Swap Tokens and Fees
Swap Tokens in a matter of seconds with PunkSwap.
Last updated
Swap Tokens in a matter of seconds with PunkSwap.
Last updated
PunkSwap is an automated market maker (AMM). It is known and loved by a wide audience already.
PunkSwap already offers a wide varity of usecases for its native token $PUNK.
And PunkSwap offers several cool features for trading your beloved tokens directly onchain.
PunkSwap lets users trade without the need to go through a Centralized Exchange such as Binance or Coinbase: Everything you do on PunkSwap is routed directly through your own individual wallet and its completely decentralized — so no need to trust someone else with your coins!
You can only swap tokens on PunkSwap if there is enough liquidity for these tokens. If nobody has added much liquidity for a token 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.
0.17% of the trading volume is shared among all liquidity providers.
Let's illustrate this with an example.
Let's assume you provide liquidity for the trading pair PUNK-BONE on PunkSwap.
Let's assume your share of the liquidity pool is 10% and someone trades 1000 BONE for the equivalent amount of PUNK.
All liquidity providers combined will receive 0.17% of the 1000 BONE trading volume, which is 1.7 BONE.
You personally receive 10% of that, which is 1.7 BONE (because we assumed you provide 10% of the PUNK-BONE liquidity on PunkSwap).
Not bad as a passive income, right? And that is only for one trade. You earn with each trade in that pair on PunkSwap.
In addition to earning a share of the trading volume, you can earn additional revenue by yield farming.
On PunkSwap we offer several farms for popular trading pairs. On top of the trading fees, you receive rewards in form of PUNK tokens for providing liquidity to PunkSwap in these trading pairs.
And you receive these PUNK reward tokens no matter how much or how little trading volume there is on PunkSwap.
However, please make sure to understand the risk of before engaging in providing liquidity.