Token Swaps
Introduction
Token Swap is the most important and frequently used product for a Decentralized Exchange (DEX). Vanswap uses the mainstream Automated Market Maker (AMM) mechanism for its token swap feature.
What is AMM? Please read this article published by Binance Academy.
Vanswap is the leading AMM for the Vision Network, you will find most of the assets on Vision at Vanswap platform.
Price Impact and Slippage Tolerance
Normally, when you swap, your trade will be affected by a price slippage. Price slippage is inevitable and the degree to which it affects your trade depends on a number of factors: your trade size, the liquidity pool, etc.,
To learn more about slippage and price impact and how to minimize its impact on your trade, please read this detailed article published by 1inch.
Trading Fee
The standard trading fee for token swaps on Vanswap is 0.3%, 1/6 of which is allocated to the treasury, and 5/6 of which is the LP fee for liquidity providers.
How to Swap
If you are new to Defi and Token Swaps, please take some time to check out the detailed step-by-step guide.
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