How to swap on SyncPad?
To swap tokens on Zetachainswap, the easiest type of trading, follow these steps:
To swap tokens on Zetachainswap, the easiest type of trading, follow these steps:
Ensure you're on the Zeta mainnet and connect your wallet to Zetachainswap.
Choose the token you wish to swap from the list in the upper section, and make sure you have that token in your connected wallet.
Select the token you want to swap with in the lower section.
Verify that the slippage amount is appropriate, as it varies for different tokens.
If you're swapping a token for the first time on Zetachainswap, you'll need to enable it by clicking the "enable" button and confirming the transaction in your wallet.
Finally, click "swap" and confirm the transaction in your wallet to complete the token swap.
Advantages to providing liquidity:
There are advantages to providing liquidity for Decentralized Exchanges (DEXs) in the cryptocurrency space, including passive income generation, improved market efficiency, diversification of crypto holdings, contribution to decentralization, participation in governance, and flexibility and control over assets. However, it's important to understand the risks and fees associated with liquidity provision and carefully assess each DEX's specific terms and conditions before participating.
Passive Income Generation: Liquidity providers on DEXs can earn passive income by supplying tokens to the liquidity pool. As users trade against the pool, they pay fees, which are then distributed proportionally among the liquidity providers. This presents potential earning opportunities without the need to actively trade or take on additional risks.
Improved Market Efficiency: By providing liquidity, users help to enhance the overall market efficiency of the DEX. Liquidity providers bridge the gap between buyers and sellers, ensuring that there are sufficient tokens available for trading. This can result in reduced slippage and improved pricing for traders, creating a more attractive trading environment.
Diversification of Crypto Holdings: Liquidity provision allows users to diversify their cryptocurrency holdings. By supplying tokens to liquidity pools, users can gain exposure to different tokens and potentially earn fees from multiple trading pairs. This can help to spread risk across different tokens and increase portfolio diversification.
Contribution to Decentralization: DEXs are a crucial component of the decentralized finance (DeFi) ecosystem, which aims to create accessible financial services without relying on intermediaries. By providing liquidity to DEXs, users actively contribute to the decentralization of the crypto ecosystem and support the vision of a more inclusive financial system.
Trading Fee Structure
0.20% is returned to liquidity pools as a reward for liquidity providers.
0.05% goes to the Zetachainpad Treasury.
(Please be aware that experiencing high slippage could lead to unfavorable exchange rates and possible loss of funds)
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