Hello friends, again it’s Honey and I hope you all are well, today we will study DojoSwap as a user point of view and try to learn "Why should you invest in $DOJO and even trade too" but before moving ahead I would like to tell you that most follow Injective and DojoSwap on X and join their discord servers for more updates.
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| Trade and Stake via DojoSwap | by Honey |
DojoSwap is a Uniswap-inspired automated market-maker (AMM) protocol implemented with smart contracts on the Injective blockchain. The protocol enables a decentralized on-chain exchange for various assets in the Injective ecosystem.
BUT WHAT IF WE THINKING BE LIKE - PARTICIPANTS, TRADERS, AND LIQUIDITY PROVIDER?
Participants
Users can participate in DojoSwap as traders, liquidity providers, or both.
Trader
Traders have the ability to swap their tokens for different ones via DojoSwap, with the exchange rate being set by the liquidity pool's ratio.
Liquidity Provider
A liquidity provider boosts the liquidity of a DojoSwap pair by contributing an equal value of two assets to the pool, thereby increasing the market's liquidity without altering the pool price. As a reward for this contribution, liquidity providers receive newly created LP tokens, representing their stake in the pool. These tokens come with the advantage of earning trading fees, which accrue with each swap made within the pool.
When liquidity providers wish to withdraw their portion from the pool, they have the option to burn their LP tokens.
What is DojoSwap?
DojoSwap Exchange or DojoSwap is the official web front-end interface for swapping Dojo native tokens and CW20 tokens. The web application is located here.
A wallet is required to interact with DojoSwap.
Before executing a swap in the web application, your connected wallet must have source tokens and a transaction fee. Once you generate a transaction in the proper format, you will be prompted to sign the transaction by entering your password.
How to Swap via DojoSwap?
With DojoSwap you can easily swap your token or INJ for any other token in just a few steps. I will tell you in very simple steps how you can do this and do your transaction with full security and safety.
DojoSwap provides a better interface through which even a beginner can easily swap their token without any complications.
STEP 1:
Just connect your wallet (Keplr) with DojoSwap and click on “Swap”.
STEP 2:
Select tokens like INJ/DOJO and set the amount to Swap.
STEP 3:
Click on “Swap” and “Approve” the transaction confirmation. Congrats!!!!!!
How to Provide LP via DojoSwap
STEP 1:
Head to the Farms page under Earn > Farms
STEP 2:
Stake your LP tokens into your selected farm. It should be the same as your LP tokens.
STEP 3:
Click on Deposit to approve the transaction.
STEP 4:
Your farm will display the amount and dollar value of LP staked along with the earned $DOJO emissions.
$DOJO Tokenomics
Ticker: DOJO Contract Address: inj1zdj9kqnknztl2xclm5ssv25yre09f8908d4923 Chain: Injective Token Supply: 800,000,000
Token Allocation:
- 85.5% = 684,000,000 Community Liquidity Incentive (Farms/Pools)
- 2% = 16,000,000 (Launchpad)
- 0.5% = 4,000,000 (Liquidity Forming from Launchpad Proceeds)
- 6% = 48,000,000 (Marketing and Ecosystem Grant / Airdrops / Redemption of $POINTS)
- vested over 12 months 6% = 48,000,000 (Platform Expenses / Dev Expenses / Treasury)
- vested over 12 months
Our goal of keeping deflation higher than emission is the reason why DojoSwap is integrating deflationary aspects into its products. The idea is to make that more people will return $DOJO back to circulation than the number of DOJO that are out there.
We will also be cutting back on the block emission of $DOJO in the long run especially when $DOJO prices are pegged higher. This also makes the ecosystem more sustainable and will support responsible freezing of the $DOJO price to late inflation. As in the time of the creation of this article on 6th Apr 2024, $DOJO emissions had been cut down to less than 15+%.
LSD - dINJ and how it works
DojoSwap aims to be the leading liquid staking solution - providing a simple way to get rewards on your digital tokens. By staking with DojoSwap your tokens remain liquid and can be used across a range of DeFi applications, getting extra rewards.
Get Started in just a few simple steps:
You are done and enjoy your yields! Some FAQ for you guys!!!!
Sushi Fighter NFT:
The #1 CW404 NFT Project on Cosmos, on Injective Powered by Dojoswap.
Sushi Fighter NFTs (Also $SUSHI) is the first-of-its-kind NFT token created on Cosmos, on Injective chain, and by extension Dojoswap itself. It is created based on the CW404 Standard.
The CW404 standard is based on the new experimental ERC404 standard that was launched on Ethereum Mainnet via the Pandoras NFT collection, except that CW404 is coded via rust for use in cosmwasm enabled chains.
Basic Features
Basic features include:
- You can buy or sell fractional $SUSHI tokens, and perform Defi functions such as yield farming on @Dojo_Swap.
- You can buy or sell a Sushi Fighter NFT just like how typical NFTs function.
- Sushi Fighter NFT Profile Pictures (PFPs) can be regenerated by buying and selling $SUSHI.
- If you fulfill the Minting Criteria, you will generate a Sushi Fighter NFT with traits.
- You burn 1 NFT each time you sell your $SUSHI tokens such that the number of $SUSHI tokens you hold drops below the next lower whole number.
- Read our scenario cases here for reference.
What is DojoDAO?
DojoDAO (or DAOJO) is a Decentralised Autonomous Organisation entity that is absent of a central governing body, where individuals share a common objective to act in favor of the entity. In short, we are giving power to the community through the voting power of our governance token $DAOJO.
What are the benefits of DAOJO?
- DAOJO introduces the new CW20-Rebase token standard, sparking a potential DeFi wave on Injective.
- Focus: Acquiring DOJO ecosystem assets, driving price appreciation across all DOJO assets.
- Huge treasury gives DAOJO access to top deals, leading to larger profits for DAOJO and Dojo holders.
- Simple exposure: Users can hold one token to gain access to all DOJO ecosystem assets, reducing confusion.
- DAO rebalance: Actively rebalances ecosystem assets to maintain healthy acquisition and support asset growth.
- DAO treasury: Building a treasury to thrive during the next bull run, supporting Dojo's vision as a decentralized VC, DEX, and LSD.
- Future vision: DAOJO helps execute the next phases of Dojo Labs' roadmap, aiming to expand into a full-blown ecosystem.
CW20 Reflection Token
It is a CW20 compliant token, which means DAPPs and CEX can easily use the token standard like a normal CW20 token.
The key innovation is to allow a CW20 token to apply taxes. We’ve not seen a properly taxed CW20 in all of Cosmos chains.
To have a “reflection” token means that the taxes will be used to automatically complete a few tasks:
- Automatically buy and burn a parent token of choice
- Automatically buy and acquire more liquidity for the current reflection token to build deeper liquidity over time to create price floors
- Automatically buy parent tokens to be reflected/redistributed to reflection token holders.
Conclusion
DojoSwap is the first automated market maker (AMM) Decentralized exchange on injective with which you can do very safe and secure transactions by such a low gas. If you are looking for such an interface in which trading, staking, and earning can be done very easily so yes it's DojoSwap itself.
If you interact with DojoSwap then there is a possibility of you getting future airdrops and some more alpha from other projects of Injective ecosystem.
