Exchange
Last updated
Last updated
RissottoFinance is an Automated Market Maker (AMM), and the Exchange is at the heart of its existence. Being one of the leading AMM on the Binance Smart Chain, RissottoFinance as its goal aims to establish a vibrant and limitless environment as a Decentralized Exchange (DEX).
The RissottoFinance Exchange offers several features that support decentralized trading:
RissottoFinance lets users trade without the need to go through a CEX (Centralized Exchange). You can easily tell if it is a CEX; that is when they have their own wallets, it basically means you are entrusting them with your coins in those wallets.
Here, everything you do on RissottoFinance is routed directly through your own wallet—absolutely not necessary to trust someone else with your coins, you will do fine!
You can only swap tokens on rissot.to if there is enough liquidity for those tokens. If nobody has added much liquidity for the token or tokens you want to swap, it will be difficult, expensive, or impossible to do so.
Providing liquidity will get you LP Tokens, which will earn you rewards in the form of trading fees for making sure there's always liquidity for the exchange to use.
Yield farming lets users that are providing liquidity earn Rissotto rewards by locking their LP tokens into a smart contract. The incentive is to balance out the risk of that comes along with locking in your liquidity.