🔄Exchange
Last updated
Last updated
ChewySwap is an Automated Market Maker (AMM), and the Exchange is at the heart of Chewy. It is the leading and most active Community-Based AMM on Shibarium!
The ChewySwap exchange offers many features that support decentralized trading:
ChewySwap lets users trade without the need to go through a Centralized Exchange. Everything you do on Chewy is routed directly through your own wallet—no need to trust someone else with your coins!
You can only swap tokens on ChewySwap if there is enough liquidity for those tokens. If nobody has added much liquidity for the token or tokens you want to swap, it will be difficult, expensive, or impossible to do so.
Providing liquidity will get you LP Tokens, which will earn you rewards in the form of trading fees for making sure there's always liquidity for the exchange to use.
Yield farming lets users that are providing liquidity earn CHEWY rewards by locking their LP tokens into a smart contract. The incentive is to balance out the risk of impermanent loss that comes along with locking in your liquidity.
