YetiSwap is a decentralized automated market maker (AMM) on the Binance Smart Chain (BSC) that enables users to trade cryptocurrencies in a permissionless and non-custodial manner. It operates similarly to popular decentralized exchanges like Uniswap.
YetiSwap aims to provide users with a fast, secure, and low-cost trading experience by leveraging the Binance Smart Chain infrastructure. It harnesses the concept of liquidity pools, where users can provide liquidity by locking up their tokens and receive LP tokens in return. These LP tokens can then be used to earn trading fees and other rewards.
Users can trade various tokens on YetiSwap, swapping between different assets directly from their wallets. YetiSwap utilizes an algorithmic pricing mechanism that calculates the rates based on the available liquidity in the pools.
The native token of YetiSwap is called YTS. It is used for governance, allowing YTS holders to participate in the decision-making process of the platform. YTS holders can vote on proposals, such as fee adjustments or listing new tokens.
YetiSwap also features yield farming opportunities, where users can stake their tokens in specified pools to earn additional rewards. These rewards are distributed in the form of YTS tokens or other tokens supported by the platform.
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