Hashflow is a decentralized exchange that is extremely interoperable (DEX). It connects to several of the top blockchains and layer-2 networks and offers MEV-protected trading with minimal slippage and a low entrance barrier. By integrating a noncustodial crypto wallet such as MetaMask, anyone can trade assets on any blockchain with low friction using the platform. Several popular DEXs use the automated market maker (AMM) model to make peer-to-peer trading easier. However, Hashflow utilizes a novel request-for-quote (RFQ) approach to enhance capital efficiency and prevent users against temporary loss and slippage.
In addition, Hashflow's RFQ approach permits market makers to obtain liquidity through off-chain pricing functions protected by cryptographic signatures. In turn, this model enables market makers to apply advanced pricing methods that minimize AMM-related risks such as slippage, temporary loss, and volatility.
Hashflow was started in August 2021 by Varun Kumar, who was formerly an aerospace engineer at NASA and is now the company's CEO and founder. Victor Ionescu, who used to work as a software engineer for Facebook and Airbnb, and Vinod Raghavan, who previously worked as a consultant for Morgan Stanley, JPMorgan Chase, and Goldman Sachs, make up the other two co-founders. Along with these executives, there is a large team of software developers and engineers working to improve Hashflow.
One of the main issues that Hashflow helps to solve is the inefficiency of the AMM structure that most DEXs use. Unlike centralized exchanges, DEX does not determine prices using an order book. Instead, these networks depend on automated algorithms known as AMMs to match potential traders.
The biggest problem with this structure is that it's very inefficient. Price differences occur due to delays in connecting traders and deals. This disparity is called slippage in the DEX market. Slippage can accumulate over time. As a result, it is one of the things that DEX users complain about the most.
Hashflow fixes the slippage difficulties by using a new pricing model. The model offers zero slippage and fast transactions without compromising security.
Another typical concern on other DEXs is high gas fees. Many of the best-performing DEXs are on the Ethereum network. Until recently, the network's gas fees were among the highest on the market. Hashflow uses a more advanced blockchain network and a fee structure with no commissions to make trading much cheaper.
Hashflow claims that it differs from traditional decentralized exchanges that utilize an automated market maker. The exchange emphasizes that AMMs are "inefficient with capital, often vulnerable to risks like sandwich attacks and temporary loss, and can't price non-spot assets." Request-for-quote (RFQ) is the pricing model used by Hashflow instead. In an RFQ approach, experienced market makers handle liquidity pools, while liquidity providers enjoy exceptional efficiency and safety. In particular, the exchange moves pricing off-chain, which enables them to incorporate data such as historical asset prices and volatility. This makes asset prices more accurate and gives users a better trading experience.
HFT is the native token of the Hashflow protocol and is used to unlock functionalities inside the Hashflow ecosystem, including: Governance: Hashflow governance is built on a vote-escrow (VE) token paradigm in which voting rights are defined by the quantity of HFT staked and the length of time HFT is locked. Staking tokens gives users the ability to vote on and administer the protocol's future. Rewards and in-DAO health: The Hashverse is the world's first story verse-powered, gamified DAO and governance platform. Staked tokens will be utilized to determine users' health indicators within the Hashverse. The protocol will give rewards to the most active members of the community, and their Hashverse existence will be a big part of getting these rewards.
DATE NEWS/EVENTS IMPACT 17/02/2023 Hashflow goes live on Paraswap, DeFi aggregator +24% Increase 07/11/2022 Hashflow (HFT) is now listed on Binance and MEXC Global +1150% Increase
Hashflow is one of the most promising decentralized exchange projects in the market right now. It's backed by some impressive investors and started by some well-known people, and it has quickly attracted a lot of traders. With advantages such as 0% slippage and bridgeless cross-chain trade, this DEX is likely to stay around. Even if you like the characteristics of other exchanges better, its governance token might be worth looking into. Hashflow has enough power to make its HFT token a good investment.
Hashflow