The exchange is where you can trade one token for another. It is a simple swap interface, just select the two tokens you wish to exchange.
The liquidity provided to the exchange comes from Liquidity Providers ("LPs") who stake their tokens in "Pools". In exchange, they get LP (Liquidity Provider) tokens, which can also be staked to earn MID tokens in a "farm".
When you make a token swap (trade) on the exchange you will have to pay a 0.2% trading fee.
Follow the step-by-step guide below:
3. Select the token you would like to trade.
4. Once you have selected tokens to swap, enter the quantity and press 'SWAP'.
5. Your wallet will pop up asking for confirmation to Swap, press Confirm.
6. Once confirmed in your wallet, you will see a "Successful" pop up and after a few seconds, your trade should be completed!
Some tokens may have a 'Reflect' element to them. This simply means there is a type of Transaction Tax when trading those tokens. That is part of the Token design and not a feature of MilkyDex.
Reflects on a Token typically range between 5% to 20%. Some even higher.
To Trade these Tokens, you need to increase your slippage, do this by changing the slippage under the settings button.