AfraSwap provides a safe and easy way to exchange tokens for BSC while providing the best prices by bundling several different AMMs.
About the AFRASWAP defi app
The project provides a best-in-class trading experience for users, similar to the easy-to-use user interface, used by many swaps on different blockchains, but the underlying aggregator contract allows the user to get the best price every time without having to search for them manually.
To ensure transaction security and transparency, the Afraswap team has removed several standard features, presented in swap contracts currently, that are widely used but are not considered safe for users because they allow team members to perform verification.
Other features:
| 1 | The main idea of Afra swap - to give users the opportunity to grow with the project. |
| 2 | To achieve this goal, the Afra swap team has removed the widely used protocol fee implementation from factory contracts. |
| 3 | Along with this, liquidity providers can stake their liquidity tokens on Afra swap farms to receive Afra tokens in the form of reowwc. |
Most trades on Afraswap do not go directly through AMM, but through an aggregator that allows users to get the best exchange rates. Users have the option to use only Afraswap without going through the aggregation process to support the project. At its core, Afraswap uses the proven and efficient AutoMarketMaking approach to provide a fair and secure trading experience for users. AMM allows you to calculate prices automatically, as the name suggests, but keeps funds in liquidity pools. Afraswap is currently using pair-based liquidity pools to ensure market creation. Anyone can add tokens to the liquidity pool and become a liquidity provider on Afraswap, and the provider receives liquidity provider tokens in return.
Commissions on Afra Swap
Currently, every trade on Afra swap is subject to a commission of 0.25% from the user. This commission goes directly to the liquidity providers. Typically, as a general approach, most AMMs charge a protocol fee, which takes a share of the fees from the liquidity provider and reduces the profitability of the providers. In the Afra swap, to increase transparency and trust, we have completely removed platform fees from our smart contracts, allowing us to reward liquidity providers on a merit basis, as they are the most integral part of any AMM-based DeFi application.
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