Decentralized Finance (DeFi) is a blockchain-based financial model that aims to run transactions instantly. Decentralized exchange (DEX) is one of the main models of DeFi, which is considered as a tool that directly connects participants with easy trading and token swapping.
DeffZone Swap offers a number of features that support decentralized trading such as:
Swap / Trade
DeffZone Swap allows users to trade without going through a centralized exchange. Everything you do on DeffZone Swap is transferred directly to your own wallet.
You can only swap tokens on DeffZone Swap if there is enough liquidity for those tokens. If no one adds a lot of liquidity to the token or the tokens you want to swap, it will be difficult, expensive, or impossible to do.
Providing liquidity will earn you LP tokens, which earn you rewards in the form of trading fees to ensure that the exchange is always liquid to use.
Farming allows liquidity users to earn DEFF tokens by locking their LP tokens into a smart contract. This also helps balance out the impermanent loss risk that comes with locking up your liquidity.