Token swaps are the simplest way to exchange various KIP7 tokens circulated on the Klaytn chain according to ratios of token pairs deposited in the pool.
Once users swap (trade) tokens through Klayswap, the transaction fee will be determined by the reward policy of each liquidity pool, and the transaction fee will be distributed as follows.
Composition of fee distribution
KSP rewards pool
Buyback funds (50%) + Pool voters (50%)
Buyback funds (50%) + Liquidity providers (50%)
- Half of the fees incurred in all pools are used as funds for KSP Buyback & Burn.
- (In case of KSP rewarding pool) Distribute to the users who voted for the pool.
- (in the case of a normal pool) Distribute to users who have deposited their assets in the pool.