FAQ

Frequently Asked Questions

What is a Dex?

A decentralised exchange, or DEX, is an online peer-to-peer service that allows direct and secure cryptocurrency transactions between two parties without an intermediary.

What is a liquidity pool?

A liquidity pool is a collection of funds locked in a smart contract. Liquidity pools facilitate decentralised trading, lending, and many more functions.

What is an Initial Liquidity Offerings (ILO)?

An Initial Liquidity Offering is a campaign that allows you to commit specific tokens for discounted YOK. The purpose of the campaign is to incentivize liquidity providers when a new listing is released.

What is an Initial Dex Offering (IDO)?

An Initial Dex Offering, IDO, is a type of cryptocurrency fundraising that provides financial freedom to both the investor and developer. An issuer distributes IDO coins through a decentralised liquidity platform during an IDO. This platform uses liquidity pools, a collection of funds locked in a smart contract, to enable the trade of tokens.

What does the "commit" token mean?

Committing a token in our IDO or ILO means permitting to convert your committed token. It’s not related to staking. If your committed tokens are not converted, you will be able to retrieve your original tokens.

What is the YokaiSwap launchpad?

The YokaiSwap launchpad helps start-ups leverage blockchain technology to generate impact and create value, building a solid foundation for their future success. The launchpad provides fundraising opportunities to early-stage crypto projects and allows investors to discover and support hand-picked projects on YokaiSwap.com.

What are auto YOK and manual YOK in Monster pool (Staking pool)?

Monster pools are where you can stake your YOK. By providing liquidity to the platform, you get rewards in YOK. In addition, auto YOK means your stake funds will be automatically harvested and restaked (compounded) for you. Whereas manual YOK requires you to harvest and compound your earnings from the pool manually.

What is APR?

APR refers to annual percentage rate. It helps users calculate the rewards they may earn by making their crypto assets available for loans or used as liquidity. With the APR calculator on YokaiSwap, you can easily estimate your predicted return on investment.

What is farming?

Yield farming (farming) involves lending or staking cryptocurrency in exchange for interest and other rewards. Yield farming protocols incentivize liquidity providers (LP) to stake or lock up crypto assets in a smart contract-based liquidity pool. The returns are expressed as an annual percentage yield (APY).

Where else can I connect with Yokaiswap?

We have an official channel on Twitter, Discord and Medium where you can get the latest news and update from us. However, please be aware of scammers and accounts trying to impersonate us.

Is Yokaiswap audited?

Yes, we are audited, check out the audit report here.

User Guides

How do I initialize my Godwoken account on YokaiSwap?

Before your first deposit on yokaiswap.com, you will need to transfer a minimum of 464 CKB or supported sUDT tokens to your L1 Yokaiswap Wallet address, to initialize your Godwoken account.

How to trade, stake and farm on Yokaiswap.com?

To learn how to trade, stake or farm on YokaiSwap, please visit our feature guide for detailed instructions.

How to withdraw from YokaiSwap?

To learn how to withdraw from YokaiSwap, please visit the below user guides: CKB Withdrawal Guide USDC Withdrawal Guide