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BAPTSWAP is an Automated Market Maker (AMM), and the Exchange is at the heart of the exchange. BAPTSWAP is the first AMM on the Aptos Network to offer launching and trading fee-on-transfer supported tokens!
The BAPTSWAP Exchange offers several features that support decentralized trading:
BAPTSWAP lets users trade without the need to go through a Centralized Exchange. Everything you do on BAPTSWAP is routed directly through your own wallet—no need to trust someone else with your coins!
On BAPTSWAP, tokens launched are able to implement taxes for trading the asset. All tokens deployed on BAPTSWAP will be allocated free Staking Pools, where holders can stake their tokens, without staking/unstaking fees, and enjoy dual rewards for both assets in the LP pair!
Holders of BAPT will earn rewards both in APT and BAPT for staking their tokens in the allocated Pool for BAPT!
You can only swap tokens on BAPTSWAP 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.
LP farming lets users that are providing liquidity earn BAPT 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.