Frequently Asked Questions

What is Retherswap?

The Retherswap Protocol is an open-source protocol for providing liquidity and trading ERC20 tokens on Hypra Network. It eliminates trusted intermediaries and unnecessary forms of rent extraction, allowing for safe, accessible, and efficient exchange activity. The protocol is non-upgradable and designed to be censorship resistant.

The Retherswap Protocol and the Retherswap Interface were initially based around Uniswap V2 by Uniswap Labs. We've improved the product and made it our own.

Check out the Introduction section of our docs for more info on the different roles played by Labs, the Interface, and the Protocol.

How do I use Retherswap?

To create a new liquidity pool, provide liquidity, swap tokens, or vote on governance proposals, head over to the Retherswap Interface and connect a Web3 wallet. Remember, each transaction on Hypra costs Hypra (HYP). For a more detailed walkthrough, check out our Help Guides.

If you’re a developer interested in building on top of the Retherswap Protocol, please refer to our extensive docs.

How does Retherswap work?

Just like Uniswap - Retherswap is an automated market maker. In practical terms, it is a collection of smart contracts that define a standard way to create liquidity pools, provide liquidity, and swap assets.

Each liquidity pool contains two assets. The pools keep track of aggregate liquidity reserves and the pre-defined pricing strategies set by liquidity providers. Reserves and prices are updated automatically every time someone trades. There is no central order book, no third-party custody, and no private order matching engine.

Because reserves are automatically rebalanced after each trade, a Retherswap pool can always be used to buy or sell a token — unlike traditional exchanges, traders do not need to match with individual counterparties to complete a trade.