DEX
Inferno Protocol lets users trade without the need to go through a Centralized Exchange. Everything you do is routed directly through your own wallet—no need to trust someone else with your coins!
Last updated
Inferno Protocol lets users trade without the need to go through a Centralized Exchange. Everything you do is routed directly through your own wallet—no need to trust someone else with your coins!
Last updated
Inferno Protocol serves as an automated market maker (AMM), facilitating token exchanges within the Beam network. Liquidity for the exchange is supplied by Liquidity Providers ("LPs") who stake their tokens in Liquidity Pools, receiving LP tokens in return. These LP tokens can be further staked to earn $FLAME tokens through the "Farms."
Liquidity Pools play a critical role as the Inferno Protocol exchange relies on sufficient liquidity to execute trades effectively. Providing liquidity grants users LP Tokens, and in return, they receive rewards in the form of trading fees. This ensures a constant availability of liquidity for the exchange.
Yield farming offers an additional avenue for users providing liquidity to earn $FLAME rewards. By locking their LP tokens into a smart contract, users actively participate in the yield farming process, contributing to the liquidity and growth of the Inferno Protocol ecosystem.