Review on Mooniswap by Adedamola Adeniji
Mooniswap Has Great Potential of Becoming The Next Generation Most Effective Decentralized Exchange To Use
Just think of an exchange platform that can make loss impermanent and bring reward to liquidity providers.
Mooniswap Exchange developed by 1inch team brings these to you while solving also the slippage problem
As a trader on Mooniswap, it allows you to earn a portion of price slippage profit, which is made possible with the help of virtual imbalances, by moving the profits that arbitrageurs usually captured to liquidity
Via its AMM which moves part of all price slippage profit not taken by arbitrageurs into a virtual balance that all LP shares.
Mooniswap is truly the game changer, here's why, users of all class are helped to earn more on the liquidity
Talking about charges, Mooniswap is very low charged, you just need to pay 0.3 percent fees for all swaps, I can make bold to tell you that Mooniswap is making giant stride towards making its charges 0 percent and when that is done it will become the most effective decentralised exchange to use.
Your security worries are catered for because it is armed with virtual balance otherwise known as VWAP oracles which makes it impenetrable for fraudsters.
I strongly recommend this Exchange to you.
Pros
- It protects traders from front running attacks.
- Allow users to make frictionless switch between token in fully decentralized and non custodial means.
- Liquidity providers on Mooniswap earn passive income.
- Referral fee to encourage users.
- No form of additional fees aside swap fee and referral fee.
Cons
- Users operating anonymously can make it attractive to fraudsters.
