SilkSwap
Exchanges
DEX
Swap, add your tokens, earn
- 24 Followers24 Followers
- 17 Likes17 Likes
About SilkSwap
WELCOME TO SILK SWAP: your Bahamut’s DEX platform Embark on decentralized trading with Silk Swap, our DEX app. Explore diverse assets, trade peer-to-peer, and retain control over your funds securely. Enjoy fast, low-cost transactions, access real-time data, and make informed trades. Join Silk Swap for seamless, secure, permissionless and efficient trading.
SilkSwap is a decentralized exchange (DEX) built on the Bahamut blockchain, a fast-growing ecosystem designed to support Web3 development, decentralized applications (dApps), and NFTs. SilkSwap provides an efficient, user-friendly platform for cryptocurrency trading by allowing users to swap digital assets without intermediaries.
The platform was developed to serve not only crypto traders but also the larger Web3 community, including gamers and NFT enthusiasts. With low fees and fast transactions, it is highly accessible and cost-effective for both experienced users and newcomers to decentralized finance (DeFi). Notably, SilkSwap is the first DEX to launch on the Bahamut blockchain, paving the way for future DeFi projects within this ecosystem. It focuses on peer-to-peer trading, giving users full control over their assets while simplifying the complex world of DeFi.
SilkSwap Magic Store Validation Score
See Results ››Validation Score
4.3yes87%
no13%
Validation Date: -
shahYes
MazharulYes
gurkan06Yes
VadimYes
dimonioYes
DiosYes
MasyaYes
SirIsaac23Yes
RedFoxYes
Zahra PourshadYes
BORISYCHYes
VovaYes
dj0192Yes
wilmergarciavYes
beebqYes
SilkSwap Review Score by Real Users
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Extra credit for being on Behamut, I suppose someone needs to. It is the first DEX on it I have seen, but at this point there are just no other tokens , or even stables on Behamut to make it worth anyone's time. Yet - this can change. Being so new it is disappointing there was not an airdrop or point accumulating link.Read More ››
JamesB4Crypto351697.550 people found this review funny
SilkSwap looks great! Here, a large, solid team, the ideas of the team and the development trend amazed their greatness! We are looking forward to the possibility of your product! Read More ››
lenini136215.200 people found this review funny
SilkSwap Magic Store Trust Score
- Security Validators Score
- 16.10.2024Validation Date
SilkSwap User Trust Reviews
As an enthusiastic user of cryptocurrency platforms, I recently discovered SilkSwap and was genuinely impressed by its innovative approach to token swapping in the DeFi space. As a platform on Near, it has quickly gained attention from both seasoned investors and newcomers alike. One of the standout features of SilkSwap is its user-friendly interface that makes navigating through various swap options an absolute breeze. The platform's design ensures that even those who are relatively new to DeFi can easily understand how it works, making it a great choice for beginners and experts alike. SilkSwap offers a wide range of tokens with competitive fees, allowing users like myself to quickly and efficiently swap assets at attractive terms while also earning rewards on their transactions. The platform's unique approach to swapping ensures that the process is both seamless and secure, making it an ideal choice for those looking to invest in DeFi without taking unnecessary risks. Another aspect I appreciate about SilkSwap is its commitment to security and transparency. As a NEAR-based protocol, it benefits from the robust infrastructure of the Near network while also maintaining complete visibility into all aspects of swapping operations through its comprehensive dashboard. This level of transparency fosters trust among users and promotes long-term growth in the DeFi ecosystem. In conclusion, SilkSwap has quickly established itself as a top contender in the world of decentralized finance on Near by offering an innovative token swapping platform with user-friendly features, competitive fees, and robust security measures. I highly recommend giving this platform a try if you're looking for a reliable way to invest in cryptocurrency while also earning rewards!Read More ››
Adam7287265.580 people found this review funny
SilkSwap looks great! Here, a large, solid team, the ideas of the team and the development trend amazed their greatness! We are looking forward to the possibility of your product! Read More ››
lenini136215.200 people found this review funny
SilkSwap FAQ
SilkSwap operates on the Bahamut blockchain, which is optimized for low gas fees. By leveraging this network, SilkSwap ensures that users pay significantly lower fees than they would on high-fee blockchains like Ethereum. The platform is designed to keep the cost of transactions minimal without sacrificing security or speed.
SilkSwap uses an Automated Market Maker (AMM) model, which allows users to swap between tokens available in the platform’s liquidity pools. You can trade tokens directly through the platform by selecting token pairs and confirming the transaction. As long as the tokens are supported on the Bahamut blockchain, users can swap them easily with just a few clicks.
SilkSwap’s security is enhanced by its underlying use of the Bahamut blockchain, which provides an additional layer of protection through decentralized infrastructure. All trades are recorded on an immutable ledger, ensuring transparency and preventing tampering. Users maintain full control of their assets during every transaction, which eliminates the risks associated with centralized exchanges.
To provide liquidity on SilkSwap, users need to deposit equal values of two tokens into a liquidity pool. In return, they receive liquidity pool (LP) tokens that represent their share of the pool. Liquidity providers earn rewards from the trading fees generated by swaps in that pool. This incentivizes users to keep their tokens in the pool and support the platform’s liquidity.
To start using SilkSwap, you need a compatible wallet such as MetaMask that supports the Bahamut blockchain. Connect your wallet to the platform by selecting “Connect Wallet” on the main interface, choose the tokens you wish to swap, and confirm the trade. No special setup is needed beyond having a Web3 wallet and some tokens in your wallet for gas fees.
