🔄IP Native Exchange
Overview StoryHunt DEX provides a user-friendly, powerful trading experience. Swap tokens with minimal slippage, support emerging IP projects by providing liquidity, and earn a share of trading fees. Built on the Story Protocol’s IP-centric ethos, it offers unique opportunities for both traditional DeFi users and IP backers.
Swapping Tokens
What is Swapping? Swapping is exchanging one token for another at real-time market rates. The DEX ensures competitive pricing and low slippage by efficiently routing and using automated market-making (AMM).
Key Benefits
Low Slippage: The DEX’s concentrated liquidity model helps reduce price impact.
Competitive Rates: Deep liquidity ensures favorable pricing.
Integrated IPFi: Discover and swap IP-backed tokens, expanding your portfolio beyond traditional crypto assets.
Example: Swapping Your Favorite IP-Backed Memecoin
Suppose you’ve discovered a new memecoin from ipdotworld that’s tied to real intellectual property (e.g., a popular anime or web series). You hold IP but want to get in on the memecoin hype.
Select IP → Memecoin: On the swap page, choose IP as the ‘From’ token and your memecoin as the ‘To’ token.
Check Rates: Review the current price and expected slippage.
Execute Swap: Confirm the transaction in your wallet.
Enjoy Your New Tokens: Once the swap finalizes, you’ll see your memecoin balance. You can hold, stake, or participate in other DeFi/IPFi opportunities.
Providing Liquidity
What is Liquidity Provision? By depositing a pair of tokens into a liquidity pool, you enable trading and, in return, earn a portion of the trading fees. With StoryHunt’s advanced features, you can boost these rewards further through yield farming programs.
Adding Liquidity
Navigate to ‘Pools’: Access the Liquidity section on the DEX.
Pick a Token Pair: Choose two tokens, such as the new IP memecoin and IP (or another asset).
Confirm Deposit: Enter the amounts to supply, then approve and confirm. You’ll receive LP NFT representing your pool share.
Example: Liquidity Provision for a High-Volume IP Project
Jutsu World 404
Jutsu World 404 is a tactical TCG (ERC404) with high trading volume and a unique mechanic that allows players to reroll for rare collectables. Here’s how you can benefit:
Select the Jutsu Pool: Look for the liquidity pair, e.g., Jutsu/IP.
Provide Liquidity: Deposit an equal value of Jutsu tokens and IP.
Collect Fees: Earn a percentage of all trading fees from the Jutsu/IP pool.
Grow Your Position: Reroll mechanics and in-game events often drive trading volume, potentially increasing your fee rewards.
Why This Matters
High Trading Volume: Means more fees distributed to liquidity providers.
Unique Mechanics: Jutsu’s collectible reroll system can attract consistent trading and speculation.
Early-Mover Advantage: Becoming a liquidity provider early can yield higher returns as the project’s popularity grows.
Benefits for Users
IP-Centric Diversity: Discover and trade tokens backed by real IP, adding a unique dimension to your crypto portfolio.
Concentrated Liquidity AMM: Achieve better price execution and earn higher returns from trading fees.
Multi-Reward Farming: Amplify your liquidity provider rewards by farming additional tokens.
Community & Growth: Support and benefit from a thriving network of creators, IP holders, and crypto enthusiasts.
Whether you’re swapping for a newly launched, IP-backed memecoin or providing liquidity to high-volume, IP-focused projects like Jutsu World 404, the StoryHunt DEX is your gateway to sustainable DeFi and IPFi opportunities.