🔄Exchange

PenguinSwap is an Automated Market Maker (AMM), and the Exchange is at the heart of PenguinSwap. PenguinSwap is the first AMM on the UltronGlow, and as statistics tell, the most popular Decentralized Exchange (DEX) ever!

The PenguinSwap Exchange offers several features that support decentralized trading:

Swapping/Trading

PenguinSwap lets users trade without the need to go through a Centralized Exchange. Everything you do on PenguinSwap is routed directly through your own wallet—no need to trust someone else with your coins!

Liquidity Pools

You can only swap tokens on PenguinSwap if there is enough liquidity for those tokens. If nobody has added much liquidity for the token or tokens you want to swap, it will be difficult, expensive, or impossible to do so.

Providing liquidity will get you LP Tokens, which will earn you rewards in the form of trading fees for making sure there's always liquidity for the exchange to use.

Igloo Icing

Igloo Icing lets users that are providing liquidity earn EGG rewards by locking their LP tokens into a smart contract. The incentive is to balance out the risk of impermanent loss that comes along with locking in your liquidity.

Initial Igloo Offerings (IIOs)

An Initial Igloo Offering is an event that lets users buy into a limited-time offer to purchase new tokens. The IIO price is usually very generous.