Frequently Asked Questions

What is ETC Swap Protocol?

The ETC Swap Protocol is an open-source protocol for providing liquidity and trading ERC20 tokens on Ethereum Classic. 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 ETC Swap Protocol and the ETC Swap Interface were developed by Uniswap Labs and minimally modified by Ethereum Classic DAO for the Ethereum Classic network. Check out the Introduction section of our docs for more info on the different roles played by Ethereum Classic DAO, the User Interface, and the ETC Swap Protocol.

How do I use the ETC Swap Protocol?

To create a new liquidity pool, provide liquidity, swap tokens, or vote on governance proposals, head over to the ETC Swap Interface and connect a Web3 wallet. Remember, each transaction on Ethereum Classic costs Ether (ETC). For a more detailed walkthrough, check out our Help Guides. If you’re a developer interested in building on top of the ETC Swap Protocol, please refer to our extensive docs.

How does ETC Swap Protocol work?

ETC Swap 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 ETC Swap 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. For a more in-depth description, check out the Concepts from the documentation.