Name: Netswap
SKU: NETT
Price: 0.414803676881 USD

Netswap is a decentralized exchange that runs on Metis Andromeda (Layer-2). As the core value exchange place, Netswap uses the same automated market-making (AMM) model as Uniswap. However, unlike Uniswap, Netswap is a native Layer2 DEX, which will utilize the key features of Metis Layer2, including low transaction cost, high transaction speed, and high scalability to support variously bridged and Layer2 native tokens, and more innovations. For every transaction made on Netswap, a 0.3% transaction fee will be charged, in which 0.25% will be rewarded to LPs, and 0.05% will be collected by the platform.Netswap has a native governance token called NETT that is fully community distributed and is capable of trading all tokens issued on Ethereum and Metis Andromeda.

Netswap

Netswap is a decentralized exchange that runs on Metis Andromeda (Layer-2)

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Layer 2 scaling solution Metis has announced a plan to compensate users affected by last month’s PolyNetwork bridge hack. The project will distribute 117,000 METIS tokens to impacted community members. At the same time, Metis is implementing an enhanced cross-chain architecture using LayerZero’s OFT model. Recapping The PolyNetwork Exploit On July 1st, a hacker exploited […]

Netswap NETT

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Metis Provides Support for Users Affected by PolyNetwork Exploit While Improving Cross-Chain Structure