP.APP: Swap Processes

Hi All,
We are planning to merge USWAP.APP & KSWAP.APP swap services under USWAP.APP on 04th of October (Next Wednesday), around 02:00 - 04:00 UTC time.

Why Merge?

With USWAP.APP, we initially followed the strategy of Static Fees & Rewards. However, this module became challenging when the market showed less fluctuation. As a result of that, we had to frequently adjust swap bridge Fees & Rewards.

This situation could potentially lead to complications, because our services are utilized by different scripts. As a solution, we have decided to implement Dynamic Fees & Rewards for the swap service.

KSWAP.APP has successfully implemented Dynamic Fees & Rewards for the swap bridge. Therefore, we have made the decision to merge both swap services under USWAP.APP & implement Dynamic Fees & Rewards across the board.

How To Calculate Fees & Rewards?

Here, we are showing you how to tune up your script to find the Fee & Reward details based on your swap amount.


// You can retrieve the below json data from :- https://fee.uswap.app/fee.json
{
  "BASE_FEE": 0.001,
  "MIN_BASE_FEE": 0.0005,
  "DIFF_COEFFICIENT": 0.005
}


let inputVal = 0.0 //enter the value (Hive or SHive)
let expResult = 0.0 //the receive swap amount
let HIVEPOOL = 0.0 //Hive amount in the pool
let SHIVEPOOL = 0.0 //SHive amount in the pool
if(selectedSymbol == "HIVE")
{
    var diff = ((inputVal * 0.5 + HIVEPOOL) / (SHIVEPOOL + HIVEPOOL)) - 0.5;
    var adjusted_base_fee = Math.max( BASE_FEE * (1 - 2 * Math.abs(diff)), MIN_BASE_FEE );
    var price = 1 - (2 * diff * DIFF_COEFFICIENT);
    expResult = (inputVal * price) * (1 - adjusted_base_fee);
    expResult = Math.floor(expResult * DECIMAL) / DECIMAL;
}
if(selectedSymbol == "SWAP.HIVE")
{
    var diff = ((inputVal * 0.5 + SHIVEPOOL) / (SHIVEPOOL + HIVEPOOL)) - 0.5;
    var adjusted_base_fee = Math.max( BASE_FEE * (1 - 2 * Math.abs(diff)), MIN_BASE_FEE );
    var price = 1 - (2 * diff * DIFF_COEFFICIENT);
    expResult = (inputVal * price) * (1 - adjusted_base_fee);
    expResult = Math.floor(expResult * DECIMAL) / DECIMAL; 
}

What Will Happen To KSWAP.APP?

We will process automated and manual refunds if someone accidentally sends swaps there.

If you experience any errors or issues while using the bridge, please don't hesitate to contact me at any time.

If you are using a script to swap between bridges, please make the necessary changes (define the amount you wish to receive from the swap) to avoid additional fees in case the bridge is unbalanced.

^{If any error, please contact us @CORE-VAULT Discord Channel or send a discord message to theguruasia#8947.}

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^{Contact Us : CORE / VAULT Token Discord Channel}
^{Discounted Bridge : The Lowest Fee (0.09%) Hive | Swap.Hive Bridge}
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