Binance Liquid Swap First Centralized AMM Pool

Binance, a global blockchain company that operates the world's largest exchange by trading volumecryptocurrency company, today announced the launch of Binance Liquid Swap, an automated market maker (AMM). This is the first pool product on a centralized exchange.

New trading feature on Binance.com will allow users to pool tokens for instant liquidity (fast transactions) and earnings. Users deposit funds into liquidity pools, after which they begin to receive interest and income from trading commissions generated by trades that are executed using Binance Liquid Swap funds.

Binance Liquid Swap is built on various poolsliquidity, allowing the exchange of cryptoassets using the automatic market maker (AMM) pricing algorithm instead of the order book. This ensures price stability and lower fees for small and large transactions, where users act as liquidity providers by adding funds to the pool.

The instant exchange function will provide liquidTrading pairs and pooled funds with the corresponding 7-day Annual Percentage Yield (APY): USDT / BUSD (15%), BUSD / DAI (14%) and USDT / DAI (12%). When using AMM, funds will be automatically converted into two cryptoassets from the pool.

“We look forward to further growth in the DeFi market, andtherefore, we try to provide our users with as many opportunities as possible to earn money using the liquidity of the centralized AMM pool, whose security and reliability is ensured by Binance, — сказал генеральный директор Binance Чанпэн Чжао (CZ).

With Binance Liquid Swap, we are planningstimulate further growth of the DeFi market. The instant exchange will allow retail users to provide liquidity, which the need for is growing as DeFi products attract more volume and number of participants. This kind of incentive pool will benefit the community as it is created by the community itself. ”

Transaction fee and price between the twoThe cryptoassets available in each pool on Binance Liquid Swap are determined by the number of assets in the liquidity pool. Traders influence the price of cryptoassets by exchanging or adding funds to the liquidity pool; traders who withdraw funds from the liquidity pool also participate in market making.

 To learn more about how Binance Liquid Swap works, visit https://www.binance.com/en/swap.

About Binance

Binance is the world's leading provider ofinfrastructure solutions for the blockchain and cryptocurrency industry - provides users with a wide range of financial products, including the largest digital asset exchange in terms of trading volume.

Binance is a platform trusted by millionspeople all over the world. Binance's main goal is freedom of money for users. Binance provides users with a unique set of cryptocurrency products and offerings in the following areas: trade and finance, education, research, charity, business incubation, decentralized and infrastructure solutions, and more. Get more information on Binance

About Binance Liquid Swap

Binance Liquid Swap is a liquidity poolan automatic market maker (AMM) that allows users to act as liquidity providers by depositing tokens and receiving interest and income from trading that takes place in the pool. AMM's pricing algorithm ensures price stability and low fees for small and large transactions. Find out more at https://www.binance.com/en/swap

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