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. 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). 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:
Minting 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.
Tokens for minting must be listed on Noahswap.
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.
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.
hUSD 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:
hUSD can only be paired with HAM, which is Noahswap's native token deployed on the BSC chain and compliant with the BEP20 standard.
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.
HAM HAM is Noahswap's native token, deployed on the Binance Smart Chain (BSC), and is compliant with the BEP-20 standard. There is some key point to take note about HAM:
HAM can be staked to receive veHAM. veHAM grants voting rights and enables participation in protocol revenue sharing.
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.
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