Tethereum DEX is an Automated Market Maker (AMM), and the Exchange is at the heart of PancakeSwap. Tethereum is the leading AMM on the BNB Smart Chain, and as statistics tell, the most popular Decentralized Exchange (DEX) ever!
The Tethereum DEX offers several features that support decentralized trading:
Tethereum DEX lets users trade without the need to go through a Centralized Exchange. Everything you do on Tethereum DEX is routed directly through your own wallet—no need to trust someone else with your coins!
Liquidity Pools #
You can only swap tokens on Tethereum DEX 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 #
Yield farming lets users that are providing liquidity earn T99 rewards by locking their LP tokens into a smart contract. The incentive is to balance out the risk of impermanent loss that comes along with locking in your liquidity.
Initial Farm Offerings (IFOs) #
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.