The SaucerSwap protocol strives to be as permissionless and decentralized as possible, while also taking a firm stance against bad actors seeking to exploit the community. As such, several safeguards are in place to protect users and provide market clarity. One such safeguard is a tiered listing system, wherein all HTS tokens fit within one of three distinct classes: default, extended, and untracked.
Creating a liquidity pool is available to anyone, using any two HTS tokens, regardless of whether they appear in SaucerSwap menus. If a token isn't listed (i.e., untracked), a user is able to paste its token ID into the search box of the token menu. For a step-by-step guide, click here.
The extended list offers a fast and easy way for smaller projects to get their tokens listed in SaucerSwap menus without having to complete a due diligence process or meet liquidity requirements, thereby upholding the permissionless ethos of DeFi.
The default list is reserved for larger and more established projects, including high-value assets bridged from other chains (e.g., WBTC[hts], USDT[hts]) and prominent Hedera projects (e.g., SAUCE, HST, CLXY). To be added to this list, the project's team must undergo a due diligence process, face scrutiny from the SaucerSwap community in the form of a vote, and meet minimum liquidity requirements.
This tiered listing system empowers the community by making it easier for hobbyist and professional developers to access a liquid market for their tokens while maintaining trust and integrity in the HTS ecosystem.
Note that most projects within the HTS ecosystem are best suited for the extended list.
Tokens on SaucerSwap fall into 3 classes: default, extended, and untracked. These classes are defined below:
- 1.Create a liquidity pool containing your token + HBAR or another HTS token (e.g., SAUCE, USDC). There are no liquidity requirements for tokens on the extended list.
- 3.SaucerSwap will add your token to the extended list within 48 hours of receiving the application.
- 1.Complete a Sentinel report through HeadStarter. This involves answering basic questions about your project.
- 2.Once the report is published and you are prepared to add $25,000 of liquidity for your token, submit a request form.
- 3.A Discord poll will be created for eligible candidates. This poll will include a description of your project and link to the Sentinel report.
- 4.Planck Epoch NFT holders will have 48 hours to vote yes or no. A >50% majority is considered a passing vote.
- 5.Once the poll has closed, you will have 7 days to provide $25,000 of liquidity to your token pair. Note that this liquidity can be sourced from multiple parties (e.g., team, community).
- 6.SaucerSwap will promptly add your token to the default list.
Projects can apply for yield farms after their token has been added to either the default or extended list. There will be a limit to how many farms a given token can receive, with this number generally being capped at two. A project can submit a new request form if it has one or more farms and wishes to incentivize an additional token pair. Once SaucerSwap has received a form, the decision will be brought to a community vote in the same manner as token listings. Note that the token must have a reasonable amount of liquidity and sustained trading volume for it to be considered for a farm. This is to ensure there is organic demand for the token without additional incentives. Liquidity and volume will be assessed on a case-by-case basis. All yield farms will receive dual token emissions (SAUCE and HBAR). Farm weights and initial listings will vary per project and will be governed via DAO-based token-weighted voting once it is phased in.
For farm inquiries and other collaborations, please complete the following request form: