There are certain technical issues in DEX operations caused by the ratio of the assets in the pool. In our case it’s ETH-DUNG with a ratio 1 : 1,000,000,000,000,000. This causes a limitation when trying to sell and adding liquidity to the pool.
$MEGADUNG is solving this issue and it’s a community driven initiative.
$MEGADUNG is a ERC20 token which is backed by $DUNG with 1 $MEGADUNG = 1,000,000,000,000,000 $DUNG ratio. Users are allowed to wrap $DUNG into $MEGADUNG and vice versa. When a user wraps $DUNG into $MEGADUNG, the contract burns $DUNG and mint $MEGADUNG. When a user wraps $MEGADUNG into $DUNG, the contract burns $MEGADUNG and mint $DUNG.
To bootstrap liquidity of $MEGADUNG we also launched an additional $MEGADUNG COMPOST with rewards for liquidity providers with an amount of 100,000 $MEGADUNG.