Biswap FAQs — Ask & Explore the DeFi World!

5 min readAug 7, 2021

The Biswap team has selected the most frequently asked questions about the platform. Our goal is to make the DEX as safe, easy, and profitable to use as possible.

Explore the platform and dive into the DeFi world with us!

1. APR VS APY — What’s the difference❓

APR (Annual Percentage Rate) on Biswap — represents the annual percentage income for staking tokens. So, the sum which can be potentially earned from APR will grow only after Manual Compound, because of the increase of the staking token balance.

For Example:

You approved 1 000 BSW in BSW Launchpool under 190% APR. That means that at the time of calculation your income for 1 year can be calculated as follows:

1 000 BSW (the invested sum) x 190 % (APR) / 100 = 1 900 BSW — your 1-year income.

To calculate your daily income you need:

190 % (APR) / 365 (days of the year) = 0.52% (your daily income in percentage)
1 000 BSW (the invested sum) x 0.52 your daily income in percentage) / 100 (also can be counted as 1 000 x 0.52 %) = 5.2 BSW — your daily income in BSW

That means that your 1-year total sum potentially can be:

1 000 BSW (if you unstake your deposit sum) + 1 900 BSW (your income — the sum of APR) = 2 900 BSW

❗️Keep in mind that the rates are approximate, provided for your convenience only, and in no way represent a guaranteed return. All the mathematical calculations aren’t financial advice.

APY (Annual Percentage Yield) on Biswap — is the annual percentage of return earned from staking taking into account the automatic increase of the invested sum, but APR — does not in its turn. So, the frequent compounding earns you higher BSW profit because of its regular increase of the initially invested sum of BSW tokens for staking.

For Example:

You approved 1 000 BSW in BSW Launchpool for Auto-compounding under 600% APY.

That means that at the time of calculation your income for the 1 year can be calculated:

1,000 (the invested sum) x 600 (APR in percentage) / 100 (also can be counted as 1 000 x 600% )= 6 000 BSW — your 1- year income if you won’t make any unstakes during this year.

Pay attention that you cannot accurately calculate your daily income because of permanent automatic change and increase the sum of your investment.

That means that your 1-year total sum potentially can be:

1 000 BSW (if you unstake your deposit sum) + 6 000 BSW (your income — the sum of APY) = 7 000 BSW

❗️Keep in mind that the rates are approximate, provided for your convenience only, and in no way represent a guaranteed return. All the mathematical calculations aren’t financial advice.

Read more about Auto-compounding:

Auto Compound BSW — Up to 3000% APY in BSW Launchpool!

From here on, Auto-compounding with BSW tokens can be used on Biswap Launchpools!

biswap-dex.medium.com

2. Where can I find inactive Launchpools❓

All inactive Launchpools are available on the Launchpools tab. Click the button Inactive, to find the disappeared token.

You may withdraw your income, and staked tokens as well, by clicking on the minus(-).

3. How to solve Metamask Phishing Detection❓

Metamask Phishing Detection may occur due to increased activity on a new platform. But you mustn’t let your guard down! Check the domain carefully and click on «continuing at your own risk» if everything is alright.

4. Why my referral link doesn’t work❓

To understand the question we need to go into some technical details.

Biswap is a website that is divided into different domains. This means that if the user enters the platform for the first time and clicks on different tabs without connecting a wallet — a referral link with the transition to another domain doesn’t work and a user needs to re-enter it and connect a wallet before clicking on other tabs on Biswap website.

Whether you connect with the referral system or not can be checked during the wallet connection in Signature Request.

The message in Signature Request without referral link will include the following information:

registerReferralCode=null&ts=…