The Phiswap Protocol is an open-source protocol for providing liquidity & trading PHI Smart Chain (PHI20) tokens. It eliminates trusted intermediaries and unnecessary forms of rent extraction, allowing for safe, accessible, and efficient exchange activity. The protocol is non-upgradable and designed to be censorship resistant.
The Phiswap Protocol and the Phiswap Interface were developed by PHI Labs.
Check out the Introduction section of our docs for more info on the different roles played by PHI Labs, the Interface, and the Protocol.
How Do I Use The Phiswap Protocol?
To create a new liquidity pool, provide liquidity, swap tokens, or vote on governance proposals, head over to the Phiswap Interface and connect a Web3 wallet. Remember, each transaction on PHI Smart Chain Costs PHI (Φ) Walkthrough, check out our Help Guides.
Phiswap is an automated market maker. In practical terms, it is a collection of smart contracts that define a standard way to create liquidity pools, provide liquidity, and swap assets.
Each liquidity pool contains two assets. The pools keep track of aggregate liquidity reserves and the pre-defined pricing strategies set by liquidity providers. Reserves and prices are updated automatically every time someone trades. There is no central order book, no third-party custody, and no private order matching engine.
Because reserves are automatically rebalanced after each trade, a Phiswap pool can always be used to buy or sell a token — unlike traditional exchanges, traders do not need to match with individual counter-parties to complete a trade.
Build Defi apps and tools on the largest crypto project on PHI. Get started with quick start guides, protocol documentation, a Javascript SDK, and fully open source code.
Phiswap Is A Dex Aggregator Pulling From 3rd Party Liquidity Pools Securing You The Best Available Rates In the PHI Smart Chain & BEP20 Token Market. Stake Φ$ & Generate Passive Income. Phiswap Also Has Its Own Liquidity Pool Contracts. Opening Up A Whole New World Of Possibilities For Developers & Market Makers.
