CryptoSwap is an Automated Market Maker (AMM), and the decentralized exchange (DEX) is at the heart of the CST project. Because it is truly decentralized, our community drives the utility of the project forward, proving once again that crypto is the people's currency.
The CryptoSwap Exchange offers several features that support decentralized trading:
CryptoSwap lets users trade without the need to go through a Centralized Exchange. Everything you do on CryptoSwap is routed directly through your own wallet. Never trust a foreign entity to manage your coins!
You can only swap tokens on CryptoSwap if there is enough liquidity for those tokens. If nobody has added much liquidity for the token or tokens you want to swap, it will be difficult, expensive, or impossible to do so.
Providing liquidity will get you LP Tokens, which will earn you rewards in the form of trading fees for making sure there's always liquidity for the exchange to use.
Yield farming lets users that are providing liquidity earn CST rewards by locking their LP tokens into a smart contract. The incentive is to balance out the risk of impermanent loss (IL) that comes with locking in your liquidity.