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#

1. Open Swap and pick the token you pay with and the token you want. ETH works directly.
2. Type an amount. The app shows what you receive, the exchange rate, the fee, any creator tax, the price impact and the route.
3. Check the minimum you receive. Change the slippage tolerance in the trade settings if you need to (1 % by default).
4. Click Swap and confirm in your wallet. The first time you sell a token, approve it first.

When two tokens have no direct pool, the app routes the swap through REISA, since every launched token trades against it.

Tokens launched on Reisa and the protocol's own tokens are marked as verified. Any other token shows an Unverified label, so you always know what you are buying.

Swap fee#

Every swap pays 1 %. The fee is taken on the quote side of the pair, the side you price the pair in:

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#

1. Open Pools and pick a pool. The Overview tab shows its balances, its TVL, its APY and your position.
2. Open Add/Remove and choose Add liquidity.
3. Enter an amount of one token: the app fills in the other at the pool's price. For a WETH pool you can pay the WETH side in ETH.
4. Approve each token the first time, then confirm. LP tokens for your share of the pool arrive in your wallet.

What you get:

• 70 % of the swap fees your liquidity earns. They add to the pool automatically, so your share grows with every trade and there is nothing to claim.
• No fee to add or remove liquidity, and no creator tax either.
• Extra rewards when you stake your LP tokens in the pool's farm (below).
• RESD rewards in pools that hold RESD, such as REISA/RESD and WETH/RESD: the RESD in the pool earns a share of protocol revenue, paid to its liquidity providers in WETH and RESD. See RESD.

The other 30 % of the swap fee goes to the protocol: fees in REISA are mostly burned, and the rest goes to RESD holders. See Fees.

Remove liquidity#

1. Open the pool in Pools, then Add/Remove and Remove liquidity.
2. Choose how many LP tokens to remove. If they are staked, unstake them first on the Stake tab.
3. Confirm. You receive your share of both tokens, fees included. For a WETH pool you can receive the WETH side as ETH.

You can remove your liquidity at any time.

Open a new pool#

1. In Pools, click New pool.
2. Pick the two tokens. One of them must be REISA, WETH, RESD or USDG.
3. Enter both amounts: together they set the opening price, which the app shows in dollars.
4. Click Open the pool and confirm.

A launched token gets new pools once it has graduated from its curve. Its creator tax then applies in every pool of that token.

Put your LP tokens to work#

Stake your LP tokens in the pool's farm to earn rewards on top of swap fees, and claim or unstake whenever you like. Pools with a farm show its APY in the list. See Farms.

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.