Hashflow (HFT) is a multi-functional decentralized network that leverages a non-custodial DEX (decentralized exchange), NFT capabilities, and an innovative gamified governance strategy. Together these systems equip users with various ways to conduct commerce and generate rewards. The goal of Hashflow is to provide a more scalable and interoperable network to the crypto market.
Hashflow is a popular project in the DeFi market. The network has already cleared over $10B in trading volume. The combination of liquidity and easy onboarding has helped Hashflow retain this momentum. Currently, the network boasts over 150,000 unique wallets actively trading.
What Problems Does Hashflow Attempt to Fix?
One of the biggest problems that Hashflow helps to alleviate is inefficiencies in the AMM (automated market makers) structure used by most DEXs. DEX usually don’t have an order book like their centralized counterparts to determine prices. Instead, these networks rely upon automated systems called AMMs to match potential traders.
The main issue with this structure is that it’s highly inefficient. The delays in the process of connecting traders and trades result in a slight price difference. This difference is what’s referred to as slippage in the DEX market. Slippage can add up over time. As such, it is one of the biggest complaints put forth by DEX users.
Hashflow eliminates the slippage issues using a new pricing model. The model provides traders with zero slippage and fast trades while not sacrificing security. For traders that conduct many trades a day, slippage has been one of their biggest pains. Now, they have the option to avoid these unnecessary losses.
High Gas Fees
Another issue that is common on other DEXs is high gas fees. Many of the top-performing DEXs are on the Ethereum network. Until recently, the network had some of the highest gas fees in the market. Hashflow leverages a more advanced blockchain network and a no-commission fee structure to reduce trading costs significantly.
Onboarding Issues
Early DeFi protocols were all about functionality. They lacked the familiarity and core features that traditional CEX traders were accustomed to when swapping cryptos. As such, many people found early DEXs to be unwelcoming and confusing. Hashflow introduces an easy-to-navigate interface to the equation.
Users can find everything they need to buy, sell, and trade their favorite assets. Additionally, there are no registration or KYC requirements. This structure provides you with more privacy which is step one to keeping your ID protected online. You simply need to connect your wallet to start trading on Hashflow.
Benefits of Hashflow
There are a lot of benefits that Hashflow traders enjoy. For one, the network supports the trading of nearly any digital asset. This flexibility benefits the community in many ways, such as adding more liquidity to the DeFi market.
Interoperability
The fractured state of the DEX sector has left islands of noncommunicating assets. Hashflow creates ways to connect these networks securely. The network supports Bridgeless Cross-Chain Swaps. The assets can be MEV protected which improves usability as well.
How Does Hashflow Work?
Hashflow was created to operate on the fourth-generation Avalanche network. This advanced multi-layer network leverages three separate blockchains to improve interoperability, programmability, and performance. Notably, Hashflow enjoys the full security and scalability of Avalanche.
Hashflow DEX
The Hashflow DEX is a non-custodial crypto exchange. This designation means that you can trade from the safety of your wallet. Non-custodial exchanges continue to grow in popularity as more large CEXs continue to be found misusing customer funds. This is one of the biggest risks when you enable another party to custody your assets. Hashflow never requires you to send the network your crypto to trade. This structure means you are never separated from your coins until the trade executes.
Request-for-Quote (RFQ)
Hashflow is the first DEX to leverage the Request-for-Quote pricing model rather than an order book or AMM protocol. The main advantage of this structure is that it occurs off-chain which helps to improve performance. Additionally, it enables the process to scale vertically to meet the needs of the trading community as it expands.
NFTs
Hashflow supports the trading of NFTs (non-fungible tokens) across blockchains. NFTs are one of the most popular styles of crypto. They have found heavy use in the gaming, art, and metaverse markets. Notably, NFTs can represent any individual item including real-world items like ownership of a house or documentation. Today, the NFT market is the fastest growing in the crypto sphere. As such, it makes sense to support these next-gen crypto assets.
Token – HFT
HFT serves a few vital roles within the Hashflow economy. For one, it can be used as a cryptocurrency to send value between two parties in a peer-to-peer manner. Additionally, it can be staked to secure passive returns. Users may also pay fees with HFT and receive discounts.
Governance
HFT is a crucial element of the Hashflow governance model. Users can stake their tokens to enter into the gamified governance system. The DAO is part of a larger story-verse that enables users to secure extra returns through completing quests or tasks in the virtual realm. Interestingly, you can adjust the amount and time of your stake to replenish your avatar’s health in the game.
The gamified governance option is a game changer. It incentivizes network participation on all levels. To date, the project has been a success with users securing bonus HFT tokens for their efforts.
Final Words
There are a lot of factors driving the growing popularity of the Hashflow network, including the low fees, privacy, and no slippage. Additionally, the performance and scalability make the DEX a smart option for anyone considering a secure and easy-to-operate alternative.
