Humswap, an innovative DeFi/NFT dApp, has been accepted into Neo Global Development’s N3 Early Adoption Program. Early Adoption Program is an initiative designed to support the burgeoning Neo N3 ecosystem. Moving forward, NGD will work closely with Humswap by offering resources and incubation opportunities to accelerate the project’s growth.About Humswap
Humswap is one of the Neo Frontier Launchpad Excellence award winners, and was developed by Mario Lopez and Jason Tezanos — two excellent engineers at PayPal. As a two-man team, Humswap is bringing together the worlds of DeFi and NFTs by creating unique NFTs that have potential benefits such as stackable yields, yield multipliers, lower swapping fees, and much more.
The highlights of the project are as follows:
The intersection of NFTs and DEXs
At the very beginning, the Humswap project was inspired by two blockchain-based use cases. First was CryptoPunks, the randomly generated collectable art NFTs on the Ethereum blockchain. Second was trading on decentralized exchanges like Binance’s Pancakeswap and Ethereum’s Uniswap. These two typical cases made them wonder: what if these two functions were integrated into the same dAPP? What if NFTs had other uses besides being an NFT and could be used in a DeFi product? In the end, the intersection of NFTs and DEXs led the pair to design Humswap.
The Humswap founders want to give NFTs utility and purpose on their forthcoming DeFi platform built on the Neo N3 blockchain. Humswap will offer liquidity pools for various tokens, a marketplace for NFTs, and token swapping. Users can play PitaToss to win both PITA or rare NFTs, participate in Auctions to win NFTs, or purchase an NFT directly with PITA tokens. Rare NFTs may have unique uses, such as incentivizing liquidity providers with NFTs that multiply LP rewards or offering bonus Pita Toss chances.
Innovative, fun and forward-looking approach to gaming
Beyond its DeFi use c...