> For the complete documentation index, see [llms.txt](https://lemonad.gitbook.io/lemonad-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://lemonad.gitbook.io/lemonad-docs/lemonswap.md).

# LemonSwap

<figure><img src="/files/92cL6RxbmZAUfL57izmE" alt=""><figcaption></figcaption></figure>

LemonSwap is LeMONAD’s native decentralized exchange (DEX), purpose-built for the Monad ecosystem. It provides a seamless on-chain venue for token swapping and liquidity provision, enabling users to trade assets efficiently while maintaining full custody of their funds.

Built on an automated market maker (AMM) model, LemonSwap enables instant swaps between supported token pairs with transparent pricing and low slippage. All trades execute directly through smart contracts, removing intermediaries and ensuring permissionless access for all users.

#### Core Functionality

**Token Swapping**\
Users can swap between supported token pairs with real-time price quotes prior to execution. The AMM design ensures continuous liquidity and predictable execution, even during periods of high activity.

**Liquidity Provision**\
Participants may supply liquidity to trading pairs and earn a share of trading fees in return. Liquidity providers receive LP tokens that represent their proportional ownership of the pool and can be redeemed at any time.

#### Supported Trading Pairs

LemonSwap launches with a focused set of core pairs to ensure deep liquidity and efficient price discovery:

| Pair         | Description                   |
| ------------ | ----------------------------- |
| LEMON / MON  | Primary ecosystem pair        |
| MON / USDC   | Core stablecoin pair          |
| LEMON / USDC | Direct stable access to LEMON |

Additional pairs may be introduced as the ecosystem expands.

#### Fee Structure

LemonSwap applies a **0.3% fee on each swap**, which is distributed directly to liquidity providers. This model aligns trader activity with liquidity incentives, ensuring sustainable pool depth and ongoing rewards for participants supporting the exchange.

#### User Experience

Swapping on LemonSwap is designed to be intuitive and efficient. Users connect a wallet, select tokens, review live pricing, and execute trades in a single flow. All transactions settle on-chain, with full transparency and verifiability.

By combining simple mechanics, efficient liquidity incentives, and native integration with the LeMONAD ecosystem, LemonSwap serves as the foundational exchange layer—powering trading, liquidity, and value flow across the protocol.


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