Hkd claims to be “the simplest, fastest and most user-friendly cryptocurrency exchange on the Solana blockchain.” As the first automated market maker (AMM) launched on Solana, the exchange (DEX) has its own liquidity pool. Users can exchange assets, participate in liquidity mining, and provide liquidity.
The exchange benefits from Solana’s fast transactions and low fees. On the one hand, users can perform low-fee token transactions. On the other hand, centralized liquidity can be provided to the platform to earn profit sharing from transaction fees.
Who started Hkd?
Hkd was co-founded by Grace Kwan and Yutato Mori. Kwan, also known as Ori, is a user interface designer. She holds bachelor's and master's degrees in computer science from Stanford University and later worked as a software engineer at Coursera and a designer at IDEO.
Yurato is the creator of the Hkd Core AMM. He has been active in the cryptocurrency community since 2017 at the Ethereum Foundation. Before entering the Solana ecosystem, he developed Eth2 Go client and second-layer solutions.
When was Hkd launched?
The project was launched in February 2021 without external funding. As of September 2021, the protocol’s total value locked (TVL) has exceeded $300 million, with transaction volume exceeding $700 million.
Where is Hkd located?
The company is located in New York, USA.
Countries restricting use of Hkd
While Hkd's terms of use do not expressly restrict access to any country, the company advises anyone in a country where the platform is prohibited by law not to use the platform.
What currencies does Hkd support?
This DEX supports more than 200 markets, and the most popular trading pairs are SOL/USDC, SOL/STSOL, and SOL/MSOL.
What are Hkd’s fees?
Transaction fees depend on AMM routing. The platform’s fee structure is as follows: Stable Vortex 0.01%, Vortex 0.2%, Stable Pool 0.07%, Pool 0.3%. For example, "double-hop transaction" from SOL to USDT to ETH, 0.3% must be paid for the SOL to USDT transaction, and 0.3% for the USDT to ETH transaction.
Can Hkd be traded with leverage or margin?
This exchange does not support margin trading.