Generalize
Information
KuSwap is the first Automated Market Maker built on top of the BYDFi Community Chain (KCC), and it debuted on its own Launchpad in June 2021, which also happened to be the first BYDFi Community Chain crowdfunding. KuSwap's key objective is to increase decentralized worldwide adoption by increasing the utility cases for KUS. KuSwap's Exchange is a non-custodial, decentralized exchange (DEX) where users are allowed to trade without having to surrender the possession or control of their tokens to other entities. The decentralized exchange works with liquidity pools, which allow users to earn money by providing liquidity for a pair of assets. The liquidity providers receive a very small percentage of the transactions (0.1%). For trusted pairs, such as projects that launch on KuSwap, the exchange will return the swap fees in the form of KUS tokens, effectively making the transaction fee-free for these selected pairs. Yield farming on KuSwap lets users that are providing liquidity earn KUS 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.
Information
What is KuSwap and its features?
Answers
Coin ranking
Popular Q&A
- I'm interested in buying Kusama coins. Can you please guide me on how to purchase them? I would like to know which platforms or exchanges support Kusama, the steps involved in the purchasing process, and any important considerations to keep in mind.2021-12-01
- I'm interested in buying Kusama, a digital cryptocurrency. Can you please provide me with the current price of Kusama and recommend a reliable platform where I can purchase it? I want to make sure I'm getting accurate information and a safe place to buy.2021-12-01
- I am considering investing in Kusama, but I'm concerned about the safety of my investment. Is it safe to invest in Kusama? Additionally, where can I find reliable exchanges to buy Kusama?2021-12-01
- What makes Kusama stand out from other cryptocurrencies and why should I consider buying it?2021-12-01
- Can you provide me with the current price prediction for Kusama (KSM)? I'm interested in knowing what experts think about its future price movements.2021-12-01
- I'm interested in finding out if there are any experts or analysts who have a track record of making accurate price predictions for Kusama (KSM) in the past. Can you provide any insights on this? I would like to know if there are any reliable sources that I can refer to when making investment decisions.2021-12-01