Token Swaps

In PheasantSwap, users can trade two assets at any time by simply trading between the corresponding trading pairs. The trade takes place in a smart contract on the multi-chain, and the trading price is determined by the reserve of the liquidity pool and an automated market maker algorithm. After the trade is completed, the asset shares in the liquidity pool will be updated accordingly, and the LP tokens will be redistributed to the liquidity providers. Similar to Uniswap, a certain percentage of fees will be charged for each trade, and a portion of the fees will be distributed as rewards to liquidity providers.