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SuiDex is an Automated Market Maker (AMM), and the Exchange is at the heart of SuiDex for digital assets on the SUI. The liquidity provided to the exchange comes from Liquidity Providers ("LPs") who stake their tokens in Liquidity Pools. In exchange, a user gets LP tokens that can also be staked to earn SuiDex tokens in the "Farms".
We will provide the following services for native tokens on SUI: Swap
As one of the first AMM on SUI we will focus on creating the largest liquidity pools for their native tokens.
SuiDex allows you to swap one cryptocurrency for another directly on the SUI network, without any intermediary involvement.
To begin trading on SuiDex, you must first connect your SUI wallet. Then, select the tokens you wish to exchange and input the desired amount. SuiDex will automatically calculate the exchange rate based on the current market price. After reviewing the details, you need to click the confirm button. Once the transaction is completed, you can verify your wallet balance, and the exchanged tokens will now be present in your wallet.
You can only swap tokens on SuiDex 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 rewards by locking their LP tokens into a smart contract.
An Initial Farm Offering is an event that lets users buy into a limited-time offer to purchase new tokens. The IFO price is usually very generous.
The Marketplace is a giant release and an extensive part of the SuiDex ecosystem. This is a huge step for further development of the global DEX and innovative space to earn crypto via NFTs