General FAQ
This FAQ page answers some of the commonly asked questions from the Swappi community.
Swappi is the first automated market maker (AMM) decentralized exchange (DEX) on Conflux's eSpace network. This is where you can exchange any of the supported tokens in Conflux's eSpace network for another token. In addition, Swappi has Liquidity providing and staking opportunities to increase returns on your tokens.
What wallets are supported by Swappi?
MetaMask and Wallet Connect are the only wallet supported from the start. Other wallets such as Fluent are in the progress of being supported in time.
How do I connect my wallet?
There is a guide on how to connect your MetaMask wallet in Gitbook. Click here to jump to that section.
What is the roadmap for Swappi's future development?
There is a section of Gitbook that breaks down Swappi's multi-stage plan. Click here to jump to that section.
How do I bridge to another network?
Where are my bridged tokens?
By default, most wallets (including MetaMask) do no show ERC-20 tokens once you bridge them, so you'll need to import (or add) them manually to your wallet. See Adding Your Bridged Tokens to MetaMask to learn how.
What is PPI?
PPI is a governance token that also rewards its holders with a share of exchange revenues. The token distribution follows a fixed supply, decaying emission model. You can also use your PPI to boost returns on other tokens that you already have staked in Swappi.
Is there a maximum amount of PPI supply?
Yes, there is a fixed total amount of 488 Million that will be unlocked over a period of time. Click here for more information on PPI tokenomics.
vePPI is the primary staking mechanism on Swappi. When you stake PPI you are converting your PPI to vePPI and locking them in for a set time period.
You can only claim your PPI after the locking period expires.
To increase the boost factor and earn more PPI!
Formula
The boost mechanism will calculate your earning weight by taking the smaller amount of two values.
UserBoostShare = min {UserLPShare, UserLPShare*0.33 + 0.67*TotalLPShare * (UserLockedPPI/TotalLockedPPI)} vePPI stands for staked PPI. It is basically PPI staked in the STAKING contract for a period of time.
PPI can be locked for up to 24 weeks. The number of vePPI you receive depends on the time you lock your PPI for. The minimum locking time is 1 week, and for every PPI locked, vePPI increases linearly from 0 to 1 as you increase your locking time from 0 to 24 weeks.
1 PPI locked for 6 weeks = 0.25 vePPI.
1 PPI locked for 12 weeks = 0.5 vePPI.
1 PPI locked for 18 weeks = 0.75 vePPI.
1 PPI locked for 24 weeks = 1 vePPI.
Without increasing the locking time or the number of PPI, your vePPI decreases linearly as the end date of the locking period approach.
What is the fee for using the exchange?
There is a .25% fee for trades on Swappi
- 0.17% - Returned to Liquidity Pools in the form of a fee reward for liquidity providers
- 0.03% - Sent to the Swappi Treasury
- 0.05% - Sent towards PPI buyback and burn
What are the Treasury funds used for?
The Treasury funds are used to cover the various expenses needed to maintain and grow Swappi. Expenses include salaries, marketing, audits, prizes, hosting, maintenance, etc.
What is this Gas Fee charge?
Gas fees are paid in order to process transactions on the blockchain. The fee is paid to the miners and validators on the network to ensure the security and decentralized nature of the network. You need to have some CFX as the currency for the gas fee. One of the great features of the Conflux network is the low gas fee cost.
Who can I ask for help?
There is no help desk for Swappi. Check the Gitbook as most issues have been covered on the site. You can also send a message in the Swappi Telegram Channel to see if someone may have a similar experience as yours. More guides will be issued as new features and updates are rolled out that may help answer your question.
Last modified 1yr ago