🛒AMM
Automated Market Maker
Last updated
Automated Market Maker
Last updated
AMM platforms are used to facilitate decentralised cryptocurrency trading. By staking your assets to provide liquidity for swaps on an AMM, you can earn trading fees at the risk of impermanent loss.
Are you new to automated market makers (AMM)?
AMM are complex topics with risks and benefits; best researched fully before investing, fur-ends! ☝🐱 Read more about Impermanent Loss.
You want to know how to swap fur-end? Well check this out, it's easy!
The fee distribution is broken down on the 💸 Feeconomics page showing the proportion split between LP providers and for burning $FISH🐟 and $PAW🐾. The main thing to remember is that our fees are lower than most other AMMs at a total of 0.24%! 🙀
This lets us be routed more frequently with traffic than some other sites, helping our ecosystem and LP holders
If you have created a LP on another DEX (such as SushiSwap, QuickSwap, Dfyn, etc.), you'll first need to remove/break your LP on their website. After that, you'll be able to re-create it on our Polycat DEX as below.
There are a few ways to create your LP on Polycat DEX (CAT-LP):
If you don't see a pool that you have joined, you can "Import it", as shown above. You can then manually select the tokens in your pair to manage your LP.
From here, you can Withdraw, breaking the LP apart into a 50/50 split of the two tokens for you (based on price). Fees are claimed when breaking your LP.
To create a CAT-LP token (Polycat DEX Liquidity Pair):
Click the "Add Liquidity" button (shown above).
A window will open (shown below).
Select pairs and amounts of the CAT-LP you want to create.
