Goal:
Swap was introduced with the goal to facilitate the exchange of Harmony's native token, $ONE, with other HRC20 tokens, with equal or lower slippage than, and without custodial dependence on, Binance. This goal should alleviate the frictions found in using off chain intermediaries while offering the most competitive exchange rates, encouraging ecosystem participants to build and utilize the network. Currently, a $400
Metrics:
To Calculate: Liquidity required to handle peak median transaction size on Uniswap v3 with lower slippage than on Binance today.
Steps:
- Determine median transaction size on Uniswap v3 in USD. $500
- At Peak (30 day median)
- At Trough (30 day median)
- Last 30 days.
- Determine average slippage when buying and selling #1.a worth of ONE on Binance calculated in percentage.
- Determine liquidity required for a user to transact #1.a while maintaining slippage below #2.