🔄Wolf Swap (DEX)

Howl Finance

To understand more about the Wolf Swap, we must elaborate as to what is a DEX (decentralized exchange). What is a DEX? A DEX is a peer-to-peer marketplace where users can trade cryptocurrencies in a non-custodial manner without the need for an intermediary to facilitate the transfer and custody of funds. This results in a fast solution to transacting without any security or time requirements. DEXs are a core of decentralized finance (DeFi) and serve as a key to everything within DeFi upon which more sophisticated financial products can be built as a result of permissionless finance.

How does a DEX Work?

There are several DEX designs, each offering a different benefits and trade-offs in terms of feature-sets, scalability, and decentralization. The two most common types are order book DEXs and automated market makers (AMMs). DEX aggregators, which parse through multiple DEXs on-chain to find the best price or lowest gas cost for the user’s desired transaction, are also a widely used category.

DEX users are typically required to pay two types of fees—network fees and trading fees. Network fees refer to the gas cost of the on-chain transaction while trading fees are collected by the underlying protocol, its liquidity providers, token holders, or a combination of these entities as specified by the design of the protocol.

What makes Wolf Swap so unique? Wolf Swap provides an easy solution to offering trading, liquidity pairing, low gas cost for desired transactions and fast transactions. By using Wolf Swap you dont need to have a middle man or have any other person involved in the trade other than you and the coins you are trading. This is viable for all tokens on the Binance Smart Chain. By using Wolf Swap you reduce the tax in/out per transaction when trading $HOWL. This means you don't need to pay fees that other DEX's provide, this allows Wolf Swap to be used as a permanent tool via our website for less fees.