💱 Exchange
Last updated
Last updated
MegaMoon uses Quickswap to be an Automated Market Maker (AMM). Quickswap is the leading AMM on the Polygon Chain and according to statistics, the most popular decentralized exchange (DEX) ever! The Quickswap exchange offers several features that support decentralized trading:
MegaMoon lets you trade without having to go through a Centralized exchange. Everything you do on Megamoon is handled directly through your own wallet - you do not have to entrust your coins to someone else!
You can only swap tokens on MegaMoon 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 lets users that are providing liquidity earn Moon rewards by locking their LP tokens into a smart contract. The incentive is to balance out the risk of impermanent loss that comes along with locking in your liquidity.
