Take a fresh look at your lifestyle.

How does Binance Liquid Swap work?


With Binance Liquid Swap it's possible exchange pool tokens instantly Y earn rewards.

In fact, Binance Liquid Swap has low fees with low spreads and it allows users to easily add tokens to the group to become a market maker and earn interest and a share of the transaction fees for the group.

Swaps are especially useful for stablecoins, in part because prices are more stable and fees are lower, especially for large transactions.

Binance Liquid Swap is based on a liquidity pool: in each pool, there are two tokens, and the relative amount of these two tokens determines the price. Exchanges can take place as long as there are tokens in the pool.

Although it may seem complicated, it is actually quite simple, since all the does Binance– Users only have to bring liquidity or exchange their tokens in the token pools.

In addition, by providing liquidity, Binance pays interest and a portion of the commissions on the transactions that take place in the group.

Binance Liquid Swap Guide

Within the Binance Liquid Swap page, there are two tabs, "Add" Y "Get rid of".

The eyelash "Add" allows you to easily and quickly add liquidity by choosing which token to deposit and in which group to deposit it.

In contrast, the tab "Get rid of" allows users to withdraw tokens from groups by choosing one of the groups in which they previously deposited the tokens and the token they wish to withdraw.

Providing liquidity to the pool can generate income, as wagered tokens receive a portion of the commissions from transactions in the pool, and the user is credited with flexible savings interest. However, when the price of a token fluctuates a lot, the group's shareholders may not achieve the expected profit, so participation carries risk and there is no guarantee of the invested capital.

Instead, on the swap page, all that is required is to deposit the tokens to be exchanged and select the ones to be received.

Binance Liquid Swap is an easy-to-use product as a gateway to begin to understand how decentralized finance (DeFi) works.

Leave A Reply

Your email address will not be published.