Swap Finance is a decentralized finance (DeFi) application that functions as a decentralized exchange (DEX). It enables users to trade cryptocurrencies directly from their own wallets in a non-custodial manner, meaning they retain control of their private keys. The protocol uses an automated market maker (AMM) model, where users trade against liquidity pools rather than a traditional order book. In addition to swapping tokens, the platform allows users to earn passive income by providing liquidity to these pools. As a decentralized protocol, it operates via smart contracts on a blockchain and does not have a traditional corporate structure or central management.

Founded in

Australia