Hot’n Cold Test Atelier
Before we start our to do list, let’s briefly explain our $HOT and $COLD tokens.
Let’s start with $HOT first;
$HOT is a user-oriented coin with an automatic earning system. $HOT is the base coin of HOT DEX, one of the two separate pillars of the protocol. In every single trade, $HOT’s unique mechanism contributes to the HOT DEX by providing ownerless liquidity. $HOT holders also earn passive income with every $HOT transaction executed.
Let’s continue with $COLD;
$COLD is a capital-focused currency with a unique deflationary mechanism. $COLD is also the base currency of the COLD Dex and acts as an insurance point for HOT Dex. $COLD has an internal deflation mechanism: each day %10 of the unused $COLD in wallets (coins that are not in COLD Dex pools) get defuncted.
To-do list;
1- HOT Dex — Swap
2- HOT Dex — Add liquidity
3- HOT Dex — Farm liquidity
4- HotTub — Stake $HNC and farm $HOT rewards
5- COLD Dex — Swap
6- COLD Dex — Add liquidity
7- COLD Dex —Stake liquidity
8- COLD Dex — Unstake liquidity
9- COLD Dex — Force claim staked liquidity
10- Entropy Emporium — Convert $HNC to $HOT and $COLD
Features:
A) Entropy Emporium
B) HotTub Staking
C) Hot DEX
D) Cold DEX
E) Cold DEX Stake and Unstake Operations
Each item will be explained separately, but please consider the interconnection of the items.
A) Entropy Emporium
Entropy Emporium is where you can convert your HNC assets into HOT and COLD assets at the desired rate and amount. By changing the temperature of the room, you can change the ratio of HOT and COLD you get. You can have detailed information about the usage with the detailed image shared.
1) You can specify how much “HNC” you want to use in this field. You can see how many “HNC” assets you have here. In addition, you can see how much HOT and COLD you will get with 1 HNC at room temperature.
2) Here you can see how much HOT you will get as a result of the amount of HNC you have determined and the room temperature you have chosen.
3) Here you can see how many cold you get as a result of the amount of HNC you have determined and the room temperature you have chosen.
4) You can change the temperature of the room from this area.
5) Finally, you can activate Emporium by clicking this button.
B) HotTub Staking
HotTub Staking is a single-sided staking method for $HNC that allows users to participate in DeFi without worrying about conventional AMM-related risks such as impermanent loss.
Simply by staking $HNC, users will be exposed to three distinct reward mechanisms. In this model, yield is derived from three distinct sources: swap fees across all HOT Dex liquidity pools, yield farm emissions, and fees from HOT txs. You can have detailed information about the usage with the detailed image shared.
Each numbered section represents different data and functions within the module. To put it in order;
1) In this section, you can find general information about the HotTub Staking module.
2) In this panel, you can access Stake and Unstake options from within the module.
3) You can claim your stake rewards here.
4) You can monitor and claim all your Unstake processes from this panel.
C) Hot DEX
HOT Dex is the meeting of the Distributed Free Social Market (DFSM) model with DeFi. The Distributed Free Social Market model can also be thought of as the adaptation of the socialist system to the market economy.
In this model, the profit created by the momentum of the market is distributed to all market participants, making it possible for those who create the momentum of the market to earn in proportion to their participation in the market.
1) From this panel, you can perform swap transactions of the assets listed in the Hot DEX module.
2) From here, you can search for a pool and quickly find the pool you want.
3) You can switch between Verified and Permissionless pools here.
4) You can find the pool list here.
1) In this panel you can see all the data of this pool of Hot DEX.
2) With this button, you can perform swap operations between the assets that make up this pool.
3) With this panel, you can provide liquidity to the pool and obtain LP Tokens of this pool. You can either stake liquidity in this pool or trade it in Cold DEX.
4) In this panel, you can start farming or stop farming with your liquidity.
5) You can claim your stake rewards from this panel.
D) Cold DEX
COLD Dex is a specially created exchange medium for LP tokens which allows users to easily change their capital and provides a wider arbitrage opportunity.
What are LP tokens?
Liquidity provider tokens or LP tokens are tokens issued to liquidity providers on a decentralized exchange (DEX) that runs on an automated market maker (AMM) protocol.
LP tokens are used to track individual contributions to the overall liquidity pool, as LP tokens held correspond proportionally to the share of liquidity in the overall pool.
1) From this panel, you can swap your LP tokens or COLD tokens in Cold DEX.
2) You can find the pool list here.
E) Cold DEX Stake and Unstake Operations
You can find the detailed Stake and Unstake guide here. Let’s start with the staking process first.
1- In this menu, which we access via the Stake button, we choose how much of liquidity we want to stake.
2- In this menu, we choose how many days we want to stake our liquidity.
3- Finally, we can view our Stake summary here and complete the operation with the Stake button.
Second, let’s move on to our Unstake guide.
Suppose we are performing more than one Staking operation, here we choose which of our Staking operations we want to Unstake
After making our selection, we can view our summary in this panel and if we are sure, we can complete the operation with the Unstake button. Remember that you can force claim your staked liquidity by paying a fee.
