LenoSwap
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    • 🔄Exchange
      • Token Swaps
      • How to Trade
      • Liquidity Pools
      • How to Add/Remove Liquidity
    • 🚜Yield Farming
      • How to Use Farms
      • How to Use Farms with BscScan
    • 🍯Sweet Pools - Stake LENO
      • Sweet Pool FAQ
      • Other Sweet Pools
        • Sweet Pool FAQ & Troubleshooting
  • Tokenomics
    • LENO
      • LENO Tokenomics
      • Controlling LENO supply
  • Reference
    • Old Tokenomics
      • LENO Tokenomics v1
      • Controlling LENO supply v1
  • Contract Governance
    • Farms
    • Sweet Pools
      • SmartChefInitializable
      • PoolDeployer
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On this page
  • Swapping/Trading
  • Liquidity Pools
  • Yield Farming
  • Initial Farm Offerings (IFOs)
  1. Products

Exchange

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Last updated 2 years ago

LenoSwap is an Automated Market Maker (AMM), and the Exchange is at the heart of LenoSwap. LenoSwap is the leading AMM on the BNB Smart Chain, and as statistics tell, the most popular Decentralized Exchange (DEX) ever!

The LenoSwap Exchange offers several features that support decentralized trading:

Swapping/Trading

LenoSwap lets users trade without the need to go through a Centralized Exchange. Everything you do on LenoSwap is routed directly through your own wallet—no need to trust someone else with your coins!

Liquidity Pools

You can only swap tokens on LenoSwap 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

Initial Farm Offerings (IFOs)

An Initial Farm Offering is an event that lets users buy into a limited-time offer to purchase new tokens. The IFO price is usually very generous.

Yield farming lets users that are providing liquidity earn LENO 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.

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