DEX
Last updated
Last updated
MIH operates its own decentralized exchange (DEX) based on a Uniswap V3 instance. Uniswap V3, a third-generation DEX protocol, introduces concentrated liquidity, allowing liquidity providers (LPs) to allocate funds within custom price ranges. This maximizes capital efficiency and enables deeper liquidity with less capital.
Using this structure, users can easily swap between various assets on the MIH DEX—such as exchanging $MIH for stablecoins like USDT, and vice versa. All swaps are executed on-chain via smart contracts, without any centralized intermediaries.
To incentivize liquidity provision, MIH offers a dedicated LP rewards program for users contributing to Uniswap V3-based liquidity pools. For instance, contributing to the MIH/USDT pool earns rewards in $MIH based on an APR that is dynamically adjusted according to market conditions.
LPs can earn revenue in two ways:
Swap Fee Distribution: Of the 0.3% fee charged on each swap, 0.25% is distributed to LPs.
LP Rewards Program: $MIH rewards are automatically distributed via smart contracts based on the following formula: Individual Reward = Total Reward × (Individual Share / Total Pool Share) For example, if the weekly reward is 10,000 $MIH and a user holds 5% of the pool, they will receive 500 $MIH for that week.
Because Uniswap V3 requires liquidity to be provided within selected price bands, actual APYs vary depending on each LP’s strategy.
To support decision-making, MIH offers real-time APY tracking and analytics tools.
Minimized slippage during large transactions or swaps
Improved tradability and market circulation of $MIH
Increased user participation through yield opportunities beyond holding