Say Hello to Huckleberry –The first DEX on CLV Chain
Powered by the world’s most innovative minds, CLV has become a popular go-to infrastructure for Web3 applications, for developers and builders, thanks to CLV Chain, a Substrate-based specialized Layer 1, EVM compatible, cross-chain interoperable blockchain. CLV’s high-performance, low-fee and scale-ready infrastructure is a perfect fit for scaling dApps in the multi-chain universe and facilitating large-scale adoption.
With the addition of leading partners across DeFi, Cross-chain Exchange, NFT, GameFi, and Metaverse, CLV continues to dominate the crypto space. Similarly, Huckleberry experienced early success and became the first-and-only platform on Moonriver to offer a fully-fledged, in-house DEX and lending platform.
Huckleberry Enters the World of CLV
We’re thrilled to announce that Huckleberry is expanding its rivers on CLV by becoming the first community DEX and lendin’ platform launched on CLV. Following a multichain vision and the decision of the community, Huckleberry has started integration with CLV and expanded its offering on the CLV chain.
Huckleberry started life as a breakthrough DEX platform built on Moonriver, and makes use of Wanchain’s decentralized cross-chain bridges. Huckleberry is designed for people who are willing to cross rivers, networks and blockchains to see the world and experience all that it has to offer.
Huckleberry marks the Launch of the first DEX on CLV, which will bring drifters to the field of clovers. Huckleberry is a community-driven platform which allows all users to have a say in the future direction of the DEX and lendin’ platform.
Launched in October 2021, Huckleberry is a fairly launched platform without any token sales. Huckleberry offers its users a suite of advanced features to make their drifting through crypto rivers more interesting and adventurous. here’s an overview of its features:
Swap
The swap feature enables users to trade tokens across the exchange.
Passive Sailing
As a reflect token, $FINN, the native token of Huckleberry Finn, shares a percentage of every transaction proportionately among all holders. The feature is currently inactive but can be turned on based on governance voting.
Rivers
Rivers are Huckleberry’s first staking solution, where users can stake their LP tokens and earn $FINN. This is Huckleberry’s take on yield farming.
Excursions
Shore Excursions are Huckleberry’s second staking solution, where users can stake one token to earn another token. This is Huckleberry’s take on syrup pools.
Tom’s House
Tom’s House lets users stake $FINN to get $TOM. Because the pool of $FINN backing $TOM continually grows thanks to Passive Sailin,’ a share of Huckleberry’s DEX fees and a share of Thatcher’s Reservoir’s lendin’ protocol fees, $TOM is worth more $FINN tokens every day.
Thatcher’s Reservoir
The Thatcher’s Reservoir is Huckleberry’s Lending platform where users can deposit and borrow assets.
Deep Dive into Huckleberry’s expansion on CLV
Huckleberry’s launch on CLV will enable its users to leverage not just the benefits of low-cost transactions and near-instant transactions, but also reap the benefits brought on by Huckleberry’s suite of solutions.
Rivers on CLV
Here are the Rivers that will be available on Huckleberry CLV at launch:
$CLV / $FINN
$FINN / $USDC
$CLV / $USDC
Liquidity can be added to these Rivers beginning August 4, however, the distribution of $FINN rewards will start from August 11.
$FINN on CLV
Huckleberry is also bringing its reflect token on CLV following its community’s decision on Huckleberry’s cross-chain tokenomics. As a reminder, here is how cross-chain $FINN is being handled:
- No $FINN is being added to the circulating supply at launch
- 25,000,000 $FINN will be released on CLV over 3 years via River rewards/farming rewards
- 25,000,000 $FINN will be burned on Moonriver over 3 years
However, there will be no change to $FINN’s max supply. Thanks to Wanchain’s bridging solution, when user bridges their $FINN from Moonriver, they will directly receive “real” $FINN on CLV.
CLV Ecosystem is growing!
The Launch of Huckleberry is just a beginning, we have a long way to go to establish CLV as Web3’s de-facto layer.
About Huckleberry
Huckleberry is a community-driven AMM crosschain DEX and lendin’ platform built on Moonriver and CLV. Everythin’ we do is community driven which allows all users to have a say in the future direction of the DEX and lendin’ platform.
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About CLV
CLV (previously Clover Finance) is a one-stop infrastructure platform for cross-chain and decentralized applications.
The CLV chain is a Substrate-based specialized Layer 1 chain that is EVM compatible and cross-chain interoperable. The CLV wallet is a multi-chain all-in-one wallet, for Day-to-Day, DeFi, and Gaming purposes.
Featured by Coinlist as one of the most noteworthy projects in 2021 and backed by major industry institutions such as Polychain Capital, Alameda Research, Huobi and OKex’s Ventures Arm, with our multi-dimensional products lineup, CLV uniquely positioned itself as “Passport to the Omniverse”.
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