What is Biswap (BSW)?

Deep Dive

1. Purpose & Value Proposition

Biswap aims to streamline decentralized trading by aggregating liquidity across multiple chains (BNB Chain, Ethereum, Base, Arbitrum). Its Smart Router scans both V2 and V3 pools to minimize slippage and gas fees, prioritizing capital efficiency. Unlike many DEXs, Biswap returns 80% of trading fees to liquidity providers, incentivizing deeper liquidity.

2. Technology & Ecosystem

The platform supports concentrated liquidity via V3 Farms, allowing liquidity providers to earn up to 150% APR by focusing capital in specific price ranges. Its redesigned interface targets traders with faster execution and multichain bridging. Biswap also offers analytics tools for tracking real-time market metrics.

3. Tokenomics & Governance

BSW serves three primary roles:
- Rewards: Earned through staking in Investment Pools or liquidity farming.
- Governance: Staking BSW generates vBSW, granting voting power over protocol upgrades.
- Discounts: Locking BSW produces oBSW, redeemable for USDT rewards or BSW purchases at a 30% discount.

Conclusion

Biswap is a multichain DEX combining low-fee trading, yield farming, and community governance, though its recent delisting from Binance (June 2025) over compliance concerns highlights ongoing challenges. Can its roadmap for decentralization and upgraded tokenomics restore confidence in a competitive DeFi landscape?