Frequently Asked Questions

Q1: What is Monadswap?

• A1: Monadswap is a decentralized exchange (DEX) and automated market maker (AMM) built on the Monad blockchain, powered by WEB3 NEXUS SPACE. It provides a fast, efficient, and secure platform for trading digital assets, with integrated AI features to enhance user convenience and platform functionality.

Q2: How do I connect my wallet to Monadswap?

• A2: To connect your wallet, visit the Monadswap platform, click on "Connect Wallet," and select your Monad-compatible wallet (such as MetaMask, Phantom Wallet, or Backpack). Follow the on-screen instructions to complete the connection.

Q3: What tokens can I trade on Monadswap?

• A3: Monadswap supports a wide range of tokens on the Monad blockchain. You can trade any ERC-20 compatible tokens that are available on Monad.

Q4: How are fees structured on Monadswap?

• A4: Fees on Monadswap are incurred during trading, adding/removing liquidity, and staking. These fees are typically a small percentage of the transaction amount and are used to reward liquidity providers and support platform maintenance.

Q5: What is impermanent loss, and how does Monadswap address it?

• A5: Impermanent loss occurs when the value of tokens in a liquidity pool changes compared to when they were deposited. Monadswap uses AI-driven optimization to minimize the risk of impermanent loss for liquidity providers.

Q6: How can I participate in Monadswap's governance?

• A6: Participation in Monadswap’s governance is done through the MSAI governance token (to be launched). MSAI holders can vote on proposals, submit their own proposals, and have a say in the direction of the platform.