STEPN has built its own multi-chain Decentralized Exchange (DEX) DOOAR, it will undergo a few stages as outlined below:
Stage 1: A STEPN in-app swap without an independent front end: the swap only serve users within the STEPN app
Stage 2: A DEX with a front end: anyone can provide liquidity to GST/USDC & GMT/USDC pairs.
Stage 3: A DEX with a front end: anyone can create liquidity pools for other tokens (MULTI-CHAIN).
The swap within STEPN will charge 1% trading fee. In this 1% fee:
0.3% will be rewarded to the liquidity providers.
0.6% will be held at a separate address to give back to the STEPN ecosystem. The potential use cases include: a) GMT buyback and burn; b) NFT sneakers buyback and burn; c) Support ecosystem building events ; d) Community giveaways and raffles.
0.1% will be used for the future development work.
The contract address of DOOAR is:
Dooar is officially released on 17th August 2022, the DEX address is dooar.com