Token Swaps on Trading Post are a simple way to trade one token for another via automated liquidity pools.
When you make a token swap (trade) on Trading Post, you will pay trading fees according to the type of liquidity pool your trade is being routed through. You may check the route details by clicking the magnifier icon on the "Route" section.
For Exchange V3 liquidity pools, there are currently four different fee tiers: 0.01%, 0.05%, 0.25%, and 1%.
For StableSwap liquidity pools, the fee rate depends on the individual pool configurations. Please check the "Fee" section for more details.
For Exchange V2 liquidity pools, a fixed 0.25% trading fee is applied
Trading Post is an Automated Market Maker (AMM), and the Exchange is at the heart of TradingPost. Trading Post is the designated home AMM on the CAMP network!
The Trading Post offers several features that support decentralized trading:
Trading Post lets users trade without the need to go through a Centralized Exchange. Everything you do on Trading Post is routed directly through your own wallet, there is no need to trust a custodian!
You can swap tokens on TradingPost if there is enough liquidity for those tokens. If nobody has added 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 TP 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.
In Exchange V3, on default, Trading Post Smart Router will utilize liquidity from V3, V2, StableSwap, and the AMM or market makers, to execute trades and find the best price for traders.
However, users are always able to customize their trade by choosing which liquidity sources the router shall utilize, and enable or disable multihops and split routing.
Multihops allow tokens to swap through multiple hops between several liquidity pools to achieve the best deal. Turning it off will restrict trades to direct swaps, which may cause higher slippage or even fund loss.
Split routing enables tokens swaps to be broken into multiple routes to achieve the best deal. Turning it off will restrict trades from being executed with a single route, which may result in low efficiency or higher slippage.
In the Exchange V3, liquidity will be managed in the form of a non-fungible position. You will still earn a share in the fees while providing liquidity.
When you add your token to a Liquidity Pool you will receive a Liquidity Provider NFT token and share in the fees.
In V3, liquidity providers have more control over what price range they want to deploy their liquidity. So, when you add your token to a Liquidity Pool in V3, you will create a new non-fungible liquidity position with its unique settings.
Therefore, in V3, liquidity positions are NFTs. Please note that these NFTs are transferable, and they represent the ownership of the underlying assets and the trading fees they earned.
In V3, trading fees will no longer be automatically compounded in the position. You can manually claim them on each of the position detail pages.
You can redeem your funds at any time by removing your liquidity.
In V3, liquidity providers can configure their positions to only provide liquidity when the price is within a certain range. If the trading price moves out of the range, the position will consist of only one type of token in the pair and become inactive.
Inactive liquidity positions will not participate in trading or earn any trading fees.
In V3, because of liquidity providers can concentrate their token deposits to provide liquidity only within a specific price range. With the same amount of underlying assets, V3 can support a much bigger trade.
It results in a much higher relative liquidity level when compared to V2. Liquidity providers can earn more trading fees with the same amount of capital.
To make being a liquidity provider even more worthwhile, you can also put your liquidity positions to work inside of the TP Farms, while still earning the base trading fee rewards.
As an example, if you deposited TP and CAMP into a Liquidity Pool, you'd receive TP-CAMP LP tokens.
The number of LP tokens you receive represents your portion of the TP-CAMP Liquidity Pool.
You can also redeem your funds at any time by removing your liquidity.
Whenever someone trades on Trading Post, for each hop (swap) in each Exchange V2 liquidity pool, the trader pays a fixed 0.25% fee.
Similar to Echange V3, you will be able to deposit some of the LP tokens into farms to earn additional TP on top of the base trading fees.
Providing liquidity is not without risk, as you may be exposed to impermanent loss.
Trading Post Smart Router is a routing algorithm that links the AMM and stableswap, and the AMM to market makers, to provide better liquidity and pricing. It uses a smart order routing algorithm that executes trades across multiple pools to find the best price for traders.
Swap your stablecoins or other pairs with similar asset prices more efficiently with the same trade steps.
Swap against market makers, who may provide better execution on trades than the normal Trading Post AMM.
With the StableSwap function, the trading slippage is lower than normal AMM
The StableSwap trading fees are lower compared to the normal AMM
StableSwap on Trading Post is a feature to trade stable pairs with a lower slippage based on an invariant curve slippage function. It is designed to swap specific assets that are usually priced closely - such as stablecoins or liquidity-staking tokens.
The StableSwap is an implementation of Curve Finance's AMM on Trading Post. It adds a linear invariant constant sum curve (x+y=K) on top of the constant product formula (x*y=k) to keep prices more equal as long as the liquidity pool is not extremely unbalanced. As a result, since StableSwaps are restricted to similarly priced assets, the impermanent loss is not as much of a concern (except in extreme depeg cases) and the slippage is lower than normal AMM which just uses the constant product formula.
When you conduct a Swap (trade) on the StableSwap you will pay lower trading fees, than the usual 0.25% on Exchange V2 AMM.
Fees for each pair are broken down per trading pair.
The team will gradually roll out StableSwap pairs and revise the fees to test and improve the experience further.
Swap your stablecoins or other pairs with similar asset prices more efficiently with the same trade steps
With the StableSwap function, the trading pair slippage is lower than normal AMM
The StableSwap trading fees are lower compared to the normal AMM
Allow you to get your swaps at desired prices by leaving instructions how to fill buy or sell orders at specific prices. The trade will only be executed if the price on Trading Post reaches your limit price (or better).
Is a common order type that breaks an order into smaller trade sizes and executes them at regular intervals. The main goal of a TWAP order is to reduce the order's price impact and get the best execution.
The Limit Orders and TWAP feature is developed by Orbs and powered by Orbs' L3 technology.