Mist
Mist is a smartBCH exchange, and a suite of tools to help empower the individual. Our main product is MistSwap, the exchange, which is based on the popular SushiSwap exchange.
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MistSwap is a decentralized exchange (or DEX, for short), and the first product by MistSwap. MistSwap is also non-custodial, which means that—unlike centralized exchanges—MistSwap does not need to possess your tokens in order for you to be able to trade them. Instead, MistSwap allows users to trade trustless, peer-to-peer, with liquidity that is supplied by other users. This means that new projects can easily connect to their desired markets as long as some entity is willing to provide the liquidity.
To be a liquidity provider, holders of any token need to supply equal parts liquidity for that token (sometimes called the quote token), and a second token (usually BCH, or a stable coin). In return, these holders receive MistSwap liquidity provider (MLP) tokens that represent their share of the pooled liquidity for that token pair. The existence of this pooled liquidity gives other traders access to the underlying tokens in exchange for a small fee, which is distributed proportionately to all of the liquidity providers.
what are liquidity pools
Liquidity pools are place to pool tokens (which we sometimes call liquidity) so that users can use them to make trades in a decentralized way. These pools are created by users and decentralized apps (or Dapps, for short) who want to profit from their usage. To pool liquidity, the amounts a user supplies must be equally divided between two coins: the primary token (sometimes called the quote token) and the base token (usually BCH or a stable coin). MistSwap's liquidity pools allow anyone to provide liquidity at the following link: https://app.mistswap.fi/pool (opens new window). When they do so, they will receive SLP tokens (MistSwap Liquidity Provider tokens). If a user deposited $MIST and $BCH into a pool, they would receive MIST-BCH SLP tokens. These tokens represent a proportional share of the pooled assets, allowing a user to reclaim their funds at any point. Every time another user uses the pool to trade between $MIST and $BCH, a 0.3% fee is taken on the trade. 0.25% of that trade goes back to the LP pool.
To interact with other Mist products, please explore the links below:
MistSwap Exchange: https://app.mistswap.fi/swap
Mist Yield Farms: https://app.mistswap.fi/farm
MistBar Staking (xMIST): https://app.mistswap.fi/stake
Misty Lake: https://lake.mistswap.fi