Swap
Decentralized exchange
Last updated
Decentralized exchange
Last updated
ZSwap is an Automated Market Maker (AMM) and the exchange contracts are at the heart of the DEX. ZSwap offers several features that support decentralized trading:
ZSwap lets users trade without the need to go through a centralized exchange. Everything you do on ZSwap is routed directly through your own wallet — there's no need to trust someone else with your coins!
ZSwap runs on the Avalanche Network, using much lower gas fees than most networks. The fees on Avalanche are dynamic. This means, that they fluctuate with the demand of the network and float between 25 nAVAX (gwei) and 225 nAVAX (gwei). They are often significantly lower than Ethereum, Layer 2s and comparable Layer 1s.
On top of this, the ZSwap transaction fees are also some of the lowest in the industry, being on average 20% lower for each product offering. The UniV2 Factory has a 0.25% fee vs TraderJoe on a 0.3% fee for example. All contract upgrades and additional services will aim to achieve ~20% cost-efficiency improvements over incumbent market leaders.
You can only swap tokens on ZSwap if there is enough liquidity for those tokens. If liquidity hasn't been added for the token or tokens you want to swap, it will be difficult, expensive, or impossible to do so.
However, you can provide liquidity and create your own 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. If you are adding new pairs, please contact the team so we can add these tokens to the verified token list.
Yield farming lets users that are providing liquidity earn ZAP 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.
