General FAQ
Good to know
UniverseSwap
Q1. What is UniverseSwap Exchange?
UniverseSwap is a multi-chain decentralized exchange (DEX) and it uses the same automated market-making (AMM) model as Uniswap v2. You can read more about UniverseSwap Exchange here.
Q2. Who is behind UniverseSwap Exchange?
UniverseSwap is a community-driven project. The initial development work was done by Scythia Studio. You can learn more about UniverseSwap DAO here.
Q3. Where can I view UniverseSwap's roadmap?
You can read more about UniverseSwap's roadmap here.
Q4. Is UniverseSwap safe? Are there any risks involved?
UniverseSwap is a fork of Uniswap V2 with more features built on top of it. Although UniverseSwap's contracts have been audited by numerous auditors, please keep in mind that there is always smart contract risk in DeFi. (This risk is not unique to UniverseSwap)
Tokens
Q1. What are the different UniverseSwap tokens?
UniverseSwap employs a subDAO model whereby each chain we go to has their own unique token. The current tokens are:
IDAO
BSC
Mainnet
Arbitrum Network
Mainnet
Filecoin Network
Mainnet
NEAR Protocol
Mainnet
UNID
Arbitrum Nova Network
Mainnet
Q2. What are the UniverseSwap tokens used for?
Our tokens are governance tokens. Holders can also stake their tokens or use them to provide liquidity in UniverseSwap's pools.
Q3. Can I stake my UniverseSwap tokens?
Yes, you can stake your UniverseSwap tokens in our single-sided staking products.
Transactions & Gas Fees
Q1. How can I swap a token that doesn't show up on the token list?
You can paste the contract address in the search bar. Keep in mind that anyone can create and name any ERC-20 token, including creating fake versions of existing tokens and tokens that claim to represent projects that do not have a token.
Trading
Q1. What fees do I have to pay when trading on UniverseSwap?
There is a 0.3% liquidity provider fee for each swap on UniverseSwap along with a gas fee that you pay to the network.
Q2. Which wallets can I use on UniverseSwap?
UniverseSwap currently supports MetaMask and compatible devices like Ledger, the Coinbase Wallet, Wallet Connect and more.
Providing Liquidity
Q1. How can I see the pools offered in UniverseSwap and their APRs?
You can go to the Pool & Farm page by clicking here and see all the incentivized pools offered in UniverseSwap along with their current APRs. By default you'll only see UNID related Pools & Farms. To see the other UniverseSwap Tokens (e.g. Filecoin etc.) you need to switch the network first.
Q2. I’m a liquidity provider. How can I see my deposited liquidity?
Go to the analytics page, enter your wallet address and click on "Load Account Details". This will show you how much tokens you'd get if you were to withdraw your liquidity at this specific moment.
Q3. Am I still earning pool fees if I deposit my LP tokens to a farm?
Yes, even when you farm with your UNID-L tokens, you'll still be earning pool fees.
Q4. Are there any risks involved in being a liquidity provider on UniverseSwap?
Yes. It's important to note that your overall position may decrease in value due to impermanent loss so please do your own research before providing liquidity.
APRs
Q1. How are the APRs calculated?
The APRs for our farms and staking on UNID are calculated as follows:
If you couldn't find what you're looking for, you can join our Discord or Telegram channel to get help. Find our official links here.
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