The HOGI FIN Protocol is an open-source protocol used on Ethereum to provide liquidity and trade ERC20 tokens. It eliminates trusted intermediaries and unnecessary forms of rent extraction, making exchange activity safe, accessible, and efficient. The protocol is non-upgradable and is intended to be resistant to censorship.
How to Use It:
Go to the HOGI finance Interface and connect a Web3 wallet to create a new liquidity pool, provide liquidity, swap tokens, or vote on governance proposals. Keep in mind that each Ethereum transaction costs Ether (ETH)
How Does It Function?
HOGI FIN is a market maker that operates automatically. In reality, it is a set of smart contracts that establish a standard method for creating liquidity pools, providing liquidity, and swapping assets.
Each liquidity pool is made up of two assets. The pools keep track of aggregate liquidity reserves and the pre-determined pricing methods established by liquidity suppliers. Every time someone trades, resources and prices are automatically adjusted. There are no central order books, third-party custody, or private order matching engines.
A HOGI FIN pool may always be utilized to purchase or sell a token since reserves are automatically rebalanced after each trade – unlike traditional exchanges, traders do not need to match with particular counterparties to make a trade.