Swap
StreamSwap - A Decentralized Exchange (DEX) powered by Solana
StreamSwap is a decentralized exchange (DEX) built on the Stream Protocol, offering a secure and efficient platform for peer-to-peer token trading. Unlike traditional centralized exchanges, StreamSwap eliminates the need for intermediaries, providing users with increased security, reduced counterparty risk, and faster transaction settlement times.
Advantages of Decentralized Exchanges:
Security: Decentralized exchanges like StreamSwap offer enhanced security as users retain control of their private keys, eliminating the risk of hacks or breaches associated with centralized exchanges.
Reduced Counterparty Risk: With StreamSwap, users engage in direct peer-to-peer trading, reducing counterparty risk and ensuring transparent and trustless transactions.
Faster Settlement: By operating on the Stream Protocol's high-speed blockchain, StreamSwap enables faster transaction settlement, ensuring a seamless trading experience.
Swapping on StreamPay's Wallet
StreamPay's wallet application includes a convenient swapping feature that allows users to exchange one cryptocurrency for another within their private key wallet or trading account. This process, known as swapping, provides the benefits of non-custodial, on-chain secured, and faster trade settlement.
Cross-Chain Swaps: Leveraging the interoperability of the StreamPay, StreamSwap enables cross-chain swaps, allowing users to exchange assets between different blockchain networks seamlessly. This feature opens up new opportunities for users to access a diverse range of assets and liquidity pools.
Trading Fee Structure: For using StreamSwap, users are charged a minimal trading fee of 0.2% for swapping assets. Out of this fee, 0.15% is re-deposited into the liquidity pool, incentivizing rewards for liquidity providers. Furthermore, 0.05% of the fee is sent to the staking pool, where it is utilized to reward staking users.
Market Rate Swapping: Through the StreamPay™ app, users can instantly exchange one currency for another at the market rate. This ensures fair and competitive trading, providing users with the best possible value for their swaps.
Available SPL Tokens for Swapping: Initially, StreamSwap will launch with support for Stream Token (STRM) swaps. However, based on the liquidity pools, additional SPL tokens will be made available for trading on StreamSwap, offering users a diverse selection of assets.
StreamSwap is designed to provide users with a seamless and efficient decentralized trading experience, with lower fees and increased flexibility in accessing different assets and liquidity pools.
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