HoneySwap Review
What is HoneySwap
Honeyswap is network of decentralized exchanges which are supported and maintained by the 1Hive community.Honeyswap is comprised of liquidity pool contracts deployed to multiple EVM compatible chains which share common frontend interfaces that are maintained by the 1Hive community. Currently Honeyswap supports xDai and Polygon, but plans to expand support to other EVM chains and rollups in the future.
Honeyswap uses a multi-token model to manage the balance between Global and Local incentives. Development, support, and maintainence work that has Global benefits are funded using Honey from 1Hive’s common pool. Farming Rewards, where benefits are localized to a one supported chain use a Comb token which can be valued as a derivative of the volume on that specific chain.
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