🥔
PotatoSwap
  • 🥔Overview
  • 🛠️Features
    • Exchange
    • Earn/Yield Farming
    • vePOT
      • Gauge Voting
    • Governance
    • Launchpad
      • Initial Fair Offering (IFO)
    • PotatoPower (PP)
  • 🪙Tokenomics
    • Token Distribution
  • 🤝Affiliate Program
  • 🔎Audits
  • 🎨Media Kit
    • ⚽POTLuck Foodies
  • 😁Contact Us
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  • Swap/Trade/Exchange
  • Provide Liquidity in Liquidity Pools
  • Fees
  • Earn/Yield Farming
  1. Features

Exchange

PreviousFeaturesNextEarn/Yield Farming

Last updated 12 months ago

PotatoSwap's Exchange is an Automated Market Maker (AMM) native to X Layer and functions as a Decentralized Exchange (DEX). This simply means that trading can be done in a decentralized manner.

On PotatoSwap, one can:

Swap/Trade/Exchange

PotatoSwap allows users to trade directly through it's user interface. There is no need to register for an account, KYC or anything. Users have custody of funds in their wallets at all times and will only have to approve trades that they want.

Provide Liquidity in Liquidity Pools

As an automated market maker, PotatoSwap relies on Liquidity Providers (LPs) which are users who creates or deposit funds into selected trading pairs (eg. OKB-USDT or any other).

Swapping on trading pairs will only be possible if a liquidity route exists.

Liquidity Providers (LPs) will earn trading fees and in cases where a particular trading pair may be incentivized, extra tokens or benefits.

Fees

On PotatoSwap, a trading fee of 0.25% is collected on every trade and it is separated two ways:

  • 0.17% goes back to Liquidity Providers as fees

  • 0.08% goes to vePOT holders

Earn/Yield Farming

PotatoSwap has emissions built in to provide incentives to Liquidity Providers (LPs) who stake their liquidity tokens into a smart contract. This incentive is in place as an extra incentive to deepen the liquidity on PotatoSwap, as well as to combat the risk of that can occur to liquidity providers.

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impermanent loss (IL)