Anyswap

It’s one of a number of networks that have entered the DeFi space to facilitate cross-token swaps and trading.

The system obtains its strength from its ECDSA Signature Support.

An overwhelming majority of cryptocurrencies — 95% of them to be exact — have incorporated Anyswap, including the likes of XRP, Litecoin and Tether.

Also backed by Fusion’s Decentralized Control Rights Management (DRCM) technology, Anyswap is able to better manage the flow of movement of tokens between blockchains.

Anyswap is powered by Fusion. The Fusion Network uses a process known as private key sharding — where the private key is split up into several bits and managed by various network nodes — to guarantee assets are safe.

Smart contracts on Anyswap are open source, a factor which enhances security using individual audits.

The ANY token is a governance token on the Fusion blockchain. It’s only purpose is to allow the election of Anyswap Working Nodes (AWN’s) and to vote on new coin or token listings on anyswap.exchange. ANY’s are awarded for using the anyswap.exchange platform and for other community rewards and incentives for various aspects of the platform.

Tokenomics of ANY

Anyswap allows ANY on the Fusion platform to be staked. Users can click on ‘Staking’ on the Fusion platform and they once they have unlocked the smart contract (only required to be done once), they can then add to their stake by clicking the + button. Rewards continuously update, visible on the display and can be harvested at any time. The staked ANY can be unstaked at any time. If you audd more to your stake, the outstanding rewards are put back into your wallet. The APY from staking is shown in the display and depends on how many ANY are currently staked by everyone.

Anyswap is rewarding trading directly. On the Fusion blockchain version of Anyswap, every 100 blocks (~ 20 minutes), ANY are awarded to traders, split according to their proportion of the volume in this period. If a user is the only one making a trade within these 100 blocks, they would receive all of the ANY. If there is no swap trade during this 100 blocks (very unlikely), the rewards will be split between liquidity providers and Anyswap Working Node (AWN) runners.

Liquidity rewards are split between the different blockchains of Anyswap. Every approximately 24 hours, ANY will be rewarded to liquidity providers according to each one’s liquidity portion, The system will use the lowest liquidity provided by each providers to calculate the portion. Before AWN’s are elected, the 6,600 that will eventually go to the AWN’s will go to liquidity providers.