DeHive partners with Honeyswap. The DeHive team has recently established this engagement. This was part of their long-term ambition for collaborating with all of the projects in their crypto indexes.
In this approach, They want to establish genuine synergy and create a safe DeFi environment that benefits both protocols and users.
Also See : Best Apps to buy Cryptocurrency.
What is Honeyswap?
Honeyswap is an exchange and liquidity aggregator built on the Gnosis chain, designed to support the Gnosis and Polygon networks.
1Hive, an open DAO that develops dApps and protocols, created the DEX.
The Honeyswap exchange sets itself apart from its competitors with low, consistent transaction fees and a chance to earn tokens by staking them.
If a person is investing in cryptocurrencies, they might want to do it in the same way that DeHive does.
Also See : Best American Football Teams in USA, Updated 2022
Partnership details
Starting with their collaboration with de-xDai, DeHive created HNY, the governance token for the 1Hive DAO.
The HNY has been introduced as a governance token.
This currency is part of their Gnosis-based crypto index, which assists in raising the return of consumers.
DeHive’s token is up for trade on the Honey Swap DEX and shows up in the app as easily as a currency.
On the Gnosis (previously xDai) chain, Honeyswap is the sole exchange, therefore bear that in mind when utilising there platform.
In addition, the Honeyswap trade bar is now accessible with complete built-in functionality in the DeHive app.
They think that this will improve the trading experience for their users and make the platform easier to navigate.
They have a relationship. They’ll work together to market the DeHive and Honeyswap initiatives, and strengthen communities.
