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  • LuniSwap Decentralized Exchanges (DEX)
  • System Component

LuniSwap

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Last updated 1 year ago

LuniSwap Decentralized Exchanges (DEX)

A decentralized exchange (DEX) is a type of cryptocurrency exchange that operates on a decentralized blockchain network instead of a centralized platform. In a DEX, users can trade cryptocurrencies directly with each other using a peer-to-peer network, without the need for an intermediary.

Decentralized exchanges work by creating smart contracts on the blockchain that act as the exchange's order book and matching engine. These smart contracts execute trades automatically when the conditions of a trade are met, such as when a buyer's bid matches a seller's offer.

Because DEXs operate on a decentralized network, they offer several advantages over centralized exchanges, including :

  1. Security: Decentralized exchanges do not hold users' funds or private keys, making them less susceptible to hacks and thefts.

  2. Privacy: Users can trade cryptocurrencies without needing to provide personal information or go through a verification process.

  3. Decentralization: There is no single point of failure, meaning that the exchange cannot be shut down or censored by any central authority.

  4. Access: Anyone can participate in a DEX as long as they have a compatible wallet and an internet connection.

System Component

System ComponentFeatureFeature Overview

User Onboarding

Connect to Wallet

User will connect their :

  • Metamask wallet

  • Trust Wallet

  • BSC Wallet

  • WalletConnect

User Section

Swap

User will be able to swap any BEP-20 Token with other BEP-20 Token, provided the pair holds the liquidity within the platform

Liquidity

Add Liquidity

Users can add liquidity to the platform by investing their tokens to permissionless liquidity pools (LPs). In return, user will receive the LP tokens. As the overall value of the pool rises, these token values also appreciate accordingly.

Remove Liquidity

User will be able to remove liquidity by providing the LP tokens back to the smart contract

Farming

Pool

Another form of earning tokens is Pool. The user can stake their BEP20 tokens (only whose pool is supported by platform) in pools to earn more

native platform tokens. The user can earn more tokens by staking the tokens in the Pool.

Note: Client can share the Pool rules while development - Multiplier of the pool

Referral

Single Leve

User will be able to onboard other users by sharing their referral link The referrer would be able to able to earn commission from the rewards generated by referee from farms

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