What is Biswap (BSW)?

TLDR Biswap (BSW) is a decentralized exchange (DEX) enabling multichain token swaps, liquidity provision, and yield farming, with a focus on low fees and unique rewards for token holders.

1. Multichain DEX – Supports swaps across BNB Chain, Ethereum, Base, and Arbitrum with fees as low as 0.015%.
2. BSW token ecosystem – Powers staking, governance, and rewards through derivatives like vBSW (voting rights) and oBSW (discounted token purchases).
3. V3 Farms & Real Yield – Offers high APR liquidity pools and redistributes 80% of swap fees to liquidity providers.

Deep Dive

1. Core Functionality

Biswap operates as a decentralized exchange optimized for cross-chain swaps. Its Smart Router (Biswap) scans both V2 and V3 liquidity pools in real time to minimize slippage and gas costs. Traders can swap tokens across four blockchains, while liquidity providers earn 80% of trading fees – a higher share than many competitors.

2. Token Mechanics

The BSW token serves three primary roles:
- Staking: Users lock BSW to earn more tokens and access vBSW (governance power) and oBSW (used for 30%-discounted BSW purchases or USDT rewards).
- Governance: vBSW holders vote on protocol upgrades and reward distribution.
- Ecosystem fuel: Fees from swaps, farms, and other services are partially redistributed to BSW stakers.

3. Strategic Differentiation

Biswap’s Investment Pool creates recurring demand for BSW by tying staking to exclusive benefits. Unlike basic yield farms, it combines DeFi mechanics with:
- Multichain accessibility (reducing dependence on any single network)
- Auto-compounding V3 farms with concentrated liquidity
- Real Yield Pool distributing USDT from protocol revenue

Conclusion

Biswap positions itself as a capital-efficient DEX blending cross-chain interoperability with structured incentives for long-term holders. While its 2021 security vulnerabilities and recent Binance delisting (CoinMarketCap) raise questions about centralization risks, the project’s updated roadmap emphasizes decentralized governance. Can its revamped tokenomics and multichain focus offset competition from established DEXs?