ArthSwap is the first decentralized exchange platform with the biggest community on the Astar network. It supposedly has a simple user interface and the high APY allows the platform to engage in high-frequency trading on the Astar network. The DEX was introduced to the public in January 2022 as the first Dapps that runs on the Astar network. Within one month of being in the market, it had surpassed 90 million in its TVL. The number of uses has also increased to over 200k.
The DEX‘s features can be found below:
- Astar farm
This is a decentralized finance project that enables you to receive rewards when you stake a particular amount of ASTR.
- ArthSwap IDO/LaunchPad
The launchpad focuses on new projects to raise capital as well as allows users to take part in new projects launched by the Astar Network.
The platform has entered into partnerships with cBridge to help traders bridge their assets from other networks to the Astar network.
How does ArthSwap work?
ArthSwap supports these actions on the platform:
- Add liquidity to earn LP tokens
- Farm and stake tokens
- Swap assets
What can you buy on ArthSwap?
You are permitted to carry out deals with the following assets:
- Tether USD
Is ArthSwap safe?
The vendor doesn’t disclose the exclusive details of ArthSwap’s security. However, the DEX gives users the freedom to retain direct custody of their private keys. Therefore, the risk of losing money through third parties is eliminated.
ArthSwap fees, compatible wallets, and transactions
Metamask, Clover, Polkadot.js, Math Wallet, subWallet, and Talisman are the wallets this platform uses. On the subject of fees, ArthSwap charges a 0.3% fee on all trades. 0.25% of this amount goes to liquidity providers, while the remaining 0.05% is sent to the eARSW staking pool.
What are the ways to trade on ArthSwap?
See below the trading options that are available to you on this exchange:
Farming involves pairing your asset holdings and offering liquidity for the pair. As a result, you receive the ARSW token as a reward.
The platform facilitates the exchange of one token for another. You earn income when the prices of these assets rise and fall due to market factors.
- Liquidity provision
Users can create liquidity pools using the assets available on the platform. They receive LP tokens and a portion of the trading fees when others use their pools.
You can receive customer support through Telegram and Discord. If you are having trouble sending transactions, please fill out the troubleshooting form. The team will try to solve your issue within the shortest time possible.
Should you trade with ArthSwap?
ArthSwap summaryArthSwap summary
- Multiple tokens are available for trading
- Supports bridging
- High-frequency trading is involved
- No info about security features
- Limited customer support options
- Few trading options
- High trading fees