On the BernaSwap platform, as a trader, you will quickly find potential BERA projects and accompany them to get BERA for free through business, farm, pool and mining. As a project, you'll find the best support at BernaSwap, including a growth fund, arbitrage support, fun activities, resource connections, a friendly show, and more.
What is special about the BernaSwap project?
The BernaSwap Decentralized Exchange (DEX) allows users to exchange tokens in the most efficient way. Token exchanges are one of the most fundamental tools that DeFi has to offer. Decentralized exchanges such as DEX BernaSwap allow users to send their tokens to the protocol and receive as close to the equal value of another token as possible after accounting for transaction fees and slippage.
Main advantages:
| 1. | High transaction speed. |
| 2. | Unauthorized, anonymous trading. |
| 3. | Flexibility and access to a wide range of tokens. |
To make a deal, connect your wallet to BernaSwap. Visit the "Exchange" tab. Select the tokens you want to trade by clicking on the token icons and selecting them from the dropdown list. If you are trying to exchange a token for the first time, you will need to approve the contract for the token in your wallet by using the “Enable” button before trading. Enter the amount of the token you want to exchange or receive. Check the details to make sure the values are accurate and click "Exchange". Confirm the transaction in your wallet. After the transaction is completed, you can click "View in bscscan" or "View in Explorer" to see the details of the transaction.
How do liquidity pools work?
Besides swapping tokens, BernaSwap users can also add liquidity to the DEX itself by depositing an equal amount of two tokens (a pair of tokens) to create liquidity provider (LP) tokens.
BernaSwap allows you to provide liquidity by adding your token pairs to liquidity pools by using equal amounts for each token. When you add your tokens to the liquidity pool, you receive Berna-LP, BernaSwap's own liquidity provider tokens.
For example, if you deposit BERA and BNB into the liquidity pool, you will receive BERA-BNB Berna-LP tokens. The amount of Berna-LP tokens you receive represents your portion of the BERA-BNB liquidity pool. You can also redeem your funds at any time by removing your liquidity.