Noodles Swap features an innovative decentralized exchange and swap mechanism for fluid access to exchange your cryptocurrency assets.
Swap, Stake, Earn, and Win Crypto on The Future-ready DEX Platform
Noodles Swap is a decentralized token built on the Binance Smart Chain (BSC). With Noodles Swap, users can swap their tokens, participate in some of the highest APY liquidity pools, and do a lot more to earn more NDS tokens.
The Initial Farm Offerings and Automatic Market Maker (AMM) models have fascinated investors, holders, and enthusiasts in the blockchain space. In the most advanced surge of DeFi protocols, many emerging projects allow participants to stake their tokens to earn the protocol's tokens.
Our community is committed to delivering and set to launch the next-level DEX (Decentralized Exchange) to take your swapping, staking, and yield farming experience to the next level.
Built on Trust and Reliability
Many DeFi projects have been developed on the Ethereum blockchain. Nevertheless, Binance is no different and has launched many innovations on its blockchain.
As pioneer blockchains, Binance and Ethereum have become one of the sprawling communities of founders, developers, and users that create compelling decentralized applications.
As Noodles Swap is developed on the Binance Smart Chain, the smart contract-enabled blockchain network allows Noodles Swap to create a high-end, secure, trustworthy, and innovative decentralized financial (DeFi) ecosystem.
What is Noodles Swap?
Noodles Swap is a Binance Smart Chain-based crypto token. It has the ability to farm liquidity provider (LP) tokens. Further, the Noodles Swap launchpad will feature many innovative staking and earning mechanisms that let you earn amazing rewards.
Built on the Binance Smart Chain, Noodles Swap is a decentralized exchange for swapping BEP-20 tokens. You might have come across many swapping exchanges earlier, and if you're familiar with them, using Noodles Swap is quite fundamentally similar.
Have a glance at the tokenomics and distribution of the Noodles Swap.
Using Noodles Swap
There will be many more features on the https://noodlesswap.com website that will be accessible upon connecting a wallet. When users click on the connect button, they will have a few options, such as Trust Wallet, MetaMask, Binance Chain Wallet, WalletConnect, and other wallet options.
As we know that MetaMask is an Ethereum wallet, but the architecture of the Binance Smart Chain allows users to use MetaMask to interact with BSC-based decentralized applications. Users can easily learn about connecting the MetaMask wallet with the Binance Smart Chain.
Once users are ready with the setup, they can unlock their wallets to unveil additional information. Besides, numerous LP tokens offer different returns. However, they need to learn about adding liquidity. So, how do they do it?
The Noodles Swap Exchange and Liquidity Pools
Noodles Swap employs an automated market maker (AMM) model. The automated market maker is a system where users fulfill their orders with a liquidity pool as there are no buy/sell order books to match trades.
Having said that, one can trade their digital assets on the Noodles Swap platform by using the liquidity pools that are filled with the funds of other liquidity providers.
When users (aka. liquidity providers) deposit their funds in the pool, they get liquidity provider (or LP) tokens in rewards. When you use the Noodles Swap platform, you can earn NDS tokens based on the open interest. On a positive note, users can redeem their funds at any time. Users can use their staked tokens to reclaim their share, along with a portion of the trading fees.
However, it's imperative to understand the concept of an impermanent loss before placing your money into liquidity pools. In short, it's a loss that users may incur if someone deposits or withdraw a large sum of tokens, which may create slippage, affecting the value of the share.
All in all, you can trade BEP-20 tokens on Noodles Swap or add liquidity and earn rewards in NDS.
Furthermore, you'll find these LP tokens in numerous pairs– if you added, say, NDS and BNB to the pool, you would receive NDS-BNB LP tokens in return.
If users are familiar with any Automated Market Maker (AMM) model, they can effortlessly add liquidity to a pool. To farm NDS tokens, first, users need to add liquidity to the exchange.
For that, users can navigate to Trade on the sidebar on the left and click on liquidity. Further, they need to click on the "Add Liquidity" button and select the token pair they wish to deposit. That's it! Apart from that, however, users need to learn about the impermanent loss before adding liquidity to any pool, as it's an important concept to understand before participating in a pool.
Farming and staking on Noodles Swap
Well, farming and staking are other popular mechanisms that play a significant role in the prevailing crypto space. Noodles Swap also allows you to farm its governance token – NDS.
You can deposit your LP tokens on the farm and lock them up in a process to get more NDS tokens. The list of tokens that users can deposit is quite lengthy.
That's not it! If users participate in the SAUCE pools, they can earn even more by staking their NDS tokens.
All in all, you can deposit some funds to receive LP tokens, and you can use those tokens to farm NDS. Moreover, you can stake your NDS and earn other tokens through staking pools.
The biggest SAUCE pool is for NDS tokens. In this pool, users can stake their NDS to earn more NDS. On top of that, users can also earn many more tokens by staking NDS. The SAUCE pool will be updated from time to time so that users can check and stake their tokens on the updated pools.
Once users have got their LP tokens, they can stake them to earn NDS in rewards. For that, they need to navigate to the Farms tab and choose the option that matches their LP tokens.
Users need to approve the transfer of BEP-20 tokens when they use ERC-20 tokens. Subsequently, it will allow the contract to withdraw them on users' behalf. Upon clicking the Approve Contract button, a popup will ask users to confirm the transaction. Plus, a fee will be displayed when transacting.
Once that transaction confirms, users can choose the number of tokens to stake. Upon confirming, they can redirect from the page and visit any time to check the NDS rewards. If users wish to harvest their rewards, they can do so by clicking on Harvest and confirming the transaction.
Once you've got NDS, you can stake it in SAUCE pools. To do that, users can visit the Pools tab, and they will see different pools where they can stake their NDS.
SAUCE pools + stake NDS = earn new tokens.
Here, users need to approve the withdrawal of their tokens. That said, users can hit Approve NDS. Upon approval, users will need to select the amount of NDS they wish to stake.
When NDS are staked, users can earn the reward token of the pool passively. However, if users want to withdraw their funds, they can click on the Harvest button at any time to cash out their rewards.
Initial Farm Offerings (IFOs)
Initial Farm Offerings (IFO) are a great alternative for crypto enthusiasts to get newly launched tokens using the power of yield farming. On Noodles Swap, users can take part in yield farming by committing LP tokens from a supported pool.
With the introduction of IFOs, users can get access to the sale of a newly launched token. Users can check the list of active IFOs on the Noodles Swap IFO page. It's one of the best and earliest ways to participate in a new crypto project.
Smart Contract Audit
Noodles Swap has been audited by Techrate, and the audit report shows that the smart contract logic and source code is free of bugs and functions as intended under every given circumstance.
Roadmap of Noodles Swap
Is Noodles Swap safe?
Remember that depositing funds into a smart contract always carries risks of vulnerabilities, even for reputable and audited blockchain projects. That said, it's recommended not to deposit more money than you can afford to lose.
Rest assured that the development team behind Noodles Swap has been taking every necessary measure to ensure the highest-level security for their users.
Noodles Swap is on a mission to be the biggest AMM project on Binance Smart Chain (BSC) with some innovative products and features.
Furthermore, the team behind Noodles Swap is committed to developing cutting-edge and captivating models for Automated Market Maker (AMM) and Liquidity Pools.
The DeFi trend has picked up the pace, and DApps like Noodles Swap show that the surge of innovation is destined to increase to other blockchain sectors as well.