🍳The Kitchen

Our ecosystem is compromised of three groups of users: Liquidity Providers (LPs), Traders and Developers. Liquidity Providers are incentivised to contribute ERC-20 tokens to liquidity pools, traders can then swap these tokens from one another for a fixed fee of 0.25%. Developers will be able to integrate directly with our smart-contracts to power new and exciting experiences for users.

Distribution	Fee %
LP Provider	50%
LazyLabs (Platform)	15%
Buy-Back / Treasury Tapas	17%
Staking	18%

*Fee distribution could change in the future as we progress in the roadmap, DAO vote will take place if any changes are needed.

Swap

Lightning speeds, low transaction fees, and ease of use, designed for those getting onboarded on crypto and learning the basics - that's our motto.

Our DEX aims to provide our users with the best possible trade route. This feature is already established on each swap, finding the most efficient path of receiving the maximum outputted token for every trade.

Liquidity Pools

Available pools in Tapas allows users to earn up to 50% of exchange fees, proportional to your share of the pool. LPs are a critical component in our ecosystem, this will depend on the markets liquidity and make it more appealing to traders.

When providing liquidity on Tapas, users simply deposit 2 tokens to the respective pool. And that's it, as simple as frying an egg! Rewards are then earned in the form of fees.

We decided to use the most standard form of liquidity provision as we aim to become the most easy to use DEX in Telos. We see ourselves as the face for those users initiating into DeFi in a nice looking UI and with easy-to-use components.

Farming

Tapas farms allows users to deposit your LP tokens to earn additional farming rewards for selected pairs. We aim to provide single and dual sided farming rewards. One of which will be $TAPA. Farms are a great way to make more out of your LP position. In this way users will receive both trading fees from being an LP, plus the rewards gained in the farm.