Token Swaps
Last updated
Last updated
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.
Vanswap is the leading AMM for the Vision Network, you will find most of the assets on Vision at Vanswap platform.
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.
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.
If you are new to Defi and Token Swaps, please take some time to check out the detailed step-by-step guide.