The exchange is where you can trade one token for another. It is a simple swap interface, just select the two tokens you wish to exchange.
All prices fictional. Screenshots taken from testnet.
The liquidity provided to the exchange comes from Liquidity Providers ("LPs") who stake their tokens in "Pools". In exchange, they get LP (Liquidity Provider) tokens, which can also be staked to earn JOE tokens in the "farm".
When you make a token swap (trade) on the exchange you will pay a 0.3% trading fee, which is broken down as follows:
0.25% - Paid to liquidity pools in the form of a trading fee for liquidity providers.
0.05% - Sent to JOE token farm. (See Staking for more details)
Last modified 1mo ago
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