Overview
CSWAP is a token exchange that lets people trade Cardano tokens straight from their own wallet1. Traders use it to swap tokens that are paired with ADA. Holders who want income can add their tokens to shared trading pools, then lock their pool shares or CSWAP tokens to earn rewards paid in both ADA and CSWAP2,3.
CSWAP runs on Cardano and is built by CSWAP Systems, whose company site, CSWAP DEX, says 100% of platform fees go to people who stake CSWAP or lock their pool shares in farms4. NFTs and the team's tokenized silver coins trade on a separate site, the CSWAP NFT marketplace, which also runs at cswap.market, not on cswap.trade5,6.
Key Features
- Trades that settle fast. A feature called Hyper Swap lets an order fill in the same block it was sent in, a block being one batch of transactions added to the blockchain2.
- Rewards in ADA as well as CSWAP. People who stake CSWAP or farm pool shares collect ADA rewards alongside CSWAP rewards, funded by exchange trading fees, and harvest both on the Staking and Farming pages2.
- Longer locks, higher tiers. CSWAP staking offers Bronze, Silver, Gold and Platinum tiers that lock tokens for 30, 90, 180 or 360 days, with each tier showing its own reward rate3.
- Farms for pool shares. Liquidity providers can lock CSWAP and ADA pool shares in farms with terms of one, three, six or twelve months, each followed by an unlock window of one, three, six or twelve weeks7. That window is the only time a farmed share can be withdrawn; a share left in place is locked again in the same tier for a new term8.
- Pools with their own fees. The CSWAP Pools page lists each token pair with its trading fee, value locked and reward rate, so providers can compare pairs before adding funds9.
What to Expect
For traders, CSWAP opens on a swap box. You pick the token to sell and the token to buy, set slippage (the most the price may move before the trade is cancelled), and connect a wallet1. The project docs list Eternl, GeroWallet and VESPR as supported wallets10. The v1.0 release notes add the Eternl light wallet, NuFi and MetaMask, plus candlestick price charts and volume history2. The CSWAP changelog also notes that DexHunter, a service that compares prices across Cardano exchanges, routes orders to CSWAP2,11.
Holders who want rewards start with a pool and can then move to a farm. You add a token and ADA to a pool, receive a pool share in return, and can then lock that share in a farm tier7,9. CSWAP token holders can instead lock tokens directly in a staking tier3. A Manage page tracks gains, losses and rewards across pool positions, farms and stakes2.
Visitors can pick light or dark mode and a color theme, and can turn optional sound effects on or off2.
For anyone checking the exchange from outside, Cardanoscan, a Cardano blockchain explorer, tracks CSWAP's trading pools, volume and trades12. CoinGecko, a crypto market data site, lists the trading pairs available on cswap.trade13.
