DEX

Decentralized Exchange

FOGNET's DEX is FOGNET's distributed exchange service that allows users to exchange assets held by users for FOG or FUSD. FOGNET's DEX supports an Automated Market Maker (AMM)-based distributed exchange, which has a liquidity pool of exchangeable token pairs. Anyone can participate as a Liquidity Provider (LP) by supplying these token pairs to the liquidity pool. The role of liquidity providers in DEX is very important because low liquidity can cause rapid fluctuations in token value. Accordingly, FOGNET plans to provide incentives for platform users to supply liquidity.