PADSwap — a decentralized exchange (DEX for short). PADSwap is also multi-network, currently running on BSC, Moonriver and Moonbeam.
About the PadSwap project
Centralized exchanges (CEXs) such as Binance, Coinbase, Kraken or Crypto.com offer a one-stop solution with wallet, exchange, fiat conversion and other features, tightly integrated into a single multi-platform application. Therefore, beginners often start trading cryptocurrencies on these platforms. Compared to these old centralized exchanges, PADSwap offers advantages such as no permissions and the use of an automatic market maker (AMM) instead of an order book.
Custodial exchanges, such as centralized exchanges, are like banks. They hold and process your tokens. You must trust them not to hold onto your tokens. PADSwap does not require storage, which means that, unlike centralized exchanges, PADSwap does not need to own your tokens in order for you to trade them. Instead, PADSwap allows users to swap tokens from their wallet, such as MetaMask or Trust Wallet.
There are two main reasons for providing liquidity:
| 1 | 0.25% of every transaction on PAD Swap goes into the liquidity reward pool as a way to reward liquidity providers. |
| 2 | Although some tokens can be staked separately, most farms use LP tokens and make much more profit. Keep in mind that while your LP tokens are staked, you also receive the LP fee, mentioned above. |
Centralized exchanges limit their services to certain geographic regions and select individuals. On PADSwap, anyone can swap, provide liquidity or stake farms. TOAD.Networks products are open for public use without restrictions for everyone.
Buyers and sellers no longer trade with each other, but directly trade their assets with the pool. As long as there is liquidity in the pool, you can trade at any point in time. With PADSwap, users will always have an incentive to provide liquidity. This means that new projects can easily connect to the markets they need, using a DPLP farm.
More about defi app
On PAD farms, you can earn PAD tokens. The rewards (APY) you see on PAD farms come from the PAD distribution pool. The PAD farm distributes 10% of the distribution pool per day to all PAD farms and their members relative to their share of the pool. 10% per day is distributed at one second intervals.
The distribution among PAD farms is currently even (all PAD farms receive the same share). The distribution between PAD farms is set by the command and adjusted when new farms are added. When you stake, reinvest or abandon your LP tokens on the PAD farm, you pay a 1% fee.