Facet
  • 1️⃣INTRODUCTION
    • What is Facet?
  • 2️⃣THE Facet PROTOCOL
    • Introduction
    • Dominance
  • 3️⃣Use Cases
    • Adaptability
    • Streamlined Transactions
    • Enhanced Trading Tactics
    • Exchange
  • 4️⃣tokenomics
    • Token distribution
  • 5️⃣Vision and Mission
    • Facet's Vision
    • Facet's Mission
  • 6️⃣information
    • Official Links
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  1. Use Cases

Exchange

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Last updated 1 year ago

Facet stands as a pioneering Automated Market Maker (AMM), with the Facet Exchange forming the core of its operations.

The Facet Exchange is designed with a suite of features to facilitate decentralized trading: Swapping/Trading: Facet enables users to trade directly from their wallets without the intermediary of a Centralized Exchange. Your transactions are routed through your own wallet, eliminating the need to entrust your coins to a third party.

Liquidity Pools: To swap tokens on Facet, sufficient liquidity is essential. If the tokens you wish to swap lack liquidity, the process becomes challenging, costly, or even unfeasible. By providing liquidity, you'll receive LP Tokens, which entitle you to rewards in the form of trading fees, ensuring there's always liquidity available for the exchange.

Yield Farming: Facet's yield farming allows liquidity providers to earn FACET rewards by staking their LP tokens in a smart contract. This incentive is designed to mitigate the risks of impermanent loss associated with providing liquidity.

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