# DEX/ANN

The DEX is where you go to exchange or swap currencies and the intelligent AMM component then sets up the trade you. You will also lock liquidity at the DEX which will transact CryptwordSwap LPs into your wallet. LPs can then be used to stake in the farms/ pools to earn CTW.

**DEX Features**

* Our own AMM means liquidity is locked in the CryptwordSwap Exchange, giving the Yield Farm independence and stability, once we have built enough liquidity (we need your help to achieve this goal!).
* Controlling our own liquidity, allows us to offer investors incentives and features that would not be possible otherwise.
* Auto Slippage is an innovative DEX feature we’ve added that automatically (where available) sets the slippage for a token, for easier trades.
* Planned features like Auto Compounding Vaults will enable investors to save time / money on repetitive transactions.

[Token Swap](https://cryptwordswap.finance/) on CryptwordSwap is the simple way to trade one BEP-20 token for another via automated liquidity pools.

![](https://618482794-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MYUyjUYm7GQZM14ln98%2F-M_Aapfplxm63kxVu0b_%2F-M_AbbkuYGzdW-m8Ozmq%2Fimage.png?alt=media\&token=df028ba2-34ad-4df6-971a-de476c2b5e62)

The liquidity provided to the exchange comes from Liquidity Providers ("LPs") who stake their tokens in "Pools". In exchange, they get FLIP (CryptwordSwap Liquidity Provider) tokens, which can also be staked to earn CTW tokens in the "farm".

![](https://618482794-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MYUyjUYm7GQZM14ln98%2F-M_Aapfplxm63kxVu0b_%2F-M_Abs7dNvaeYqQAo2CR%2Fimage.png?alt=media\&token=fe21e3b8-2e63-41d0-bc3c-dcaf3d8026a3)

When you make a token swap (trade) on the exchange you will pay a **0.2% trading fee**, which is broken down as follows:

**0.15%** - Returned to liquidity pools in the form of a fee reward for liquidity providers.

**0.05%** - Sent to the CryptwordSwap Treasury.
