What is Biswap (BSW)?

Deep Dive

1. Multichain Swap Infrastructure

Biswap enables token swaps across four blockchains (BNB Chain, Ethereum, Base, Arbitrum) using a Smart Router that optimizes trade paths, fees, and slippage in real time (Biswap tweet). Its 0.015% base trading fee undercuts rivals like PancakeSwap (0.25%), appealing to cost-sensitive traders.

Liquidity providers earn 80% of swap fees—higher than Uniswap V3’s tiered splits—and can stake LP tokens in “V3 Farms” for up to 150% APR in BSW.

2. Tokenomics & Governance

The BSW token serves three roles:
- Staking: Lock BSW to earn vBSW (voting power) and oBSW (redeemable for USDT rewards or 30%-off BSW purchases).
- Governance: vBSW holders vote on protocol upgrades, fee structures, and reward distribution.
- Ecosystem fuel: Required for accessing premium features like the Real Yield Pool.

After Binance delisted BSW in June 2025 due to liquidity concerns, Biswap accelerated decentralization efforts, letting users directly influence tokenomics via proposals.

3. Post-Delisting Roadmap

Post-Binance, Biswap introduced:
- Flexible BSW withdrawals from staking pools (no 50% penalty).
- On-chain governance for reward reallocation decisions.
- Analytics overhaul for tracking cross-chain liquidity and trading trends.

Conclusion

Biswap positions itself as a community-driven DEX combining multichain efficiency with aggressive liquidity incentives. While its post-Binance governance shift addresses centralization critiques, can decentralized voting sustainably boost adoption against entrenched competitors?