NEKOHow a DEX works
A DEX swaps against liquidity pools, right from your wallet.
A DEX (decentralized exchange) lets you swap tokens straight from your wallet, with no sign-up and no company holding your funds.
Instead of buyers and sellers placing orders, a DEX uses liquidity pools: big pots of two tokens. When you swap, you put one token in and take the other out, and the price moves based on the ratio left in the pot.
NEKO Swap uses the pools of Rhea Finance, NEAR's biggest DEX, and finds the best route for you, even splitting a trade across several pools.
Buy a little NEKO with 0.3 NEAR
Look at the Route line: it shows which pools your swap goes through. Small amounts are perfect. Every swap counts toward your free Swap Feline.
Quick check
Where does the token you receive come from?
- AA liquidity pool
- BThe NEKO team's wallet
- CIt's printed on the spot
Show the answer
A: A liquidity pool. You trade against a pool: your token goes in, the other comes out.