🔁Swaps

Introduction

Swaps are the most common way of interacting with the Defi Base protocol. For end-users, swapping is straightforward: a user selects a Base Chain token that they own and a token they would like to trade it for. Executing a swap sells the currently owned tokens for the proportional amount of the desired tokens, minus the swap fee, which is awarded to liquidity providers. Swapping with the Defi Base protocol is a permissionless process.

On Defi Base there is a 0.17% trading fee per swap, which will be divided as follows:

• 0.1% LP Providers

• 0.07% Development

Note: Using web interfaces (websites) to swap via the Defi Base protocol can introduce additional permission structures and may result in different execution behavior compared to using the Defi Base protocol directly.