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Get Started with Tensor's AMM
TensorSwap (our AMM) is like your traditional NFT marketplace but with more trade automation and advanced order types.
TensorSwap is kinda like an NFT marketplace, but not really.
Being an AMM lets us do certain cool things that traditional marketplaces can't - read on to learn more.
The main difference is that there's a lot more room for you as the user of the protocol to get paid.
Specifically, there are 2 ways you can earn using TensorSwap:
- 1.You can configure your own fee 💸 (0-25%) when creating a market-making order
- 2.You earn reward points ⭐️ for all kinds of activities on TensorSwap, mainly setting up orders
There are a few other differences:
- We're 100% focused on building the best UX for the NFT trader: we started off building the fastest NFT aggregator & trading venue on Solana (Tensor Trade) and we're bringing the same care and attention to detail to TensorSwap.
This means you as the market-maker get to specify both the price range you provide liquidity (200x+ more efficient liquidity) and the fees you'd like to make.
- If you provide good prices, you earn all the fees (vs splitting it w/ other LPs). 💸
- In general, your profit margin/APY will far exceed any passive AMM pools. 🤑
To get started:
If you'd like a bit more explanation on how each order type works, read the below:
Once you're done trading, you can close your order: