Our second day was really lively,When was the last time you saw this situation?Let's return to the authentic meme,It's time to wake up.
0x684a1768c8d0098811017b7812c23978dd58c276
$HYPE has positioned itself as the crown jewel in crypto with how value accrues to its token. They leverage a high-intensity buyback and burn program that takes nearly all protocol revenue and uses it to buy back and remove supply from the market. The value accrual to holders is thus scarcity and price appreciation, however, hype holders don't receive any cash flow type dividends.
ethereum:0x89cf5c1b3bc04ea54795b37a85258f1dfc9c31df takes this model a notch higher by enabling a dual internal mechanism enabled by uniswap v4 hooks. The 5% house edge on swing buys and sells, along with LP fees accrue to the ETH settlement pool, which is retained in the protocol. The ETH in the pool is never used to buy back and burn the SWING token, because it doesn't need to. Instead it just compounds and grows over time, driving value to SWING stakers. Meanwhile, the SWING settlement pool serves as the engine of removing supply from the market, as the 5% house edge serves as the natural engine of removing supply from circulation. The more volume this pool sees, the faster SWING is removed from the circulating supply.
The SWING staking protocol ties everything together. Stakers earn dividend payouts anytime users hit multipliers ≥ 3x, as 5% above the base quote is shared with stakers. This is why its key that that ETH in the reserve isn't used to buyback and burn. As the ETH in the vault grows, it can service more volume, and the more volume it services, the more revenue is shared to SWING stakers, the more ETH accrues to the ETH vault, and the more SWING is removed from circulating supply. And as more value gets distributed to SWING stakers, the more SWING is bought from the market and staked to participate in the revenue share.
When looking at the entire picture, it's very clear how SWING tokenomics are superior to even the poster child of tokenomics in HYPE. Now we just need to see follow thru once cross chain integrations happen and hope the composability of defi sparks creative builders to build addicting dApps on top of the Swing settlement vaults.
How to Trade $Swing:
The $SWING liquidity pool is now live on Uniswap v4. Because the pool uses a custom Hook, it will not appear in the standard Uniswap interface until the Hook has been reviewed and approved.
In the meantime, we’ve added direct Uniswap v4 swaps to the SwingHook website, where you can buy and sell $SWING.
✅Trade here:
https://t.co/aPOKDgGUaH
Once the Hook is approved, regular swaps will be available directly through Uniswap and compatible wallets. At that point, we will remove the standard swap interface from SwingHook, leaving only the SwingBuy and SwingSell interfaces.