Swapping Tokens
SmarDex's primary feature is its 'swap' function, which allows users to trade one type of cryptocurrency token for another. For example, if you have ethers and you want to exchange them for a different token on the platform, you can do so easily and efficiently through SmarDex's Hybrid Aggregator. This Aggregator optimizes trades by analyzing and combining the best trade routes available both on SmarDex and across a variety of other DeFi platforms, ensuring you receive the best possible rate for your exchange. Additionally, SmarDex supports cross-chain swaps, allowing seamless exchanges between different blockchain networks.
Providing Liquidity
Your participation in SmarDex goes beyond trading. By depositing a pair of tokens into a SmarDex Volatility Vault (VVs), you contribute to the smooth operation of the platform, facilitating seamless trades. In return for this contribution, you receive Volatility Vault Liquidity Providing Tokens (LP tokens), the amount of which is proportional to the liquidity you've provided in relation to the Volatility Vault's total liquidity. But that's not all. You can further harness the power of LP tokens through 'farming'.
Farming
This is where your LP tokens truly shine. By 'farming' your LP tokens, which involves staking or locking them into a smart contract, you can earn additional rewards. These rewards often come in the form of SDEX. The yield depends on several factors, such as the amount of LP tokens you've staked and the duration of staking.
Staking
Staking forms a core part of your journey with SmarDex. By 'staking' your SDEX tokens in a smart contract on the platform, you actively support the network, bolstering its security and efficiency. In recognition of this contribution, you earn rewards, specifically in the form of SDEX tokens. The number of SDEX tokens you earn as rewards is influenced by the number of tokens you've staked and the duration they remain staked.