❓Frequently Asked Questions

When did EmberSwap launch?

EmberSwap launched February, 2022.

When did farming start?

Farming started at the same time as launch, during February, 2022.

When will audit be completed?

Contact will be made to get security audits by CertiK. Please check the Roadmap section for further progress.

Do I need $FIRE to earn $EMBER?

No, but you may stake your $FIRE to earn $EMBER or pair your $FIRE with $EMBER and stake them in the liquidity pools to earn more $EMBER. You can also just simply hold your $FIRE and receive $EMBER as 10% of the emissions from farms goes towards $FIRE holders, liquidity providers and farmers as per the Fire Distributor.

Are there plans for marketing?

The marketing campaign has not yet launched, however, this can and will easily planned when governance is released.

Is there a transaction fee on EmberSwap?

Every swap has 0.25% fee. 0.20% of that is going to LP providers while 0.05% to the Governance Treasury. Please refer to the "Tokenomics" section for more information.

What are the tokenomics?

Please refer to the "Tokenomics" section for more information.

What is impermanent loss?

Impermanent loss is a change of value of assets compared to when you deposited them. The larger the change of value, the more loss occurs. The loss is reversible when the values return to what they were at the time of deposit. If assets are removed from the pool before the return to the original pricing, then the impermanent loss becomes permanent.

Please click here for more information about impermanent loss.

What is slippage?

Slippage is the % of the difference you want to buy a token compared to the current price. For example, if if the price of the token has changed by the time you initiated transaction, your swap will succeed as long as the difference is within the percentage you chose as the slippage

How is APR calculated?

EmberSwap's APR is calculated with the following formula:

Pool APR = ((pool ember emission per day * ember price) / pool tvl) * 365

Fee APR = (lastDayVolume * 0.002 * 365 * 100) / pairLiquidity