🏦 Decentralized Exchange (DEX)
Honeyland is building the first-ever gamified decentralized exchange (DEX) on the Solana blockchain. The DEX will allow players to easily swap tokens, become a Liquidity Provider by providing liquidity to any token of pools that they'd like, and stake HONEY to earn staking rewards.
The Honeyland DEX, called HiveSwap, will be the protocol used in Honeyland for all exchange transactions, but will also be available to non-Honeyland players via the HiveSwap web application.
A portion of fees collected from the DEX transactions will be used for LP and staking rewards, as well as Honeyland treasury and player rewards.
As players earn HONEY in Honeyland, they’ll be encouraged to use Honeyland’s gamified DEX to participate in common DeFi activities like swapping, staking, and yield farming in a way that is both fun and easy to understand. All of these can be done directly from their main Hive in the game.
Players can go to the Honeyland store to purchase and trade ‘ingredients’ that each represent different cryptocurrencies available on the exchange.
Players can stake their HONEY to unlock in-game rewards and activities, and get access to special mints and drops.
Once players swap HONEY into other tokens (ingredients), they can use recipe cards to create Liquidity Pairs to begin yield farming. This allows players to earn commissions on DEX transactions that use their pairs.