Netswap Went Live On MetisDAO Andromeda Layer 2 Network
Netswap is a decentralized exchange (DEX) which runs on Metis Andromeda (Layer2). As the core value exchange place, Netswap uses the same automated market-making (AMM) model as Uniswap. However, unlike Uniswap, Netswap is a native Layer2 DEX, which will utilize the key features of Metis Layer2, including low transaction cost, high transaction speed and high scalability to support various bridged and Layer2 native tokens, and more innovations.
Netswap believes that with the affordable and scalable infrastructure of Layer2, different DApps and even businesses will be able to fully exploit the feature of blockchain, and thus build a vivid and promising Web3 economy.
Netswap will support various tokens, either bridged tokens from other chains, or native Layer2 tokens issued by different DApps. Furthermore, Netswap will embrace innovations. Netswap has worked with Wowswap to provide the built-in leverage swap function(up to 5X leverage), aiming to provide users with many more functions and ways to exchange value.
Netswap also aims to be the propeller for projects to start their cold launch, the Launchpad that Netswap will release in the near future will help projects to build their initial community recognition and raise funds for the project development.
NETT Token Economics
Netswap has a native governance token called NETT that is fully community distributed and is capable of trading all tokens issued on Ethereum and Metis Andromeda.
About Swap Fees
For every transaction made on Netswap, 0.3% transaction fee will be charged, in which 0.25% will be rewarded to LPs, and 0.05% will be collected by the platform.
ABOUT Netswap
Netswap is a decentralized exchange (DEX) which runs on Metis Andromeda (Layer2). As the core value exchange place, Netswap uses the same automated market-making (AMM) model as Uniswap
