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PSWAP

A deflationary token used to reward liquidity providers on Polkaswap. PSWAP has a 10 billion max supply that decreases over time, with 0.3% trading fees used for buyback-and-bur…

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Core definition

What it means

A deflationary token used to reward liquidity providers on Polkaswap. PSWAP has a 10 billion max supply that decreases over time, with 0.3% trading fees used for buyback-and-burn, and rewards starting at 90% of burned tokens reminted for LPs, decreasing to 35% after 5 years.

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Recent Soranauts articles tagged with this glossary concept.

Examples

Common scenarios where this concept appears.

  • Liquidity provider rewards
  • Trading fee buyback
  • Token burning mechanism

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