• Hashbon Rocket will reportedly solve the DeFi protocol’s problem of interoperability.
• The exchange will be decentralized and users can expect security and lower transaction fees.
• At the moment, Hashbon Rocket allows users to swap tokens for unlimited amounts.

The advent of decentralized finance has allowed for yield farming, liquidity mining and staking as well as other high-rewarding opportunities. Current estimates put the total value of DeFi Protocols, including Staking and Liquidity Pools (TVL), at $200 billion. DeFi provides many opportunities to crypto enthusiasts that allow them passive income. Liquidity providers, also known as LPs or liquidity brokers, are paid fees for the execution of transactions by others. They are usually awarded the native token for such protocols. Liquidity provision has become a major activity in the DeFi sector, opening the door to more TVL and adoption.

Interoperability is a problem facing DeFi protocols. The majority of popular protocols support only intra-blockchain transactions. Pancakeswap for BSC is the only decentralized platform that supports transactions in DeFi.

Hashbon deploys cross-chain DEX in an effort to solve the problem of interoperability

Numerous projects are now using protocols to support several networks. It is the problem of interoperability that has prompted the advent of the first-ever cross-chain decentralized exchange (CDEX), Hashbon Rocket — a DEX that supports token swaps across Ethereum and Binance Smart Chain, including EVM-compatible chains like Polygon (MATIC), , etc.

In light of Hashbon Rocket’s unique value proposition, users will be able to swap an ERC20 token for another token that is compliant with the BEP20 standard and vice versa while creating liquidity pols. As of now, Hashbon Rocket supports only two blockchain networks — Ethereum and Binance Smart Chain (BSC). Hashbon Rocket participates in the Hashbon FiRe, which is an ecosystem that seeks to revolutionize decentralized finance.

PoS Consensus Model To Support Hashbon Rocket

Hashbon Rocket will run on a proof-of-stake consensus algorithm that will be secured by people known as “arbiters.” Users can decide to become arbiters as long as they hold the utility and governance token HASH. Hashbon Rocket’s HASH tokens determine how many arbiters can vote.

Arbiters in Hashbon Rocket are similar to miners using the PoW consensus system, which is used by the blockchain. The arbiters verify token swaps so that each confirmed transaction depends on their accuracy. An arbiter who provides incorrect information regarding a transaction is subject to a penalty that includes losing some tokens. High rewards are available to arbiters who give the correct answer.

HASH tokens can be used to arbitrage as well as to pay staking fees. This indicates that they are a key part of Hashbon FiRe’s ecosystem. You can use HASH tokens to get rewards, or to become an arbitrator. Hashbon Rocket will be a decentralized cryptocurrency exchange that users can trust with their transactions and security. Users can exchange unlimited tokens on cross-chain DEX.

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