Exchange
Last updated
Last updated
Blue Lotus DAO is an Automated Market Maker (AMM), and the Exchange is one of the important products of the DAO.
The Exchange offers several features that support decentralized trading:
Blue Lotus DAO lets users trade without the need to go through a Centralized Exchange. Everything you do is routed directly through your own wallet!.
You can only swap tokens on Blue Lotus DAO 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.
Yield farming lets users that are providing liquidity earn GENESYS rewards by locking their LP tokens into a smart contract. The incentive is to balance out the risk of that comes along with locking in your liquidity.
An Initial Blue Offering, could be Private or Public, are events that lets users buy into a limited-time offer to purchase new tokens. The IBO price is usually very generous.
