Duckstail DEX is a cutting-edge decentralized exchange (DEX) designed to make cryptocurrency trading fast, secure, and accessible to everyone. Built on the Arbitrum network, Duckstail DEX leverages the power of layer-2 scaling to deliver lightning-fast transactions and significantly lower fees compared to traditional exchanges. Whether you're a beginner or an experienced trader, Duckstail DEX offers a seamless and intuitive trading experience.
Decentralized and Secure: Take full control of your funds with a non-custodial platform. Your assets stay in your wallet, ensuring maximum security and privacy.
Low Fees, High Speed: Thanks to the Arbitrum network, Duckstail DEX eliminates the high gas fees and slow transaction times often associated with Ethereum-based DEXs. Trade quickly and cost-effectively.
User-Friendly Interface: The platform is designed with simplicity in mind, making it easy for anyone to trade cryptocurrencies without needing advanced technical knowledge.
Wide Range of Tokens: Access a diverse selection of cryptocurrencies and tokens, including popular assets and emerging projects. Duckstail DEX supports seamless swaps and trades across multiple pairs.
Liquidity Provision: Become a liquidity provider (LP) and earn rewards by contributing to the platform's liquidity pools. Duckstail DEX makes it easy to participate in decentralized finance (DeFi) and grow your crypto holdings.
Duckstail DEX is more than just a trading platform—it's a gateway to the world of decentralized finance. By combining speed, affordability, and user-friendly design, Duckstail DEX empowers you to trade with confidence and explore the full potential of blockchain technology. Whether you're swapping tokens, providing liquidity, or discovering new opportunities, Duckstail DEX is your trusted partner in the crypto space.
Decentralized exchange of various coin pairs
Duckstail Exchange is a decentralized exchange that facilitates trading of various coin pairs using an automated market-making system. With Duckstail Exchange, users can trade coins on the Arbitrum One network without having to rely on any centralized intermediary and without having to pay excessive fees.
The platform operates on a non-custodial basis, ensuring that users maintain control of their funds at all times. Trading fees on the exchange are distributed among LP holders, incentivizing liquidity providers to offer the necessary depth of liquidity to ensure the best prices for all users.
In summary, Duckstail Exchange provides a low-fee decentralized exchange for trading a wide range of coin pairs while allowing users to maintain full control over their funds. The platform incentivizes liquidity providers through the distribution of trading fees and DKO reward, ensuring users receive the best possible prices on their trades, and earn 100% of the fees back.
Getting rewards by providing Liquidity
Liquidity pools play a critical role in enabling users to make trades in a decentralized and permissionless manner. These pools allow users to pool their tokens, or liquidity, so that others can use them for trading. To create a liquidity pool, users must equally divide the supplied amount between two coins: the primary token and the base token. Duckstail offers users the ability to provide liquidity to these pools and earn DUCK-LP tokens (Duckstail Liquidity Provider tokens) as proof of providing liquidity. For example, if a user deposits DKO and USDT into a pool, they would receive DKO-USDT LP tokens, which represent a proportional share of the pooled assets. These tokens allow users to withdraw their funds at any point.
Whenever a pool is used for trading between DKO and USDT, a 0.25% fee is taken on the trade. Of that fee, 0.17% is returned to the LP holders, 0.08% to team treasury and towards DKO buyback and burn . Our goal is to maintain the lowest possible fees while still providing lucrative rewards for liquidity providers. This approach is essential to ensure the sustainability and health of the Decentralized Exchange.
To provide liquidity, users need to select the pair of tokens they want to provide. If the pair doesn't exist yet, they can create a new one by selecting the two tokens they want to provide liquidity for. The DEX will automatically generate the pool for this pair. Enter the amount of one token you want to add. The DEX will calculate the equivalent amount of the other token based on the current exchange rate. Before adding liquidity, users may need to approve the DEX to spend their tokens. This usually involves a separate transaction on the blockchain and will require a small fee. Once approved, they can add liquidity by confirming the transaction. This will also require a gas fee. After the transaction is confirmed on the blockchain, they will receive LP (Liquidity Provider) tokens representing your share of the pool.
Passive earning by providing Liquidity
Yield farming is a popular method of earning rewards or interest by depositing cryptocurrency into a pool with other Duckstail users. Duckstail farms are specially designed to incentivize users to provide liquidity for their favorite token pairs. By creating and staking their liquidity provider (LP) tokens in Duckstail farms, users can earn DKO utility tokens.
The process of yield farming on Duckstail is simple. Users deposit their LP tokens into the desired farm, and the platform automatically begins to distribute rewards to them based on their stake. These rewards are typically a portion of the trading fees generated by the liquidity pool.