FAQ
How does SaucerSwap work?
SaucerSwap operates as a decentralized exchange (DEX) on the Hedera network, utilizing automated market maker (AMM) protocols to enable users to swap cryptocurrencies directly and provide liquidity without intermediaries. It integrates with the Hedera Token Service (HTS) and Smart Contract Service (HSCS), allowing for rapid, low-cost transactions and fair ordering that prevents MEV attacks. SaucerSwap offers both V1 (constant product AMM) and V2 (concentrated liquidity AMM) versions, supporting efficient trading and liquidity provision.
Is SaucerSwap a secure platform?
SaucerSwap emphasizes security through non-updatable smart contracts, ensuring censorship resistance and user self-custody. The platform has undergone security audits by reputable firms such as Hacken and Omniscia, and benefits from Hedera's robust infrastructure and transparent governance. Its integration with Hedera also eliminates common DeFi vulnerabilities like frontrunning and MEV attacks, further enhancing user safety.
How to use SaucerSwap?
To use SaucerSwap, connect a compatible Hedera wallet and access the platform’s web interface to swap tokens, provide liquidity, or participate in staking and yield farming. Users can bridge tokens from 11 blockchains via Hashport, deposit assets into liquidity pools, and earn rewards for participation. The interface is designed for ease of use, with clear guidance for trading, staking, and managing DeFi activities on Hedera.
What services does SaucerSwap offer?
SaucerSwap offers a comprehensive suite of DeFi services, including token swaps, liquidity provision, yield farming, and single-sided staking. Users can also bridge assets across multiple blockchains, participate in governance, and access advanced trading features like concentrated liquidity and custom price ranges. The platform aims to be a one-stop shop for DeFi on Hedera, supporting both new and experienced users in maximizing their digital asset utility.
