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LiteDEX is the main DEX for Litechain, developed directly by the core team at Litechain, offering low transaction fees, listings for projects, farms, staking pools and subgraph integrations.
A DEX replaces the buy and sell orders in an order book market with a liquidity pool of two assets, both valued relative to each other. As one asset is traded for the other, the relative prices of the two assets shift, and a new market rate for both is determined. In this dynamic, a buyer or seller trades directly with the pool, rather than with specific orders left by other parties.
Swap fees are distributed pro-rata to all in-range liquidity at the time of the swap. If the spot price moves out of a position’s range, the given liquidity is no longer active and does not generate any fees. If the spot price reverses and reenters the position’s range, the position’s liquidity becomes active again and will generate fees.
LiteDEX features a 0.17% transaction fee, one of the lowest of any Decentralised Exchanges.