RimSwap — one of the first automated market maker (AMM) decentralized exchanges (DEX), built on the Oasis Emerald network. Supporting many services and features, it will allow you to exchange crypto assets, earn passive income from staking and profitable farming, NFTs and even launch your own crypto projects on the Oasis Emerald network. It is a one-stop DeFi hub on the Oasis network.
About the RimSwap project
OasisGorillas NFT was developed by the project team. Thus, OasisGorillas holders will receive a free distribution of RIM tokens every week. The RIM Token - the native token of the RIMSwap DEX. Every week, 30% of the trading fees from the RIM Swap DEX will be distributed to OasisGorilla NFT holders. To use RIM Swap, you will need a Metamask wallet, connected to the Oasis Emerald main network. However, when connecting MetaMask to RIM Swap, you need to configure MetaMask to work with Oasis Emerald's main network. Oasis Emerald requires $ROSE to pay gas for performing transactions on the network.
Users can trade coins on the Oasis Emerald network without resorting to a centralized intermediary and without paying excessive fees. With RIMSwap, the small trading fees that are charged will be fully shared among the liquidity providers. This ensures that liquidity providers are trying to provide the depth of liquidity, needed to provide you with the best prices across the board.
When you exchange (trade) tokens on an exchange, you pay 0.25% of the trading fee, which is distributed as follows:
| 1 | 0.17% - returned to liquidity pools as a fee to liquidity providers. |
| 2 | 0.08% - sent to RIMSwap treasury. |
If there is sufficient liquidity for certain tokens, users can exchange tokens. However, the lack of liquidity for the tokens you want to trade can make the transaction difficult, costly or even impossible. Users who provide liquidity to liquidity pools will receive RIMSwap-LP tokens. Users are incentivized through the commissions they receive from trading on the platform. Thus, the availability of liquidity for the DEX is guaranteed to a certain extent.
Yield Farms
RIM Swap yield farms allow users to earn RIM by supporting RIMSwap by staking LP tokens. By adding liquidity to the platform, users earn LP tokens. Staking LP tokens will result in RIM as a reward. Using farms on RIMSwap - a great opportunity to earn RIM. At Farm, you must provide RIMSwap-LP tokens, obtained by staking a pair of tokens in liquidity pools. Thus, users can earn RIM without having to violate their other positions.