Various function of HubDAO platform - https://app.hubdao.io
2.1 🌉 Dashboard
The Dashboard displays the status of the HubDAO platform and HD token.
Platform status : Maximum APY / Trading Volume / TVL
HD status : Price / Circulating supply / Remaining quantity to be mined / Total Burned HD
2.2 🔁 Exchange Hub
The exchange hub is the basic foundation of HubDAO AMM DEX. Users can create desired trading pairs and supply liquidity from the exchange hub at any time and any place. After the liquidity supply, anyone can freely exchange (Swap) and supply additional liquidity with each pairs. The address that supplied liquidity to each trading pair will be given an LP token as a evidence for the liquidity supply.
Swap : Exchange tokens through generated liquidity pools.
Liquidity : It is a part that creates a new trading pair for the first time or adds liquidity to an existing trading pair. Liquidity removing also takes place in this area.
Bridge : It is a function built through a partnership between HubDAO and Poly Network. Users can crosschain assets between Ethereum and HECO through this bridge.
The first liquidity supply is the same as the creation of a transaction pair (token listing), and the token is priced through the ratio between the two tokens at the time of the transaction pair creation, so the first liquidity provider must set the token supply ratio carefully.
LP token: A token that proves the ownership ratio of the wallet for each liquidity pool.
The price of the token is determined through the exchange rate of each pair of transactions.
At HubDAO's AMM DEX, transactions are carried out in a swap manner through a pool of liquidity. Therefore, depending on the results of other users' transactions, liquidity providers can receive different amounts of tokens when removing liquidity.
2.3 ⛏ Stake Hub
The stake hub is the part where user can conduct yield farming through staking assets. It consists of yield farming and community pools.
2.3.1 Yield Farming : Users can stake LP tokens and receive yield in this section. For the participating on the yield farming activity, users should provide liquidity on the exchange hub. after they received LP tokens as results of liquidity providing, users can start yield farming activity through staking those LP tokens on each farms.
2.3.2 Community Pool : Community Pool is a section for farming with single tokens staking. Users can farm HD, HDT and other tokens using various single tokens on top of Huobi Eco Chain.
Users can stake HD on 'Auto HD' pool. it automatically compounds staking rewards: any HD you earn will be harvested and re-invested in the same pool for users. The annual interest rate is calculated as compound interest, so the interest rate is expressed as APY on the 'Auto HD' Pool.
APR : APR does not take into account the compounding of interest within a specific year. It is calculated by multiplying the periodic interest rate by the number of periods in a year in which the periodic rate is applied. It does not indicate how many times the rate is applied to the balance.
APY : Unlike APR, APY does take into account the frequency with which the interest is applied—the effects of intra-year compounding.
APY= (1 + Periodic Rate)Number of periods – 1
2.4 🎉 Prediction Hub
2.4.1 What is Lottery?
The HubDAO platform contains a game element called 'prediction hub'. This is a lottery system built with the slogan "Buy To Earn". Users can purchase ticket(5HD per ticket) and receive the prize fund according to the following rules.
Lottery treasury : 1,000 HD is transferred from the Ecosystem lottery treasury Fund Wallet to lottery Contact every sigle day.
Rollover Prizes : After every round, if nobody wins in one of the prize brackets, the unclaimed HD for that bracket rolls over into the next round and are redistributed among the prize pools.
Ticket Purchases : 100% of the HD paid by people buying tickets that round goes back into the prize pools
2.4.2 Prize funds
1st winner : maches all 6 numbers - 40%
2nd winner : maches first 5 - 20%
3rd winner : maches first 4 - 10%
4th winner : maches first 3 - 5%
5th winner : maches first 2 - 3%
6th winner : maches first 1 - 2%
Burnning through zero address : 20%
2.5 🔋 Start-up Hub
2.5.1 What is Start-up Hub?
Startup hub is a part for encouraging early stage projects with fundraising. Startup Hub allows investors to discover excellent early stage projects and make donations and get rewards. It is called IHO and stands for Initial HubDAO Offering. Tokens used for fundraising are basically HD-HTLP tokens, but fundraising may proceed through other LP tokens or single tokens such as USDT and HT at the request of the project team.
2.5.2 Money Flow
85% of the funds raised through IHO will be given to the project.
10% of the remaining funds will be used for HD token buyback and incineration
5% for platform operating expenses including server and indexing costs.
2.5.3 Apply for start-up Hub
Please contact the project team below who wants to raise funds through IHO.
Vote is the section where HD token holders' voting rights are exercised and future policies are determined on each agenda.
There are two ways to vote through HD, which are divided into voting by core members and voting on suggestions from the community.
Analytics is the part where you can see the entire status of HubDAO AMM DEX. You can check the total liquidity, volume of transactions, transaction details for each token, and pairs. Currently, it supports English and Korean languege.
From now on, I hope you can enjoy a new DeFi ecosystem with HubDAO!