> For the complete documentation index, see [llms.txt](https://noahswaps-organization.gitbook.io/noahswap-en/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://noahswaps-organization.gitbook.io/noahswap-en/overview/introduction-to-noahswap.md).

# Introduction to Noahswap

Do you hold any tokens that have experienced a significant decline in value? Perhaps you acquired these tokens at their peak, and now you find yourself managing a portfolio of underperforming assets that appear challenging to recover, especially given the current market conditions or simply because the timing isn't ideal for these assets to experience a significant increase, even if the fundamentals are strong.\
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The truth is, almost everyone in the crypto space has a few or more tokens that have significantly lost value. These tokens are what we refer to as undervalued assets (UA). \
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Introducing Noahswap, you can now use your UAs to earn a maximum of 200% APY on the value of your assets.

## What does Noahswap do?

Noahswap is a permissionless asset compounding protocol where users can recover a portion of their losses or even make a profit from their assets by using it to mint Noahswap's native unique stablecoin, hUSD.

There are 3 main parts to understand before interacting with Noahswap:

1. Minting \
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   In decentralized finance, minting refers to the process of creating or generating new tokens by depositing collateral or assets into a smart contract or liquidity pool. In Noahswap, it works similarly but with additional requirements. <br>
   1. Tokens for minting **must be listed** on Noahswap.
   2. Users are **required to provide USDT** along with the tokens in order to mint, **based on the  Token:USDT ratio** which is determined by Noahswap governance.
   3. **After a successful minting process, users receive hUSD**. The amount of hUSD received depends on the minting period and the values of the tokens and USDT used during minting.

2. &#x20;hUSD\
   &#x20;\
   hUSD is a synthetic asset within the Noahswap ecosystem that can be synthetically minted using any token listed on Noahswap, paired with USDT, based on the token:USDT ratio. It is not directly pegged to the USD or backed by any assets to maintain its value; however, it was intended to operate in the same way as a algorithmic stablecoin.\
   \
   There is some key point to take note about hUSD: &#x20;

   1. hUSD **can only be paired** with HAM, which is Noahswap's native token deployed on the BSC chain and compliant with the BEP20 standard.
   2. hUSD **is a synthetic asset**, which means it has no trading value. Its value is derived by mirroring the price of USD, and it is used as a means to give users a stable return on their investment.&#x20;

3. &#x20;HAM\
   \
   HAM is Noahswap's native token, deployed on the Binance Smart Chain (BSC), and is compliant with the BEP-20 standard.\
   &#x20;\
   There is some key point to take note about HAM:&#x20;
   1. **HAM can be staked to receive veHAM**. veHAM grants voting rights and enables participation in protocol revenue sharing.&#x20;
   2. HAM **currently has only two pairs**: veHAM/HAM and HAM/USDT.
      * hUSD/HAM pair is single-sided from hUSD and is irreversible, meaning that HAM cannot be converted back into hUSD.
      * HAM/USDT pair is double-sided; this liquidity pair is currently available only on Coinstore, a centralized exchange. In the near future, the HAM/USDT pair will definitely be added as a liquidity pair on decentralized exchanges such as Uniswap.