SunSwap Review 2023

SunSwap is a popular decentralized exchange created by Michael Lowe, Nikolai Tauber and Andrew Sucis in 2020.

It runs on 1 different chains including Tron.

SunSwap offers features such as liquidity mining, yield farming, spot trading and more.

We rated SunSwap 4.5/5, based on it's features, security, and future prospects.

SunSwap Features

Liquidity Mining

SunSwap allows you to earn passive income by providing liquidity. You're given LP tokens in return, which are interest bearing. The interest comes from trading fees generated by SunSwap.

Yield Farming

Hosts incentivised yield farms. You can earn boosted rewards from staked LP tokens. This is a great way to earn more crypto. Projects put up tokens for you to earn, often for marketing efforts.

Spot Trading

This means you can buy and sell the real thing. Actual crypto. Not a futures contract or derivative.

SunSwap Fees

Trading Fees

All DEXs charge trading fees. SunSwap is no different.

Trading fees incentivise liquidity providers to provide liquidity to SunSwap. This enables people like you to freely trade between tokens without incurring too much slippage.

Withdrawal Fees

SunSwap does not charge withdrawal fees.

DEXs, generally, do not require you to deposit funds onto them. Therefore there is nothing to withdraw. This is one of the many great things about dencentralized exchanges. You get to be the sole custodian of your funds.

How to use SunSwap?

Get a crypto wallet that supports web3 on one SunSwap's of supported chains.
Deposit crypto into the wallet, ensuring you have tokens for gas
Navigate to SunSwap's homepage
Connect your wallet to the website
Goto Swap/Trade
Choose a token that you'd like to swap to
Finally, swap!

FAQ

Where can I buy SUN ?

You can by SUN direct from SunSwap. It is the native token of SunSwap, and they will therefore offer the most liquidity.

Is SunSwap safe?

Yes, SunSwap is safe to use. However, you should be aware that crypto trading carries inherent risk. dApps are vulnerable to exploits, so make sure to DYOR before investing.