Honeyswap is network of decentralized exchanges which are supported and maintained by the 1Hive community.
Honeyswap is comprised of liquidity pool contracts deployed to multiple EVM compatible chains which share common frontend interfaces that are maintained by the 1Hive community. Currently Honeyswap supports xDai and Polygon, but plans to expand support to other EVM chains and rollups in the future.
Honeyswap uses a multi-token model to manage the balance between Global and Local incentives. Development, support, and maintainence work that has Global benefits are funded using Honey from 1Hive's common pool. Farming Rewards, where benefits are localized to a one supported chain use a Comb token which can be valued as a derivative of the volume on that specific chain.
Swap fees on Honeyswap are split 1/12 to Honey, 1/12 to the local Comb token for that chain, and 5/6 directly to the pool of liquidity providers facilitating the swap.
Trades with ETH on Polygon have a fee of only 0.15%
The Honeyswap frontend provides an open source interface for trading and pooling liquidity. It also supports routing trades to third-party liquidity pools so that users can be sure they are getting the best trade execution when they choose to interact using Honeyswap's frontend.
You can connect to Honeyswap from any supported chain, and will be able to interact with the pool on that network.
The Honeyswap AMM contracts are not upgradeable. Governance is limited to setting the fee reciever address.