GemSwap
  • What is Gemswap?
  • Roadmap
  • Products
    • 💱Exchange
      • Token Swap
      • How to Trade
    • Yield Farms
  • Tokenomics
    • $GEM
  • How to?
    • How to connect to KCC
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  • Swapping/Trading
  • Liquidity Pools
  • Yield Farming

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  1. Products

💱Exchange

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Last updated 3 years ago

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GemSwap is an Automated Market Maker (AMM), and the Exchange is the main product of GemSwap. Another common term for AMM would be Decentralized Exchange (DEX).

The GemSwap Exchange offers several features that support decentralized trading:

Swapping/Trading

GemSwap lets users trade without the need to go through a Centralized Exchange, setting up accounts or providing KYC information. Everything you do on GemSwap is routed directly through your own wallet—no need to trust someone else with your coins!

Liquidity Pools

The GemSwap exchange can only operate when there's enough liquidity to support trades; if nobody wanted to sell you KCS for example, then it wouldn't matter how much you wanted to trade for some.

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

Yield farming lets users that are providing liquidity earn GEM rewards by locking their LP tokens into a smart contract. The incentive is to balance out the risk of impermanent loss that comes along with locking in your liquidity.