After more than a year of heads-down development, we’re finally ready to share our Mainnet Launch plan with AshSwap community.
I. Launching Time
The time for the launch is Friday, February 17, 16:00 UTC at https://app.ashswap.io/
II. StableCoins
We will have 3 stablecoins available on the AshSwap mainnet:
- USDC (xBridge)
- USDT (xBridge)
- BUSD (xBridge)
xBridge Information
Bridge Description: we will have xBridge (Elrond Ad Astra Portal) for sending tokens to the MultiversX blockchain and to AshSwap. At the moment, only USDC is available on xBridge, and USDT and BUSD briding options will be available before the AshSwap Mainnet Launch. When that time comes, we will make an announcement and provide a detailed guide.
👉  Link: https://multiversx.com/blog/ad-astra-portal-elrond-ethereum-bridge-goes-live
Guide How-to: the process is very intuitive, you can review it, along with great explanations, in this great video guide by Carpathian Stake: https://www.youtube.com/watch?v=h1uOJaD2Gdw&ab_channel=CarpathianStake
III. Product Features
Existing Features
- Pool V1 (Stable-swap)
- Liquidity Provision
- Liquidity Staking (Farming)
- Governance Staking
- Yield Boosting
You can now test these features on AshSwap devnet at: https://devnet.ashswap.io/
Releasing Features
Ready at launch
- Pool V2 (Curve V2) for volatile tokens
- DAO
- Any tokens listing
- Bribe
The details of new features will be published soon on our Medium before the launching date: https://medium.com/@ashswap
IV. Launch Timeline
DAO - 12:00 UTC, Feb 13th
The DAO will be launched a few days earlier to the pools launch. veASH holders can start voting for the pools they would like to receive ASH. The results will be used to determine how much ASH each farm receives.
A tip is to vote for the pools in which you are interested in becoming an LP.
Add Liquidity - 16:00 UTC, Feb 17th
Users can start adding liquidity and farming.
On the launch date, we will launch 3 pools simultaneously.
- USDC/UDST/BUSD (Stable-swap)
- ASH/USDT (V2)
- EGLD/BUSD (V2)
Farming Start - 14:00 UTC, Feb 18th
The 3 farms associated with the 3 pools will start producing ASH rewards for Liquidity Stakers.
Trading Start - 16:00 UTC, Feb 18th
Users can start swapping tokens through 3 launched pools.
ASH Reward Pool will also become claimable at this time.
Other Token Listing & Bribe
After the launch, AshSwap is open to listing other tokens. Details will be released later, and projects can contact us for a potential listing.
V. Events for Launching
1. ASH Staking Reward Pool
In anticipation of the big day, we will organize a prize pool of 2,000,000 ASH for our veASH holders. Make sure to join and take advantage of this unique chance.
Event Timeline
- Event starts: 15:00 UTC – January 21
- End of event: 16:00 UTC – February 17
👉 Details of ASH Staking Reward Pool Event:
https://medium.com/ashswap/ash-staking-reward-pool-event-23bc3b45cee0
2. Launch Race
Besides the ASH Staking Reward Pool Campaign, we also have the AshSwap Launch Race Event with up to $1,000 in prizes to add to the enjoyment. Do not miss your chance!
Event Timeline
- Event starts: 15:00 UTC – January 21
- End of event: 16:00 UTC – February 17
👉 Join the event now: https://medium.com/ashswap/ashswap-launch-race-4463e9b1f47
3. APY Boosting
APR of all Pools will be boosted to 250% (x2.5 time) within 7 days of Mainnet Launch.
Event timeline:
- Event starts: 16:00 UTC – February 18
- End of event: 16:00 UTC – February 25
4. ASH Point Custom Quest
There will be 3 Custom Quests of the ASH Point Program to be launched on AshSwap Mainnet Launching day with details of custom quests as below:
Custom quest 1 – Spread the heat – 10,000 ASH Points: Help AshSwap spread the word about Mainnet Launch events. All you need to do is click on the following Gleam and complete the quests.
👉 https://gleam.io/bxumG/spread-the-heat-ash-point-custom-quest
Custom quest 2 – The great Traders – 20,000 ASH Points: Join the exchange on AshSwap DEX with a trading volume generated of over $7,000.
Custom quest 3 – Raise your voting power: Stake ASH and get rewarded with ASH Points. The amount of ASH Points received will be proportional to the number of veASH you hold:
| veASH amount | ASH Point Reward |
| 625 | 30,000 |
| 1,250 | 63,000 |
| 1,875 | 94,500 |
| 2,500 | 129,000 |
| 3,750 | 198,450 |
| 5,000 | 270,900 |
Event timeline:
- Event starts: 16:00 UTC – February 18
- End of event: 16:00 UTC – March 04
About the ASH Point Details, please kindly check this article: https://medium.com/@ashswap/ash-point-program-cda19cb2a1e3 or https://blog.ashswap.io/ash-point-program/
V. Events for Launching
1. Liquidity Provision
Users can choose one of the 3 pools to provide liquidity (become LPs). You should be aware of the fact that even though the trading fees might be more significant in the 2 V2 pools, LPs might suffer more impermanent loss.
2. Farming
After providing liquidity, you will receive a receipt for the liquidity provisioning (LP tokens) and can participate in the liquidity mining program (farming) by staking LP tokens to the farms. ASH tokens will be distributed to the farms with the ratio determined by the DAO.
3. Governance Staking (veASH)
By staking in governance staking and getting veASH, users can have many benefits and are able to join the DAO to govern the farming metrics.
👉 Please note that veASH is not a transferrable token. You can see the number of veASH you have on the AshSwap web app.
- Emission Voting:
- The more veASH used to vote for a pool, the more ASH rewards that pool will get. So if you have veASH and happen to be an LP, you can vote for the pool you’re in to get more rewards.
- Yield Boosting:
- You can use veASH to boost your farm weight up to 250% and your yields accordingly. The needed veASH to boost will be shown in the app.
- Revenue Sharing:
- 50% of trading fees from all pools will be distributed to veASH holders in the form of stablecoins (technically the LP tokens of the stablecoin pool).
- Bribing:
- Apart from all the above benefits, our bribing feature allows anyone to bribe veASH holders to vote for their farms. For example, if the owner of a project with token AAA wants to deepen the liquidity in the pool AAA/USDT, he might give x amount of AAA as a reward for anyone who votes for the AAA/USDT farm.
VII. Useful Links
- AshSwap dApp: http://app.ashswap.io/
- AshSwap Docs: https://docs.ashswap.io/
- Features Walkthrough and Guides: https://docs.ashswap.io/guides/features-walkthrough
- Token Info: https://explorer.multiversx.com/tokens/ASH-a642d1
- Smart Contract Audit Report from Runtime Verification: https://github.com/runtimeverification/publications/blob/main/reports/smart-contracts/AshSwap.pdf
VIII. FAQ
All the data will be converted from devnet to mainnet on Feb 17
It will be on our mainnet, in Governance Staking for you
You can buy it directly on https://xexchange.com/swap
