Documentation
Swap & Liquidity
The Reisa DEX is where every token on Reisa trades. Swap any pair in one click, or provide liquidity and earn from every trade that goes through your pool.
Swap#
- Open Swap and pick the two tokens.
- Type an amount. The app shows what you receive, fees included, and the price impact.
- Set the minimum you accept, then confirm in your wallet.
When two tokens have no direct pool, the app routes the swap through REISA, since every launched token trades against it.
Swap fee#
Every swap pays 1 %. The fee is taken on the quote side of the pair, the side you price the pair in:
| Pair | Quote side |
|---|---|
| Any launched token / REISA | REISA |
| REISA / WETH | WETH |
| REISA / RESD | RESD |
| REISA / USDG | USDG |
| WETH / RESD, WETH / USDG | WETH |
| RESD / USDG | RESD |
When you pay in the quote token, the fee comes off what you pay. When you receive it, the fee comes off what you receive. Launched tokens can also carry a creator tax of up to 5 %, taken the same way and always shown before you confirm.
Provide liquidity#
Deposit both tokens of a pair in equal value and you receive LP tokens for your share of the pool.
- You keep 70 % of the swap fee your liquidity earns. It adds to the pool, so your share grows with every trade.
- No fee to add or remove liquidity. Adding or removing liquidity pays no creator tax either.
- Withdraw any time. Removing liquidity returns your share of both tokens, fees included.
- Create a pool by adding liquidity to a pair that does not exist yet. Your first deposit sets the starting price. Every pool needs REISA, WETH, RESD or USDG on one side.
The other 30 % goes to the protocol: fees in REISA are mostly burned, fees in WETH and RESD go to RESD holders. See Fees.
Put your LP tokens to work#
Your LP tokens can earn more on top of swap fees. Stake them in the pair's farm to earn rewards, and claim or withdraw whenever you like. See Farms.
The REISA/RESD pool earns more: the RESD in the pool earns its share of protocol revenue, and that reward goes to the LPs who stake in the pool's farm.
Graduated launches#
Every token from the Launchpad graduates into a TOKEN/REISA pool with its launch liquidity locked forever. That liquidity gives every graduated pool lasting depth. You can add your own liquidity next to it and earn your share of the fees.