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HunnySwap is a Decentralised Exchange (DEX) on the Avalanche Network.
Using an Automated Market Maker (AMM) to empower our DEX, the AMM helps users to exchange cryptocurrencies directly without an intermediary. Simply put, the AMMs are autonomous trading mechanisms that facilitate the process required to provide liquidity for trading pairs on centralized exchanges.
HunnySwap offers several features that support decentralized trading.
HunnySwap allows users to trade without the need to go through a Centralized Exchange. Everything you do on HunnySwap is routed directly through your own wallet. There is no need to trust someone else with your coins!
You can only swap tokens on HunnySwap if there is enough liquidity for those token pairs. If no one has added liquidity for the 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. This will entice Liquidity Providers to provide liquidity to the trading pairs and make sure that there's always liquidity for the exchange to use.