Our very own DEX (decentralized exchange) LibreSwap is now live on Binance Smart Chain! LibreSwap enables token transactions to be performed via smart contracts instead of order books directly from your Web 3.0 wallet. LibreSwap ensures that users can make multiple transactions on the exchange without the availability of buyers or sellers on the other side of the transaction, which means users can complete transactions within moments of initiating the transactions.

LibreSwap implements different fee structures which put more rewards into the wallets of Liquidity pool (LP) providers who make the market to ensure that there are always tokens available for exchange.

On each trade completed by a user of LibreSwap, there is a transaction fee of 0.25%. 0.2% of the fee gets distributed to the LPs, while 0.05% goes to the Libre Treasury. Users are strongly recommended to add liquidity for any trading pair they want to see on LibreSwap. The system will favor users that provide early liquidity for new trading pairs. For example, if a user wants to see a BUSD/CAKE pair, the user can click on the “add liquidity” tab, and the system will create a new pair of LP tokens. The more a user deposits, the higher percentage of the pool they own and the more they will earn from trading fees.

The team has developed its own Software Development Kit (SDK), a package containing a set of tools for developers to best integrate LibreSwap into their own platforms. With our SDK, other projects can integrate LibreSwap with their Dapps and access liquidity and the smart contracts that we have built. A decisive advantage of our SDK is that as trades happen on other platforms using our SDK, the SDK accumulates fees for our LibreSwap LP providers and increases liquidity on LibreSwap.

LibreSwap was released on Binance Smart Chain (BSC) on January 7th. It will be available on Avalance and Polygon later in the month.

Happy trading!