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NetSwap

Netswap just like a bolt of lightning
Category
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Finance
Blockchain
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Ethereum, BSC
Currency
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NETT
Publisher
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NETSWAP Team
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What is NetSwap?
One-stop trade, earn and win crypto on our decentralized platform based on the MetisDAO ecosystem. Netswap builds on the frontier of DeFi, providing users with an innovative and unique trading experience that is seamless, accessible and empowering. Maximise your yield generating activities on the premier and market leading multi-functional Decentralised Trading Platform. Exclusive to the Metis Andromeda(Layer2).

Trading
A decentralized exchange is where you can swap one token for another. There are thousands of cryptocurrencies on the Metis Andromeda(Layer2) and using Netswap(DEX), you can discover and swap them with as little as one click. To Trade Metis, NETT, stablecoins or other cryptocurrency tokens simply select the two tokens you wish to exchange using the swap panel on the swap page.

Increasing slippage to swap
Some tokens may have a 'Reflect' element to them. This simply means there is a type of transaction tax when trading those tokens. That is part of the token design and not a feature of the Netswap. Reflects on a token typically range between 5% to 20%. Some even higher. To swap these kind of tokens, you need to increase your slippage, do this by clicking this button.

Pool APR
Pool APR is the yield you accrue by adding liquidity to a Pool. You earn 0.25% of all trades on this pair proportional to your share of the pool. Fees are added to the pool, accrue in real-time, and can be claimed when you withdraw your Liquidity.

Yield Farming
Yield Farming is the process of using DeFi protocols to generate interest on your cryptocurrency assets. There are various forms of yield farming, such as providing liquidity, staking or lending and each option comes with different user considerations before participating. For the purposes of this page, we will focus on yield farming via providing liquidity.

wNETT
Netswap has a vision, which is to become a hub for new primitives. This vision entails the all-inclusive service to Launchpad, List, and Farm via a seamless and unique offering. Launchpad is a central piece of this ecosystem and for users who wish to access exclusive Launchpad, wNETT is the required ‘ticket to enter park’.

Incentive
The original intention of Netswap is to become an infrastructure to incentivize and promote Metis ecosystem. Due to the trading value of mainstream token pairs, they don’t need that much $NETT incentives for liquidity (refer to trading volume and transaction fees on Uniswap). Therefore, $NETT incentives will gradually move to support Metis native projects in the future. Netswap will open the 2xReward pool to maximize the incentives for native projects on Metis Andromeda, and our community will be able to enjoy those benefits. Based on this, $NETT rewards will be distributed to the community in more interesting ways in the future, and Netswap team will gradually build a set of quantifiable incentive mechanisms and announce them in proper time.
Information
Type
Automated Market Maker
Blockchain
Ethereum, BSC
Currency
NETT
Platform
Windows, macOS
Publisher
NETSWAP Team
FAQ
Chain ID 1088(Andromeda)
RPC URL https://andromeda.metis.io/?owner=1088
Block Explorer https://andromeda-explorer.metis.io/
Yes, we're the first native DEX on Metis Andromeda, and we're not working on other networks for now.
After staking LP token to the farm, your liquidity won't show on the pool page, and you're still getting LP transaction fee rewards, but you cannot check them directly.
If you want to check your LP details or remove liquidity, you need to unstake LP token first.
After staking more LP token into the same farm, your previous NETT rewards will be harvested automatically, check your wallet and you'll find those NETT.
After providing liquidity into the pool, you'll get NLP (LP token) of this pair automatically.
Double rewards farm with both NETT and ?token rewards.
This should be an incompatibility problem caused by Chrome versions, operating systems, or other plug-ins factors, you can try it again on another browser.
Go to https://netswap.io/#/analytics/accounts, enter your wallet address and click 'Load Account Details', then you'll be able to check your LP transaction fee rewards.
LP transaction fee rewards are split between both assets equally, and they are distributed when you remove liquidity. For example when you remove 50% of your liquidity, you get 50% of your rewards. When you remove 100% of your liquidity, you get 100% of your rewards.
Also your LP transaction fee rewards are added to your liquidity position automatically.
This should be an incompatibility problem caused by Chrome versions, operating systems, or other plug-ins factors, you can try it again on another browser.
Usually failed swap transactions are caused by insufficient gas fees or large price movement. If you have enough $METIS for gas fee, set the slippage tolerance to 1% or higher.
Also be aware of the local time of you desktop, which must equal the actual time of your location.
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