Swap
Constant-product AMM, swap tokens with 0.3% fee, or provide liquidity to earn fees
Price-discovery demo: swaps here move the pool's virtual reserves for price discovery only, they do not yet settle real COGN on-chain, so no funds leave your wallet. On-chain settlement is on the roadmap.
Checking wallet…
COGN Reserve
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COGN locked in pool
USDT Reserve
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USDT locked in pool
COGN Price
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Per 1 COGN
Total LP Tokens
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Liquidity share tokens
Trade
Estimated output, USDT
0.3% fee • min received: , USDT
What is Swap?
Think of it like a currency exchange booth, but automatic, instant, and no human needed. You hand in one token and instantly receive another. A small 0.3% fee is taken automatically.
Swap Tokens
You have Token A and want Token B. Hand in your tokens, instantly receive the other. Price is set automatically by the pool, no middleman.
The Pool
A big pot holding both tokens. When you take COGN out, USDT goes in. The more of one token you take, the more expensive it gets, balanced by math.
Provide Liquidity
Deposit both tokens into the pool and become the exchange booth. Every swap pays you a 0.3% fee. You receive LP tokens as proof of your share.
Pool Fee0.3%
PairCOGN / USDT