🟪Swap
Last updated
Last updated
A cryptocurrency Swap is a financial transaction in which two parties agree to exchange one cryptocurrency for another, based on a pre-agreed exchange rate. This transaction can be carried out on a decentralized finance (DeFi) platform or a centralized exchange, without the need for intermediaries or traditional financial institutions, reducing costs and making transactions more efficient. In addition, our Ultron Vault swaps can be carried out instantly and at any time, allowing users to take advantage of real-time trading opportunities.
An additional benefit of Ultron Vault swaps is the ability to provide liquidity in liquidity pools. These pools are created by users who deposit their cryptocurrencies into a specific wallet and, in return, receive tokens representing their participation in the pool. These tokens can be used to make transactions within the pool or exchanged for other cryptocurrencies.
Liquidity providers are rewarded with transaction fees and other incentives, such as governance tokens, for providing liquidity to the pool. Users can also take advantage of the liquidity provided by liquidity pools to make cryptocurrency swaps.
Our Ultron Vault liquidity pool will charge a 0.3% fee on all transactions, which is distributed among liquidity providers based on their participation in the pool.