FAQ

Q1: What is SquadSwap WOW?

SquadSwap WOW is an upgrade to the SquadSwap platform, enhancing both the DEX's v2 AMM and v3 Liquidity Pools. It's designed to offer better price execution and performance, specifically tailored for the Pancake Squad NFT community.

Q2: Why the upgrade to SquadSwap WOW?

The upgrade introduces significant improvements like optimized Concentrated Liquidity and an enhanced Automated Market Maker, aiming to provide users with more efficient trading and liquidity options, better aligning with the needs of its community.

Q3: What happens to my accumulated rewards when the fee tier changes?

Your rewards accumulated before the change will remain unaffected, and you can withdraw them at any time by selecting "Collect." The new fee rate will only apply to rewards earned from transactions after the change.

Q4: How should I choose between Dynamo and Wow pools?

• Dynamo (V2-based): Ideal if you prefer a straightforward trading experience with a single, flexible fee tier.

• Wow (V3-based): Best for those looking to leverage multiple fee tier options and concentrated liquidity for more sophisticated strategies.

Q5: How often can fee tiers be changed?

This depends on the governance mechanism or decisions by the SquadSwap DAO or Squad Committee, typically based on market conditions. Rapid updates might occur in response to significant market shifts.

Q6: Will classic pools be completely phased out?

No, Classic V2 and V3 pools will still be available. However, for a more competitive edge, Dynamo and Wow pools provide enhanced benefits.

Q7: What happens if the old price and the new price differ during the migration process?

During migration, your liquidity will adjust to the new pool's price. If the new pool requires less than what you had in the old pool, the excess tokens will be sent back to your wallet.

Q8: What happens to my accumulated rewards during migration?

If migrating from V2 or V3, your accumulated rewards will be used to enter the new liquidity pool. If your liquidity was staked in a farm, it will be unstaked first, and any farming rewards will be transferred to your wallet before your liquidity is migrated.

Q9: What security measures are in place for SquadSwap WOW?

SquadSwap WOW undergoes thorough smart contract audits. Security updates and audit reports are available via PeckShield and Cyberscope.

Q10: Can I trust SquadSwap with my investments?

SquadSwap, being community-run by Pancake Squad NFT holders, prioritizes transparency and security through regular audits. Nonetheless, always perform your own research before investing.

Q11: How does being community-run benefit SquadSwap WOW?

It ensures that the platform's development, updates, and governance reflect the community's needs, fostering a platform that's more aligned with user expectations.

Q12: What is "Concentrated Liquidity" in SquadSwap WOW?

It refers to the ability to place liquidity in specific price ranges, enhancing capital efficiency and potentially increasing returns for liquidity providers, particularly with the v3.3 update.

Q13: How does the Dynamo update affect my trading experience?

The Dynamo update to AMM v3.2 aims for better price execution, making trading more cost-effective and efficient.

Q14: Are there any prerequisites for using SquadSwap WOW?

You'll need a compatible crypto wallet and a basic understanding of decentralized exchanges. Familiarity with AMM and liquidity pools is beneficial.

Q15: Are there any prerequisites for using SquadSwap WOW?

You'll need a compatible crypto wallet and a basic understanding of decentralized exchanges. Familiarity with AMM and liquidity pools is beneficial.