June 3, 2021 – New York, New York
Decentralized exchange and yield farming platform MakiSwap has reached $50 million in total value locked (TVL) within three weeks of its launch on Huobi Eco Chain (HECO).
The liquidity flooding into the four pools was such that the automated market maker (AMM) saw over $23 million locked within just three days of launch.
Initially, liquidity pools included MAKI-HT, MAKI-HUSD, HT-HUSD and LAYER-HT – though ETH-HUSD, BTC-HUSD, USDT-HT and USDT-HUSD pools have since been added.
The highest APY currently offered is 2,624% for the MAKI-HT pool. Most liquidity has gone into the ETH-HUSD pool that is currently amassing over $11 million in TVL and which offers an APY of 190.88%.
The Unilayer-powered MakiSwap protocol became the first dedicated AMM on HECO when it launched on May 28, 2021. As well