Exchange - Trading and Liquidity Pools
Last updated
Last updated
Swapping tokens is easy at Jetswap. Simply pick the tokens you want to trade and click swap at the bottom of the trading block.
Trade on BSC here: https://jetswap.finance/
Trade on Polygon here: http://polygon.jetswap.finance
Trading Fees at BSC Jetswap are very low at 0.3% per trade.
0.25% goes to the liquidity providers (income!)
0.05% is sent to the Jetswap Treasury
Polygon swap fees are only 0.1%!
0.05% goes to the liquidity providers (income!)
0.05% is sent to the Jetswap Treasury
Jetswap pools allow you to provide liquidity by adding your tokens to liquidity pools.
When you add your token to a liquidity pool you will receive Liquidity Pool (LP) tokens.
As an example, if you deposited WINGS and BNB into a liquidity pool, you would receive WINGS-BNB LP tokens.
The number of LP tokens you receive represents your portion of the WINGS-BNB liquidity pool.
You can also redeem your funds at any time by removing your liquidity.
Providing liquidity is not without risk, as you may be exposed to impermanent loss. “Simply put, impermanent loss is the difference between holding tokens in an AMM and holding them in your wallet.” - Nate Hindman
It’s not all bad for liquidity providers as you will also be given a reward in the form of trading fees. Whenever someone trades Jetswap, the trader pays a 0.3% fee, of which 0.25% is added to the liquidity pool of the swap pair they traded on.
For example:
There are 10 LP tokens representing 10 WINGS and 10 BNB tokens.
1 LP token = 1 WINGS + 1 BNB
Someone trades 10 WINGS for 10 BNB.
Someone else trades 10 BNB for 10 WINGS.
The WINGS/BNB liquidity pool now has 10.017 WINGS and 10.017 BNB.
Each LP token is now worth 1.00017 WINGS+ 1.00017 BNB.
To make being a liquidity provider even more worth your while, you can also put your LP tokens to work whipping up some fresh yield on the WINGS farms (here), while still earning your 0.25% trading fee reward.
