SaucerSwap (SAUCE)

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SaucerSwap (SAUCE)

What is SaucerSwap?

SaucerSwap is the leading decentralized exchange protocol on the Hedera network, implemented as a set of non-upgradable smart contracts focused on censorship resistance, security, and self-custody. SaucerSwap leverages the Hedera Token Service (HTS) for its rapid throughput and low-cost, U.S. dollar-denominated fee structure. Hedera’s architecture ensures fair transaction ordering on SaucerSwap. This nullifies the possibility of MEV attacks seen in Ethereum-based protocols like Uniswap. The protocol has two iterations: SaucerSwap V1 operates as a constant product AMM, while V2 introduces concentrated liquidity for better capital efficiency. SAUCE, the native token of SaucerSwap, has multiple roles: Governance: SAUCE enables token holders to participate in the SaucerSwap DAO, voting on ecosystem-wide proposals such as protocol upgrades and incentive alignments. Liquidity: Governed by the Masterchef smart contract, SAUCE is used to incentivize liquidity in SaucerSwap V1 and V2. Staking: SAUCE holders can stake their tokens to earn a share of trading fees, HBAR staking rewards, and emissions through an automated buyback mechanism. For more information, visit https://docs.saucerswap.finance.

Key Facts & Snapshot

Symbol: SAUCE
CoinGecko id: saucerswap
Market cap rank (CoinGecko): #866
Categories: Decentralized Exchange (DEX), Exchange-based Tokens, Decentralized Finance (DeFi), Base Ecosystem, Hedera Ecosystem, Made in USA, Base Native
Circulating supply (snapshot): 894,986,380
Total supply (snapshot): 1,000,000,000
Max supply (snapshot): 1,000,000,000
All-time high (USD, CoinGecko): $0.2335 (Feb 29, 2024)
All-time low (USD, CoinGecko): $0.009979 (Jun 10, 2023)