Home > Getting Started

Getting Started

Go to subcategories
What is Slippage
Slippage is the difference between the expected price of an order and the price ... more
What Is Minimum Received?
Just as you’re about to approve your swap, you might spot the little fine text a... more
What Is Exchange Rate?
As you may know, the price of any cryptocurrency fluctuates frequently. The y... more
How to Swap
Token swapping is a simple way to trade one token for another. It's easy to swap... more
What Is A DAO-Governance Token
The protocol is to be governed and upgraded by holders of our governance token, ... more
How Is Pricing Determined on HumbleSwap?
How are prices determined? Prices for tokens are determined by the liquidity p... more
What Is A Smart Contract and How Does It Work?
Smart contracts are used to automate the contracts where the terms of the agreem... more
What Is Yield Farming?
Yield farming allows you the opportunity to lock up or invest your coins into a ... more
What is Slippage and Why Does It Occur?
Slippage is the difference between the expected price of an order and the price ... more
What Is Impermanent Loss and Why Does It Occur?
When your funds are added to a liquidity pool, they are exposed to Impermanent l... more
What Is A Blockchain And How Does It Work?
Blockchain is a system of recording information in a way that makes it difficult... more
Is HumbleSwap Secure?
Because HumbleSwap is built on the Reach platform, there are a number of securit... more
What Are Fees And How Do They Work?


There is a 0.30% total fee for swapping tokens, which consists of 0.25% for poolers and 0.05% for the HumbleSwap protocol. The 0.25% fee is split by liquidity providers' pro-rata for their investment in the pool based on the fees accrued after the liquidity tokens are received.  When a swap is made, the 0.30% fee is immediately deposited into the liquidity pool, which increases the value of the liquidity tokens and functions as the payout to the pool providers. Likewise, any fees received thereafter are accrued pro-rata.  For example, if you add to a pool, you will receive your share of fees from this point in time onwards.

Fees are collected by redeeming liquidity tokens, effectively burning them, which removes a proportional share of the initial pool deposits. When you burn your liquidity pool tokens, you redeem your earned 0.25% fees pro-rata, and also the 0.05% protocol fee is paid.  Because fees are added to the liquidity pools, the constant k increases at the end of every trade, where the token A pool/token B pool changes with every trade.

What Are Pools And How Do They Work?
Every pool within the system is represented by a pair of tokens. Pools are popul... more