Frequently Asked Question
What is an AMM?
It is easiest to think of an Automated Market Maker (AMM) as a piece of software that can offer an exchange between two assets at any time, irrespective of the presence of a corresponding buyer or seller.
What is a DEX?
A DEX is an decentralised exchange that allows users to exchange tokens directly from their wallet by interacting with an AMM. The term is used more broadly to describe a site offering a range of features, including an AMM, as found on Leonicorn Swap.
What is the difference between Meat and Caves?
Meat is for staking Liquidity Provider (LP) tokens, which must first be obtained by providing liquidity using the Liquidity feature. Caves are for staking single tokens.
What is the difference between Locked Staking and Caves?
Locked Staking is a staking feature where LEONS can be locked for defined periods of time to earn high yield rewards in LEONS.
Caves allow the staking of LEONS with rewards paid in LEONS - tokens can be unstaked from caves at any time.
What is the best wallet to use?
Leonicorn Swap supports a range of wallets. You can view the full list of supported wallets in our Wallet Guide.
How is APR calculated for Caves and Single Staking?
For Caves and Single Staking, APR is calculated using the following formula:
APR = Annualised rewards (in USD) / total staked funds in pool (in USD) * 100
This means APR will fluctuate as investors stake more funds to pools, and as the values of the staked and reward token change.
How is APR calculated for Meat?
Calculating APR for farming is more complicated - please see opur more in depth explanation Calculating APR for Meat Pools.
Will there be more Meat and Caves pools added?
Yes, as our partnerships grow more caves will be added, allowing users to stake LEONS to earn partner tokens. The number of Meat farms available grows continuously, and as partners add liquidity to the DEX more will come online.
Where can I get more support?
You can contact our 24hr live support team directly, using the Chat Now button at the bottom right corner of the DEX.
We also have official Telegram and Discord communities that can provide you with assistance.
⚠️ NOTE: None of our admin team will ever contact you by direct message on any of our social media platforms first. Anyone who contacts you first is likely to be a scammer.
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