Fundamentals
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PADSwap
PadSwap
Use PADSwap to swap tokens
What is PADSwap?
PADSwap is a decentralized exchange (or DEX, for short). PADSwap is also multi-chain, currently on BSC, Moonriver and Moonbeam with more to come.
System Overview Written in a Fever Dream
How does PADSwap compare to centralized exchanges?
Centralized exchanges (CEXs) like Binance, Coinbase, Kraken or Crypto.com offer a one-stop-shop solution with wallet, exchange, fiat conversion and other features tightly integrated into a single multiplatform application. Newcomer therefore often start trading crypto on these platforms.
Compared to these old centralized exchanges, PADSwap offers benefits like being non-custodial, permissionless and using an Automated Market Maker (AMM) over an order book.
Non-custodial
Custodial exchanges like centralized exchanges are like banks. They hold and handle your tokens. You need to trust them to not withhold your tokens.
PADSwap is non-custodial, which means that—unlike centralized exchanges—PADSwap does not need to possess your tokens in order for you to be able to trade them. Instead, PADSwap allows users to trade tokens from their wallet like MetaMask or Trust Wallet via Liquidity Pools.
Permissionless
Centralized exchanges restrict their services to certain geographies and to selected people e.g. only of certain age.
On PADSwap anyone can use our swap, provide liquidity or stake in our farms. TOAD.Networks products are open for public use without restrictions for anyone.
Automated Market Maker (AMM)
Centralized exchanges usually use an Order Book to facilitate trades. Buyers and sellers announce their interest in a trade and if bids and asks match, the trade is performed. The middle between buyers and sellers defines the price.
PADSwap uses a so called Automated Market Maker (AMM) to facilitate trades. At its core are the Liquidity Pools which replace the order book. Buyers and sellers no longer trade with each other but instead directly trade their assets with the pool. You can think of a liquidity pool as a vending machine which holds two items, e.g. apples and oranges. To get apples, you put oranges in and to get oranges you put apples in, trading one against the other. The ratio between two assets in a liquidity pool defines the exchange ratio (commonly referred to as price). If you take out apples, they become more scares. For you to get even more apples, you would need to supply more oranges per apples than you did before. The recalculation of the ratio takes place for every single asset leaving or entering the liquidity pool. Thus, for large trades (relative to the liquidity in the pool), the change in exchange ratio will also effect your trade, this is known as Price Impact. If the trades of others have a negative impact on your trade, this is referred to as Slippage. Since the exchange ratio is defined by the pool, there are no buyers and sellers in the traditional sense. Given the vending machine example, you can probably see why the action of trading with a liquidity pool is referred to as swapping.
As long as there is liquidity in the pool, you can trade at any point in time. With the DPLP, PADSwap ensures that there is always an incentive for users to provide liquidity. This means that new projects can easily connect to their desired markets by using our LaunchPAD which provides them with a DPLP farm.
How does PADSwap compare to other decentralized exchanges?
On BSC
Text
PADSwap
PancakeSwap
SushiSwap
Swap fee distribution
0.25% to LP providers
0.05% to PAD backing
0.17% to LP providers
0.03% to devs' pockets
0.25% to LP providers
0.05% to SUSHI holders
Reward token tokenomics
Capped supply
Infinitely minted
Capped supply
Reward token backing
Backed by the Vault of accumulated swap fees
None
None
Multi-chain
BSC, Moonriver, Moonbeam
BSC only
Multi-chain
In-house cross-chain bridge
Yes
No
No
Launchpad
Yes
No
No
Partner farms (earn other tokens)
Yes
Partially
(you must stake CAKE)
Partially
(earning half in SUSHI and half in other tokens)
LP as staking reward
Yes
No
No
On Moonbeam
Text
PADSwap
SOLARFLARE
StellaSwap
Dusty Dunes
Thorus
Zenlink
Beamswap
LunarDEX
Swap fee distribution
0.25% to LP providers
0.05% to PAD backing
0.20% to LP providers
0.05% to Treasury
0.25% to LP providers
0.05% to B.Vault
0.03% to LP providers
0.07% to Reserve
0.15% to LP providers
0.15% to Misc.
0.17% to LP providers
0.13% to Misc.
Reward token tokenomics
Capped supply
Capped supply
Capped supply
Capped supply
Capped supply
Capped supply
Capped supply
Capped supply
Reward token backing
Backed by the Vault of accumulated swap fees
$STATIK > $0.99
Multi-chain
BSC, Moonriver, Moonbeam
Moonriver, Moonbeam
No
No
Moonbeam, Avalanche
Moonriver, Moonbeam
No
No
In-house cross-chain bridge
Yes
Yes
Yes
Yes
Yes
Faucet
Yes
"3% Fee" gas-less swap
Yes
Yes
Launchpad
Yes
TBD Targeting Jun 22
TBD
TBD
LP as staking reward
Yes
Solo Staking $GLMR
Yes
Yes
Yes
Yes
Yes
Yes
PADSwap Router and Factory Contracts
BSC (BEP-20)
Moonriver
Moonbeam
Last modified 1mo ago