Monadswap Docs
  • Introduction 🚀
    • Welcome to Monadswap
    • Overview of Features
  • Getting Started 💳
    • First Time Users
    • Wallet Setup
    • Important Links
    • Video Guides
  • Trading and Liquidity 💸
    • How to Trade
    • Providing Liquidity
    • Staking
  • AI Features 🤖 (COMING SOON)
  • Governance 📊 (COMING SOON)
  • Security 🔒
    • Smart Contract Audits
    • Best Practices for Users
    • AI-Enhanced Security
    • User Education and Resources
  • Developer Guide ⚙️
    • API Access
    • Smart Contract Interaction
    • Building on Top of Monadswap
  • FAQ and Troubleshooting ❓
    • Frequently Asked Questions
    • Troubleshooting
  • Roadmap ➗ (COMING SOON)
  • Contact & Support 📞
    • Getting Help
    • Community Channels
    • Feedback and Suggestions
  • Legal and Compliance 📃
    • Privacy Policy
    • Terms of Service
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  1. FAQ and Troubleshooting ❓

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.

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Last updated 8 months ago